InstaMed Guarantees Results for Payers
Payers who partner with InstaMed to deliver all of their provider payments are guaranteed an ERA/EFT transaction adoption rate of at least 80% within the first 12 months of go-live.
The benefits of delivering 80+% ERA/EFT transactions through InstaMed:
Proven Provider Adoption Program
Fraud and Data Breach Prevention
Daily Monitoring and Reconciliation
“Within three months of launching InstaMed to our providers, more than 60% of our transactions were delivered through ERA/EFT. The InstaMed team worked with us to increase adoption of ERA/EFT using numerous provider communications across many channels. We have received positive feedback from providers about their experience with InstaMed.”
The InstaMed Network connects over half of the healthcare market. Once a healthcare provider is registered on the InstaMed Network, they can receive Integrated ERA/EFT transactions from every payer using the InstaMed Disbursement Hub solution. Payers partner with InstaMed to immediately connect to our national network.
InstaMed registers new providers on the InstaMed Network every day through its ongoing Provider Adoption Program. The Provider Adoption Program utilizes multiple outreach channels to encourage providers to enroll for electronic payments. InstaMed manages all aspects of the Provider Adoption Program so there is little-to-no impact on the payer’s resources. As a result of the InstaMed Network, InstaMed’s payer customers have realized ERA/EFT transaction adoption rates significantly higher than industry averages.
With InstaMed, payers leverage the only market offering regulated as the bank, payment processor, card issuer and integrated healthcare clearinghouse in one place. InstaMed is independently certified and audited at the highest levels for both healthcare and payment processing.
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