PHILADELPHIA, PA and NEWPORT BEACH, CA (June 15, 2016) – InstaMed, healthcare’s most trusted payments network, has released the 2015 Trends in Healthcare Payments Annual Report. This is the sixth annual report from InstaMed and features key healthcare payments market trends impacting providers, payers and consumers. This year’s report focuses on four areas challenging the healthcare payments industry: the sweeping shift to consumer payment responsibility; consumerism’s demands on providers and payers; the unsustainability of paper processes; and increased security risks for healthcare payments. The purpose of the report is to objectively educate the market and promote awareness, change and greater efficiency.
The 2015 Trends in Healthcare Payments Annual Report is available to the public free of charge at www.instamed.com/trends
Now in its sixth year, the 2015 Trends in Healthcare Payments Annual Report features qualitative market data from providers, payers and consumers through surveys commissioned by InstaMed and conducted by LHK Partners, an independent, global research company. The report also represents quantitative data from the InstaMed Network representing $165 billion in healthcare payments volume.
“The InstaMed Network brings together providers, payers and consumers for the business of healthcare and processes billions of dollars in healthcare payments per month. This unique vantage point combined with quantitative and qualitative data yield key insights in the healthcare payments market,” said Bill Marvin, President and CEO of InstaMed. “For the past six years, we have made the Trends report available to the public at no cost to highlight the opportunities that exist to make the healthcare payments experience better for all stakeholders.”
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.