Providers of all sizes get paid faster and through more channels than ever before with the InstaMed Healthcare Payments Account
PHILADELPHIA, PA and NEWPORT BEACH, CA (April 23, 2013) – InstaMed, the leading Healthcare Payments Network, announced today that it has launched the InstaMed Healthcare Payments Account, which revolutionizes the way providers get paid from payers and patients. With the InstaMed Healthcare Payments Account, providers of all sizes, from solo physician practices to large hospitals, get paid faster and through more channels to increase payments, reduce bad debt and cut collection costs.
“The InstaMed Healthcare Payments Account is a new concept in the healthcare industry that transforms the flow of money to providers,” said Bill Marvin, President and CEO of InstaMed. “By delivering a simplified approach to the complexities of getting paid in healthcare, we are enabling providers to collect more payments, get paid faster and operate more efficiently.”
About the InstaMed Healthcare Payments Account
Any healthcare provider can register for an InstaMed Healthcare Payments Account free of charge. Once activated, the account enables providers to collect more patient payments by accepting all payment types at every patient interaction point. Additionally, providers can receive Integrated ERA/EFT® (electronic remittance advice/electronic funds transfer) from payers for free. The Integrated ERA/EFT® transaction enables providers to get paid faster and reduce the time to post and reconcile payer payments. With an InstaMed Healthcare Payments Account, providers also collect, post and reconcile every payment in one place and use InstaMed’s robust reporting tools to easily access claim and payment details.