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Franklin Memorial Hospital Thrives on the InstaMed Network
FARMINGTON, ME and PHILADELPHIA, PA (May 19, 2009) – By utilizing InstaMed’s solutions, Franklin Memorial Hospital has streamlined its payment collection processes, increased payment card transactions and decreased administrative costs. InstaMed’s integrated and flexible platform allows Franklin to collect patient payments over the web, in the back office and at the point of service.
As patient… Read MoreInstaMed Announces Osage Partners and Ashby Point Capital Have Joined Existing Investors in $6 Million Growth Equity Financing
PHILADELPHIA, PA and NEWPORT BEACH, CA (March 17, 2009) – InstaMed, the industry leading healthcare payments network and platform, announced Osage Partners, a Bala Cynwyd Pennsylvania-based venture capital firm, has joined existing InstaMed investors in the company’s $6 million growth equity financing. Ashby Point Capital of Arnold Maryland also invested. The financing was led by… Read More
InstaMed Pledges Support for Project SwipeIT with Patient ID Swipe Card Solutions for Provider Acceptance and Payer Issuance
PHILADELPHIA, PA and NEWPORT BEACH, CA (March 11, 2009) – InstaMed pledged its support today for the Medical Group Management Association’s (MGMA) Project SwipeIT. This industry-wide initiative is intended to build coalescence among insurers, vendors and providers in order to drive the creation and adoption of standardized, machine readable patient ID cards by January 1,… Read More
InstaMed Selected as Technology Excellence Award Winner
PHILADELPHIA, PA (December 2, 2008) – The Greater Philadelphia Chamber of Commerce proudly announced the winners of the 2009 Excellence Awards Honoring the Region’s Small Businesses – the most esteemed honor bestowed on small businesses in the Greater Philadelphia region. Sponsored by Ben Franklin Technology Partners, InstaMed was awarded the 2009 Technology Excellence Award for… Read More
InstaMed Surpasses One Billion Dollars in Healthcare Payments Processed
PHILADELPHIA, PA (September 10, 2008) – InstaMed® today announced it has processed over one billion dollars in healthcare payments using the company’s proprietary network and platform. InstaMed has created the first and only fully integrated, real-time payment platform and network that meets all of the security and compliance requirements across both the healthcare and the… Read More
InstaMed Announces Release of Healthcare Payments White Paper For Payers
SAN FRANCISCO, CA (June 19, 2008) – InstaMed announced today the release of its second white paper focused on the growing business problem of Payment Assurance between Payers and Patients as Health Plan Members take on greater payment responsibility. The white paper introduces a Payment Assurance Framework for Payers and areas of opportunity that Payers… Read More
GW Medical Faculty Associates Integrates InstaMed Automated Eligibility
WASHINGTON D.C. (December 18, 2007) – The George Washington University Medical Faculty Associates (MFA) announces that it has integrated InstaMed Automated Eligibility with its patient accounting systems to support real-time and batch automated eligibility inquiries to InstaMed’s Network. InstaMed currently supports real-time eligibility to over 430 health plans, including all national health plans, blues plans… Read More
U.S. Bank and InstaMed Announce Strategic Partnership Focused on Healthcare Payments
MINNEAPOLIS, MN and PHILADELPHIA, PA (May 1, 2007) – U.S. Bank has made an equity investment in InstaMed, a real-time gateway and processor of healthcare and payment transactions. The two companies have been working together in a strategic partnership for nearly a year, and have already processed tens of millions of dollars on the InstaMed… Read More
InstaMed raises $6.5 Million in 3rd Round Equity Financing
PHILADELPHIA, PA and NEWPORT BEACH, CA (April 27, 2007) – InstaMed announces that it has raised $6.5 Million in a common stock, equity financing. This is the company’s third round of funding since its formation in 2004.
Investors in the round included U.S. Bank National Association (a wholly owned subsidiary of U.S. Bancorp) as well as… Read MoreInstaMed Announces Integrated ERA/EFT for Seamless Payments to Healthcare Providers
PHILADELPHIA, PA and NEWPORT BEACH, CA (November 15, 2006) – InstaMed, a real-time gateway and processor of healthcare and payment transactions, announces that the patent pending InstaMed Platform now offers Integrated ERA/EFT™, a seamless process for payers of any size to deliver electronic remittance and payment to their healthcare providers for any plan design and… Read More
News and Events
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Bill Marvin, President/CEO, Named 2012 Entrepreneur of the Year Finalist
May 15, 2012 -
ESI Partners with InstaMed to Launch Electronic Healthcare Payment Solutions and Payment Portal for Hospitals
May 9, 2012 -
InstaMed Releases 2011 Annual Trends in Healthcare Payments Report
May 8, 2012