PHILADELPHIA, PA and NEWPORT BEACH, CA (January 22, 2018) – InstaMed, healthcare’s most trusted payments network, announced today the appointment of Frank McAnally as Chief Financial Officer. McAnally joins InstaMed from Fidelity National Information Services Inc. (FIS) where he was Chief Financial Officer of the Institutional and Wholesale business responsible for over $2 billion in annual revenues. McAnally brings with him an extensive background in corporate finance, treasury, financial planning and analysis, tax and risk management along with a deep appreciation for InstaMed and its unique position to streamline healthcare payments for consumers, providers and payers.
As CFO, McAnally will report directly to Bill Marvin, InstaMed’s President, Chief Executive Officer and Co-Founder. “I am delighted to welcome Frank to InstaMed. His deep experience in financial services and transaction processing will be an asset to the company,” said Marvin. “Throughout his career, Frank has built up extensive operational and corporate development experience with financial services and transaction processing businesses. I believe his perspective and his track record of execution will help us scale and accelerate the growth of our business.”
“I can’t imagine a more exciting time to join InstaMed,” McAnally said. “InstaMed is leading the way in transforming the healthcare payments experience for consumers, providers and payers. Bill and his team have built an incredible company, and I’m thrilled to be a part of it.”
Prior to FIS, McAnally was with global FinTech leader SunGard Data Systems for 16 years, rising within the organization to become its Global Head of Financial Planning and Analysis. In 2015, McAnally helped lead the corporate finance team in a successful liquidity event, concluding with the strategic sale of SunGard to FIS valued at $9.1 billion. Frank graduated from Villanova University with a Bachelor of Science in Business Administration in Finance and holds a Masters of Business Administration from Drexel University. Frank is a Certified Public Accountant. He focuses his volunteer efforts with the Delaware Valley Cystic Fibrosis Foundation where he was a 2017 Philly’s Finest Honoree.
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed enables providers to collect more money from patients and payers while reducing the cost and time to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members. Visit InstaMed on the web at www.instamed.com.