BALTIMORE, MD (April 14, 2010) – At the HBMA 2010 Spring Educational Conference this week, InstaMed, the industry leading healthcare payments company, announced an initiative to help billing services meet payment industry compliance standards. As an EHNAC accredited healthcare clearinghouse and a certified PCI Level One Service Provider registered with Visa and MasterCard, InstaMed’s solutions enable a billing service to deposit client funds received from patients and payers directly into each client’s bank account, ensuring compliance while improving workflow and other efficiencies.
“As a business that is exclusively focused on healthcare payments, InstaMed is intimately aware of the challenges that a billing service faces to grow its business and conduct day to day operations while remaining compliant with healthcare and payment industry standards. We offer billing services peace of mind as a result of our compliance and industry expertise,” stated Bill Marvin, President and CEO of InstaMed.
InstaMed’s payment solutions are built specifically for billing services to support the payment processing needs of office-based and hospital-based clients. The company allows billing services and their clients to accept all forms of payment including Credit/Debit, HSA, FSA, HRA, eCheck and Cash and establish flexible payment options including payment plans. InstaMed also offers healthcare transaction solutions for Eligibility, Claims, Claim Status and Remittance on its proprietary network of real-time and batch payer connections, the largest and most reliable in the industry.
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