Will be based in Louisville
FRANKFORT, Ky. (Aug. 6, 2014) — Another health care company is moving its main operations to Kentucky. Gov. Steve Beshear today announced iHealth Solutions will establish its headquarters in downtown Louisville.
iHealth, which provides technology and other services for medical records, as well as medical billing and claims processing services, plans to create 70 new jobs and invest $1.7 million into the project.
“iHealth will make an outstanding addition to the health care landscape in Louisville, which continues to grow,” Beshear said. “We’re thrilled to see 70 new jobs and are always excited to have innovative leaders join the community as a result of a new corporate headquarters.”
iHealth will move its corporate headquarters from Virginia into the Meidinger Tower on South Fourth Street this summer. The company expects the move will help grow its business and generate new clients nationwide.
iHealth is a leading health care services and technology company focusing on revenue cycle support for physician offices and hospitals. Services include electronic health records, medical billing and collection, medical coding and medical information technology support. In addition to its U.S. operations, the company also has more than 50 employees in India.
The health care industry is one of the largest in Kentucky with more than 3,400 jobs added last year. Currently, more than 116,000 are employed in health care-related occupations in Kentucky, while more than 51,000 are employed in healthcare support occupations. There is at least one long-term care facility located in every one of Kentucky’s 120 counties, employing 30,000 people.
To encourage investment and job growth in Jefferson County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives of up to $350,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.