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InstaMed Tips & Tricks

Get the most out of your InstaMed account.

Every month, a member of our Product team will show you some helpful shortcuts to navigate InstaMed Online. Our goal is to make it as easy as possible for you to get the most out of your InstaMed account, regardless of your experience level or account type.

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July Tips & Tricks

EDI Enrollment

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3 Opportunities to Enhance Payment Security at Your Practice

Offering patients multiple ways to pay is the best way to engage patients in the payment process and maximize your patient payment collections. However, new payment options can lead to increased security risks if providers do not take the proper precautions. With data breaches threatening serious financial and reputational repercussions, providers should look for ways to enhance security and protect sensitive payment information.

Here are three opportunities to enhance payment security at your practice:

Point-of-Service

Many providers accept credit cards in the office

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New Year’s Resolution for Providers: Increase Patient Payments

At the beginning of every year, health plan deductibles reset and patients are required to meet their out-of-pocket limit for healthcare services before their insurance benefits begin. With high deductible health plans expected to increase by 8% to $6,480 for a family plan in 2016 (HealthPocket.com), it is crucial that providers understand how to maximize the collection of patient payment responsibility.

This month, we outline three best practices to help providers of all sizes make 2016 the year of collecting more

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Latest Trends in Healthcare Payments for Providers and Payers

The latest trends in the healthcare industry — the rise in consumerism, increase of costs and new regulatory mandates — are driving change in the healthcare payments process. As health insurance premiums continue to grow, employers are switching to lower cost, high-deductible plans, resulting in an overall decrease in payer payments and, consequently, an increase in patient payments. As a percentage of provider revenue, in 2009, payer payments represented 79% of the allowed amount, while patient payments represented 21%. In

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