PHILADELPHIA, PA and NEWPORT BEACH, CA (March 13, 2012) – InstaMed, the leading Healthcare Payments Network, announced today that it has processed more than $30 billion in healthcare payments since its inception. For the 2012 calendar year, the Company projects that it will process $20 billion in healthcare payments. InstaMed was founded in 2004 and had its first full year of commercialization in 2008.
“With the increase in patient payment responsibility and healthcare reform, the healthcare payments industry needs to achieve greater efficiency,” said Bill Marvin, President and CEO of InstaMed. “InstaMed delivers efficiency by enabling providers, payers and patients to conduct business on a single, integrated network in our private cloud. With $2.6 trillion per year flowing through the industry, we are just beginning to transform healthcare payments.”
As thought leaders in the healthcare payments industry, InstaMed frequently produces white papers, market reports, articles and educational webinars. InstaMed’s next webinar on March 22, 2012, will focus on the healthcare payer segment: Payment Strategies for Healthcare: Reduce Costs, Streamline Provider Payments and Meet Reform Mandates.
To stay informed about InstaMed’s white papers, market reports, articles and educational webinars, follow InstaMed’s healthcare payments blog: www.instamed.com/about/blog.
InstaMed’s Healthcare Payments Network transforms the business of healthcare by connecting healthcare providers, payers and patients for highly secure and mission critical communications, administrative transactions and payments. Leveraging a single, integrated network in its private cloud, InstaMed supports healthcare clearinghouse, eligibility, estimation, patient and payer payment and patient billing transactions. InstaMed’s solutions deliver payment assurance to providers, enable payers to disburse payments at a lower cost with fewer incidents of fraud, and give patients a simple, convenient and secure way to pay. The InstaMed Network powers healthcare payments for over 200,000 providers nationally with tens of billions of dollars in healthcare payments processed. Visit InstaMed on the web at www.instamed.com.
InstaMed Public Relations