Trends in Healthcare Payments Seventh Annual Report: 2016

The 2016 Trends in Healthcare Payments Annual Report identifies the healthcare payments industry shifts that are business drivers for payers and providers to make changes to address consumerism, improve cash flow, operate more efficiently and enhance data security. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative market data based on an analysis of three InstaMed-commissioned online surveys of healthcare providers, payers and consumers nationwide and conducted by LHK Partners.

 

Trends in Healthcare Payments Sixth Annual Report: 2015

The 2015 Trends in Healthcare Payments Annual Report identifies the healthcare payments industry shifts that are business drivers for payers and providers to make changes to address consumerism, improve cash flow, operate more efficiently and enhance data security. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative market data based on an analysis of three InstaMed-commissioned online surveys of healthcare providers, payers and consumers nationwide and conducted by LHK Partners.

 

InstaMed Security and Encryption in Healthcare Payments White Paper

Coalfire Systems Inc. (Coalfire), a respected Payment Card Industry (PCI) Payment Application – Qualified Security Assessor (PA-QSA) company, has released a white paper with InstaMed, confirming how InstaMed’s P2PE solution meets the rigorous controls defined in the PCI SSC Point-to-Point Encryption (P2PE) Standard version 2.0 for the protection of payment card data. Coalfire also offers its assessment of how InstaMed solutions reduce PCI scope for healthcare organizations under PCI DSS 3.X. As part of the white paper, Coalfire offers its validation of the security of InstaMed’s healthcare payment solutions for new use cases, including eCommerce Payments, NFC/EMV point of sale transactions, and mobile payments, such as Apple Pay.

 

Trends in Healthcare Payments Fifth Annual Report: 2014

The 2014 Trends in Healthcare Payments Annual Report demonstrates the business drivers for payers and providers and the changes they are making to focus on the consumer, maintain cash flow, reduce the risk of a data breach and to operate efficiently. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide.

 

Trends in Healthcare Payments Fourth Annual Report: 2013

The 2013 Trends in Healthcare Payments Annual Report demonstrates the business drivers for payers and providers and the changes they are making to operate efficiently, focus on the consumer and maintain cash flow. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide.

 

Trends in Healthcare Payments Annual
Report: 2012

The 2012 Trends in Healthcare Payments Annual Report demonstrates the business drivers for payers and providers and the changes they are making to operate efficiently and maintain cash flow. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide.

 

Trends in Healthcare Payments Annual
Report: 2011

The 2011 Trends in Healthcare Payments Annual Report demonstrates the business drivers for payers and providers and the changes they are making to operate efficiently and maintain cash flow. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide.

 

Trends in Healthcare Payments Annual
Report: 2010

The 2010 Trends in Healthcare Payments Annual Report demonstrates the business drivers for payers and providers and the changes they are making to operate efficiently and maintain cash flow. This report presents key market trends impacting the healthcare payments industry from an objective view in order to educate the market and promote awareness, change and greater efficiency. This report showcases quantitative data processed on the InstaMed Network and features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide.

 

Unveiling The Truth Behind Real-Time Adjudication White Paper

Ten years ago, the healthcare industry had successfully completed Y2K and was very close to completing the initial phases of the HIPAA transactional implementation. These were significant milestones for the “administrative” side of healthcare (as opposed to the “clinical” side). Since then, developing real-time adjudication (RTA) for healthcare claims has been one of the top administrative priorities for the industry. From a high-level standpoint, RTA makes sense. However, the healthcare transaction process has nuances both from a technology and business perspective, which present significant challenges to the development and adoption of RTA.

 

Healthcare Payments White Paper for Providers

The healthcare revenue cycle is complex and has many functional components, each of which requires a high degree of competency to manage. Among these functional components are two types of transactions: administrative transactions and payment transactions. Administrative Transactions primarily include eligibility, claims, claim status and remittance. Payment transactions include cash, check, credit, debit and ACH (a.k.a. EFT) from both payers and patients. This unique mix of payment sources and their dependence on administrative transactions uniquely earn these payment transactions their own category of competence. That category is “Healthcare Payments.”

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Hospital

500,000 total inpatient and outpatient visits a year
Total Value Created = $3,500,000

Billing Service

300,000 billed claims a year
25 Hospital or Office Based Clients
Total Value Created = $900,000

25 Doctor Practice

90,000 patient visits a year
Total Value Created = $400,000

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