InstaMed(R) Announces Release of Healthcare Payments White Paper for Payers

SAN FRANCISCO, June 19 /PRNewswire/ -- InstaMed announced today the
release of its second white paper focused on the growing business problem of
Payment Assurance between Payers and Patients as Health Plan Members take on
greater payment responsibility. The white paper introduces a Payment
Assurance Framework for Payers and areas of opportunity that Payers can
address as network discounts come under attack and threaten the Payer value
proposition to employers. The paper was released at the America's Health
Insurance Plans (AHIP) 2008 Institute.
"Money is at the heart of the relationship between Payers and Providers
and network discounts are directly related to the number of Patient visits and
the level of Payment Assurance that a Payer can deliver to a Provider. As
Member responsibility rises, a Provider's cost to collect and bad debt also
increase. For a Provider to maintain its operating income in this
environment, it must increase revenue per visit, increase patient visits, or
improve its Patient collection efficiency," said Bill Marvin, President and
CEO, InstaMed. "Payers can help by delivering greater Payment Assurance and
subsequently benefit through increased Provider network satisfaction and lower
administrative costs. Our white paper examines these challenges and
opportunities for Payers looking to innovate new Payment Assurance models as
benefit structures evolve towards consumerism."
The white paper is available free of charge on InstaMed's web site at
www.instamed.com.
About InstaMed
InstaMed is the industry leading healthcare payments network and platform.
InstaMed's mission is to transform the healthcare payment process for
healthcare Providers, Payers, Banks and Patients so their payment experience
is simple, convenient, reliable and secure. InstaMed processes all of the
healthcare and payment transactions in the healthcare revenue cycle and offers
patent pending, integrated healthcare and payment transactions that accelerate
the healthcare payment process and reduce the administrative costs to all
parties. InstaMed currently supports the healthcare payment processing needs
of over 600 hospital and clinic locations; practice management vendors and
billing services representing over 50,000 providers; and hundreds of
healthcare payers of all sizes. InstaMed is registered with Visa and
MasterCard as a PSP of U.S. Bank. InstaMed is Payment Card Industry Level One
certified and fully accredited by the Electronic Healthcare Network
Accreditation Commission as a healthcare clearinghouse. InstaMed is an AHIP
Solutions Partner (America's Health Insurance Plans), a member of the C.O.R.E.
Initiative (Committee on Operating Rules for Information Exchange), the
Medical Banking Project, ASC X12, HBMA (Healthcare Billing & Management
Association), Electronic Payments Network ACH Association Services, and WEDI
(Workgroup for Electronic Data Interchange). Visit InstaMed on the web at
www.instamed.com.
Media Contact:
Russell LaMontagne
(917) 744-7957
russell@corinthgroup.com

SOURCE InstaMed

Russell LaMontagne of Corinth Group Communications for InstaMed,
+1-917-744-7957, russell@corinthgroup.com