McKINNEY, TX and PHILADELPHIA, PA (May 12, 2010) – MedAct, the leader in HME/DMEPOS business solutions, announced today the success of their partnership with InstaMed, the industry leading clearinghouse and payment processor for HME and other healthcare businesses. MedAct seamlessly integrated InstaMed Connect, a fully integrated and open Application Programming Interface (API), into their existing application to deliver their customers solutions that drastically increase efficiencies and patient collections.
“We can seamlessly transmit claims and check eligibility in real-time directly from the MedAct application,” stated Trish Vince, Billing Manager of On Demand Home Medical. “By no longer having to manage multiple applications and screens, we save 15 hours a month and have seen an increase in our collections by 37%. MedAct’s enhanced application with extensive reporting is truly superior to the other software solutions built for the HME industry today.”
InstaMed Connect facilitates integration and delivers access to all of the transactions in the healthcare revenue cycle. The API supports multiple file formats, connectivity methods and processing modes, including batch and real-time, which offers developers the flexibility to integrate almost any software application.
“The ability to check eligibility in real-time allows us to confirm insurance coverage up-front, reducing claim rejections and speeding up self pay collection efforts,” added Vince. “The payment solutions allow us to collect patient payments at the point of service, in the back office or through payment plans. These solutions have decreased our patient bad debt and our days in A/R from over 81 days to just 24 days.”
“We are thrilled with the success of MedAct and its customers. Our partnership’s shared commitment to integration and service creates a win-win-win for InstaMed, MedAct and its customers. InstaMed remains focused and dedicated to producing results by simplifying the healthcare payment process,” stated Bill Marvin, President and CEO of InstaMed.
“Partnering with InstaMed was an easy choice for us. Combining our billing and patient information management solutions with InstaMed’s leading healthcare payment solutions has created efficiency gains and increased revenue for the HME industry,” stated Gregg Timmons, CEO of MedAct. “Our partnership with InstaMed has proven successful in the marketplace. Since integrating InstaMed Connect into our application, our customers are very pleased with the results from their HME business.”
About MedAct Software™
Founded in 1982, Dynamic Energy Systems, DBA MedAct Software™ has been providing software solutions to the HME/DMEPOS business community. MedAct Software™ continues to be an industry leader in providing the latest in technology and innovation to HME/DMEPOS businesses. MedAct’s ease of use and powerful workflow capabilities result in cost savings, efficiency gains, efficiency billing, claims processing and collection risk mitigation for its customers. Visit MedAct Software™ on the web at www.medactsoftware.com.
InstaMed is the industry leading healthcare payments network and platform. InstaMed’s mission is to transform the healthcare payment process for healthcare Providers, Payers and Patients so their payment experience is simple, convenient, reliable and secure. InstaMed processes all of the healthcare and payment transactions in the healthcare revenue cycle and offers patent pending, integrated healthcare and payment transactions that accelerate the healthcare payment process and reduce the administrative costs to all parties. Through its channel partner relationships, InstaMed currently supports the healthcare payment processing needs of all types of providers, from solo practitioners to billion dollar health systems; and hundreds of healthcare payers of all sizes. InstaMed is registered with Visa and MasterCard and is certified as a Payment Card Industry Data Security Standards (PCI-DSS) Level One Service Provider. InstaMed is also fully accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) as a healthcare clearinghouse. Visit InstaMed on the web at www.instamed.com.
InstaMed Public Relations