InstaMed, a Philadelphia, PA-based Healthcare Payments Network, raised $15m in funding.
Existing and new investors were part of the funding round.
The company intends to use the funds to continue to scale operations, including four funds and four publicly traded companies.
Led by Bill Marvin, President and CEO, InstaMed provides a platform that simplifies healthcare clearinghouse and payment transactions for providers and payers. It enables providers to get paid faster and payers to cut settlement and disbursement costs with electronic payments. InstaMed currently simplifies the process for 1,500+ hospitals, 70,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 60+ practice management systems.
FinSMEs
25/09/2014