Intelligent Medicine Exchange (IMX)
IMX Health proposes to be the first financial futures exchange for the health care industry. Pending regulatory approval, we will create a transparent, two sided market for pricing of health care assets, hedging opportunities for payers and providers and other health care market participants and benefit patients through competition for services and through cushioning price shocks in the marketplace, potentially leading to lower prices and premiums.
Company Overview
Intelligent Medicine Exchange (IMX) is a financial exchange specifically designed for the healthcare industry. Founded in 2021 and headquartered in Chicago, IL, IMX operates as a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission (CFTC). The company aims to create a transparent, two-sided market for pricing healthcare assets, providing innovative risk management solutions to healthcare clients through global banks and brokerage firms. With a team size of 11, IMX positions itself as a small business focused on addressing the unique financial needs of the healthcare sector.
Services Offered
IMX offers a range of services aimed at mitigating risks associated with healthcare costs and treatment fluctuations. The company provides tailored derivative contracts and integrates existing indices to create new financial products. These products allow participants to hedge risks and invest in a new asset class within the healthcare market. IMX utilizes anonymized data to develop proprietary indices that reflect critical healthcare trends, including diagnosis and treatment costs. The company also provides liquidity through market makers, enhancing trading opportunities for its users.
Trading and Market Operations
IMX operates with specific trading hours from Monday to Friday, 8:30 am to 3 pm (CT). The company sets intraday price limits at 7% and 13%, which trigger a two-minute market halt if breached. A daily price limit of 20% is also enforced, preventing trading beyond this threshold. The company has established position limits for contracts, with spot month limits set at 20,000 contracts and all month limits at 30,000 contracts. Financial settlements for contracts are conducted in USD, ensuring clarity and consistency in transactions.
Risk Management Solutions
Intelligent Medicine Exchange focuses on providing comprehensive risk management solutions tailored to healthcare providers, payers, and other market participants. The company aims to defray the risk of rising treatment costs and fluctuations in procedure frequency. By offering hedging opportunities, IMX helps healthcare systems manage unpredictable expenses and develop more accurate pricing models for insurance providers. Additionally, the company addresses supply chain disruptions for pharmaceutical and biotech companies, contributing to overall stability in the healthcare market.
Work Environment and Employee Benefits
IMX promotes a remote-first work environment, allowing employees flexibility in their work arrangements. The company offers comprehensive medical plans and a 401k retirement savings plan to support the well-being and financial security of its team members. This approach reflects IMX's commitment to fostering a supportive workplace culture while focusing on innovative solutions in the healthcare financial sector.