InstaMed Releases 2011 Trends in Healthcare Payments Annual Report

PHILADELPHIA--(BUSINESS WIRE)-- InstaMed, the leading Healthcare Payments Network, has announced the release of the 2011 Trends in Healthcare Payments Annual Report. This report features healthcare payment-related trends and data from the InstaMed Network, which powers healthcare payments for over 200,000 providers nationally.

“Our second annual report shows our commitment to educating the market and promoting awareness, change and greater efficiency across the industry,” said Bill Marvin, President and CEO of InstaMed. “By leveraging data from the InstaMed Network, we are able to present comprehensive data, representing all constituents of the healthcare payments process from all 50 states. We believe that sharing our data, knowledge and insight into healthcare payments is important to the communities of providers, payers, patients and service providers.”

The data released in this report demonstrates the changes impacting the healthcare industry, as the rise of consumerism and healthcare reform drives higher patient responsibility and the need for greater administrative efficiency. As the industry evolves, there will be an increasing need for participants to utilize different payment methods, including electronic payer and patient payments, to reduce bad debt and to operate more efficiently.

The report also features trends based on qualitative data obtained from healthcare providers, payers and patients nationwide. The 2011 Trends in Healthcare Payments Annual Report is available to the public free of charge at www.instamed.com.

About InstaMed

InstaMed’s Healthcare Payments Network transforms the business of healthcare by connecting healthcare providers, payers and patients for highly secure and mission critical communications, administrative transactions and payments. Leveraging a single, integrated network in its private cloud, InstaMed supports healthcare clearinghouse, eligibility, estimation, patient and payer payment and patient billing transactions. InstaMed’s solutions deliver payment assurance to providers, enable payers to disburse payments at a lower cost with fewer incidents of fraud, and give patients a simple, convenient and secure way to pay. The InstaMed Network powers healthcare payments for over 200,000 providers nationally with tens of billions of dollars in healthcare payments processed. Visit InstaMed on the web at www.instamed.com.



CONTACT:

InstaMed Public Relations
Jillian Longpre, 215-789-3685
[email protected]

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:   Technology  Data Management  Networks  Software  Practice Management  Health  Hospitals  Other Health  Professional Services  Banking  Insurance  General Health  Managed Care

MEDIA:

Logo
 Logo

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.