PHILADELPHIA, PA and NEWPORT BEACH, CA (September 24, 2014) – InstaMed, the leading Healthcare Payments Network, announced today a $15 million funding of new capital. InstaMed will deploy the new capital to meet the increasing demand of healthcare consumerism. Existing and new investors are part of the funding round.
“The InstaMed Network reaches over one-third of the U.S. healthcare market, and with the recent launch of our billion transaction infrastructure, we will continue to scale,” said Bill Marvin, President and CEO of InstaMed. “As the only platform built for payment and healthcare clearinghouse functionality, we are uniquely positioned to meet and exceed the growing demands of consumerism for all healthcare organizations, including both providers and payers.”
InstaMed is supported by a broad investor base, including four funds and four publicly traded companies.
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