PHILADELPHIA, PA and NEWPORT BEACH, CA (March 13, 2012) – InstaMed, the leading Healthcare Payments Network, announced today that it has processed more than $30 billion in healthcare payments since its inception. For the 2012 calendar year, the Company projects that it will process $20 billion in healthcare payments. InstaMed was founded in 2004 and had its first full year of commercialization in 2008.
“With the increase in patient payment responsibility and healthcare reform, the healthcare payments industry needs to achieve greater efficiency,” said Bill Marvin, President and CEO of InstaMed. “InstaMed delivers efficiency by enabling providers, payers and patients to conduct business on a single, integrated network in our private cloud. With $2.6 trillion per year flowing through the industry, we are just beginning to transform healthcare payments.”
As thought leaders in the healthcare payments industry, InstaMed frequently produces white papers, market reports, articles and educational webinars. InstaMed’s next webinar on March 22, 2012, will focus on the healthcare payer segment: Payment Strategies for Healthcare: Reduce Costs, Streamline Provider Payments and Meet Reform Mandates.
To stay informed about InstaMed’s white papers, market reports, articles and educational webinars, follow InstaMed’s healthcare payments blog.