PHILADELPHIA, PA (March 26, 2013) – InstaMed, the leading Healthcare Payments Network, has announced the release of the 2012 Trends in Healthcare Payments Annual Report, its third annual report. This report features key market trends impacting the healthcare payments industry in order to promote awareness, change and greater efficiency.
The report presents quantitative and qualitative data from the InstaMed Network, which includes $60 billion in healthcare payments volume from thousands of providers and payers. The latest trends featured in this report include the drive for payers and providers to expand consumer payment channels, the growing need for system interoperability with healthcare payments and the increased support for ERA/EFT (electronic remittance advice/electronic funds transfer) among payers.
The 2012 Trends in Healthcare Payments Annual Report is available to the public free of charge at www.instamed.com.
“We strongly believe that educating the market about trends and best practices will accelerate change in the industry toward achieving greater efficiency,” said Bill Marvin, President and CEO of InstaMed. “As the InstaMed Network powers healthcare payments for thousands of payers and providers of all sizes in all 50 states, we have a unique vantage point to report on healthcare payment trends across the industry.”
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 400+ hospitals, 60,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 50+ practice management systems. InstaMed processes tens of billions in healthcare payments each year at a rate of more than $1,000 per second. Visit InstaMed on the web at www.instamed.com.
InstaMed Public Relations