ERA/EFT Transaction Adoption Guarantee

Increase ERA/EFT Transaction Adoption – Guaranteed

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:

Decrease print and mail costs
Eliminate or significantly reduce staff time allocated to managing multiple systems and processes for claim payments
Meet provider demands for compliant ERA/EFT transactions that fit into their existing workflow
Achieve CAQH CORE Phase III and NACHA compliance immediately

Full-Service Support and Monitoring

Proven Provider Adoption Program

In-house team of InstaMed provider adoption experts devoted to making enrollment simple and easy for providers
Ongoing, multichannel marketing with custom-made materials to help providers enroll for electronic payments

Fraud and Data Breach Prevention

Focus on KYC to protect payers against the risk of fraud and money laundering
The only regulated financial entity and clearinghouse

Daily Monitoring and Reconciliation

Visibility into every step of moving money
24/7 access to payment details and remittances

Proven Success With InstaMed and Geisinger Health Plan

“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.”

Bob Hough,
Director of Accounting Operations

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Give Your Providers the Best Experience

Easy registration — Online or paper form based on the provider preference
Completely free — No hidden costs for providers
Integrated ERA/EFT^® transactions — Enable straight-through processing, including reassociation, automated posting and reconciliation for providers
Free online portal — 24/7 access to view and print remittances plus robust summary and detail reporting
Healthcare IT system integration — InstaMed supports heterogeneous integration with healthcare IT systems for organizations of all sizes with varying levels of system complexity
Clearinghouse routing — Ability for providers to route ERAs to their existing clearinghouses so there is no change to providers workflow

Leverage the InstaMed Network

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.

Meet the Highest Levels of Security and Compliance

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.

80% ERA/EFT Transaction Adoption Guarantee