Innovation is increasingly a hidden factor in lower medical risk. Now a new InstaMed mobile payments app allows individual physicians to take online patient payments anywhere and credit it to a bank account using their iPad or mobile device. Hospitals are the biggest demand and report increased collections, particularly in locations where patients can become bad debts like the ER or at discharge. Providers automatically post payments to their practice management system which is linked to InstaMed, easily emailing patient payment receipts and access reporting on all payment transactions. The new product will enhance the health plan portal online payment sites, giving providers the ability to be paid by patients both on their plan website and in any other setting.
Article originally published by HealthPlanMarkets.