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.