PHILADELPHIA, PA and NEWPORT BEACH, CA (August 21, 2013) – InstaMed, the leading Healthcare Payments Network, announced today that it has established a capital facility of up to $5 million. The new capital will be used to support its rapid growth in healthcare payments volume processed and the increase in healthcare providers joining the InstaMed Network.
“The number of providers on the InstaMed Network continues to grow at a fast pace, especially as more health plans and TPAs connect to InstaMed and offer new payment capabilities to their provider networks,” said Bill Marvin, co-founder, CEO and chairman of InstaMed. “As InstaMed continues to deliver new, innovative payer-to-provider and patient-to-provider payment channels that leverage our unique, integrated healthcare and payment processing platform, we expect this rapid growth to continue.”
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