Ascension Business Solutions LLC: Company Profile

Background

Overview

Ascension Business Solutions LLC (ABS) is a professional services firm specializing in providing Virtual Assistant (VA) services tailored for healthcare organizations and business owners. By outsourcing administrative tasks to skilled VAs, ABS enables clients to streamline operations, enhance productivity, and achieve significant cost savings—reportedly reducing expenses by an average of 61% on overhead, taxes, and employee benefits.

Mission and Vision

ABS is committed to transforming healthcare operations by offering expert virtual assistance, allowing clients to focus on delivering exceptional care while improving operational efficiency and business growth.

Primary Area of Focus

The company focuses on delivering specialized VA services to healthcare organizations, including home care agencies, to optimize their administrative processes.

Industry Significance

In the healthcare sector, administrative burdens can impede the quality of patient care and organizational growth. ABS addresses this challenge by providing cost-effective and efficient virtual assistance, thereby contributing to the overall improvement of healthcare service delivery.

Key Strategic Focus

Core Objectives

Operational Efficiency: Streamline administrative tasks to enhance productivity.

Cost Reduction: Achieve significant savings on overhead and employee-related expenses.

Quality Care: Allow healthcare providers to concentrate on patient care by handling non-clinical tasks.

Specific Areas of Specialization

Recruiting: Sourcing and onboarding talent aligned with organizational culture.

Scheduling: Coordinating caregiver shifts and minimizing missed visits.

Virtual Receptionist Services: Managing calls and client communications.

After-Hours & On-Call Services: Providing support during non-business hours.

Intake Coordination: Managing referrals, insurance eligibility, and admissions.

Executive Assistance: Supporting business owners with administrative tasks.

Key Technologies Utilized

ABS leverages web-based accounting software and innovative tools to provide efficient bookkeeping systems, ensuring accurate and timely financial data for clients.

Primary Markets Targeted

ABS primarily serves home care agencies and healthcare organizations across the United States, aiming to alleviate administrative burdens and enhance operational efficiency.

Financials and Funding

Funding History

As of the latest available information, ABS has not publicly disclosed details regarding its funding history or total funds raised.

Revenue

The company is estimated to generate an annual revenue of approximately $11.3 million, with each employee contributing about $198,000 in annual revenue.

Employee Growth

ABS has experienced significant growth, expanding its team size by 280% over the past year, indicating a strong demand for its services.

Pipeline Development

As a service-oriented firm, ABS does not have a product pipeline or clinical trials. Instead, the company focuses on continuously enhancing its service offerings and expanding its client base to meet the evolving needs of healthcare organizations.

Technological Platform and Innovation

Proprietary Technologies

ABS utilizes web-based accounting software and other innovative tools to deliver efficient bookkeeping and administrative services, ensuring accuracy and timeliness in financial reporting.

Significant Scientific Methods

While ABS does not employ scientific methodologies, it applies best practices in virtual assistance and administrative support to optimize healthcare operations.

Leadership Team

Regina Asuncion

Position: Founder and CEO

Professional Background: With a healthcare background dating back to 2008, Regina has developed deep expertise in operations and marketing, allowing her to craft strategic solutions that drive efficiency and business growth.

Key Contributions: As the CEO and founder, Regina is committed to being a game-changer in the home care industry, helping agency owners streamline operations, reduce costs, and reclaim their time by providing highly skilled Virtual Assistants.

Competitor Profile

Market Insights and Dynamics

The market for virtual assistant services in the healthcare sector is growing, driven by the increasing need for operational efficiency and cost reduction. Healthcare organizations are increasingly adopting virtual assistance to manage administrative tasks, allowing them to focus on patient care and strategic initiatives.

Competitor Analysis

ABS operates in a competitive landscape with several companies offering similar services. Notable competitors include:

Gateway Management Company: Provides business process outsourcing services.

MIRACORP: Specializes in healthcare staffing and administrative support.

Credere Group: Offers consulting and virtual assistant services tailored for healthcare organizations.

Strategic Collaborations and Partnerships

ABS is a member of several industry groups, including the Home Care Association of Florida, Digital Champions, Home Care Evolution, and The Influence Group/Home Care Innovation Forum. These affiliations enable ABS to collaborate with other industry leaders and stay updated on best practices and innovations in healthcare administration.

Operational Insights

ABS differentiates itself through its specialized focus on healthcare organizations, offering tailored virtual assistant services that address the unique challenges of the sector. The company's commitment to quality, cost-effectiveness, and operational efficiency positions it as a valuable partner for healthcare providers seeking to optimize their administrative processes.

Strategic Opportunities and Future Directions

ABS is well-positioned to expand its service offerings and client base by leveraging its expertise in virtual assistance and healthcare operations. Future opportunities include:

Service Expansion: Introducing additional services such as data analytics and patient engagement support.

Geographic Growth: Extending services to healthcare organizations in new regions.

Technological Advancements: Integrating advanced technologies like artificial intelligence to further enhance service efficiency and effectiveness.