PHILADELPHIA, PA (May 26, 2015) – InstaMed, the leading Healthcare Payments Network, has announced the release of the 2014 Trends in Healthcare Payments Annual Report. This is the fifth year for the report compiled by InstaMed and features key market trends impacting the healthcare payments industry. These trends are based on quantitative data derived from the InstaMed Network and qualitative proprietary survey data from healthcare providers, payers and consumers. The purpose of the report is to present key market trends that affect the healthcare payments industry and educate and promote awareness, change and greater efficiency within the marketplace.
The 2014 Trends in Healthcare Payments Annual Report is available to the public free of charge at www.instamed.com.
The report shows that consumerism is growing in healthcare for both providers and payers and that the industry as a whole needs to take steps to become more consumer-centric. “The InstaMed Network has processed hundreds-of-billions of dollars in healthcare payments to date, which gives us a unique perspective on healthcare payment trends, including the growth in consumer payment responsibility,” said Bill Marvin, President and CEO of InstaMed. “With the release of this annual report, we are leveraging our unique vantage point to educate the industry and promote awareness, change and greater efficiency in healthcare payments.”
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.