PHILADELPHIA, PA and NEWPORT BEACH, CA (July 16, 2013) – InstaMed, the leading Healthcare Payments Network, announced today that healthcare providers of all sizes now can register and immediately start accepting electronic payer and patient payments on the InstaMed Network.
“InstaMed is transforming the payment experience for healthcare providers, billing services, revenue cycle vendors and financial service providers by delivering new payment channels and enabling providers to start collecting payments immediately,” said Bill Marvin, President and CEO of InstaMed. “This innovative approach helps our partners and payers accelerate provider adoption of electronic payer and patient payments.”
With an InstaMed Healthcare Payments Account, providers of all sizes, from single physician practices to large hospitals, get paid faster and through more channels to increase payments, reduce bad debt and cut collection costs. Additionally, providers can receive Integrated ERA/EFT® transactions from payers for free.
InstaMed simplifies every healthcare clearinghouse and payment transaction for providers and payers, all in one place. InstaMed allows payers to cut settlement and disbursement costs with electronic payments. InstaMed enables providers to collect more money, get paid faster and reduce the time and costs to collect. 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.