PHILADELPHIA, PA and NEWPORT BEACH, CA (September 24, 2014) – InstaMed, the leading Healthcare Payments Network, announced today a $15 million funding of new capital. InstaMed will deploy the new capital to meet the increasing demand of healthcare consumerism. Existing and new investors are part of the funding round.
“The InstaMed Network reaches over one-third of the U.S. healthcare market, and with the recent launch of our billion transaction infrastructure, we will continue to scale,” said Bill Marvin, President and CEO of InstaMed. “As the only platform built for payment and healthcare clearinghouse functionality, we are uniquely positioned to meet and exceed the growing demands of consumerism for all healthcare organizations, including both providers and payers.”
InstaMed is supported by a broad investor base, including four funds and four publicly traded companies.
To stay informed about InstaMed’s educational webinars, white papers, market reports and articles, follow InstaMed’s healthcare payments blog: www.instamed.com/about/blog.
InstaMed simplifies every healthcare clearinghouse and payment transaction for providers and payers, all in one place. InstaMed enables providers to collect more money, get paid faster and reduce the time and costs to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments. InstaMed’s single, integrated network simplifies the healthcare payments process for 1,500+ hospitals, 70,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 60+ practice management systems. InstaMed processes tens of billions in healthcare payments each year at a rate of more than $1,500 per second. Visit InstaMed on the web at www.instamed.com.
InstaMed Public Relations