InstaMed, a Philadelphia, PA and Newport Beach, CA-based healthcare payments network, expanded its credit facility through a new banking relationship with Bridge Bank.
The amount of the deal was not disclosed.
The new partnership will support the accelerated growth of the InstaMed Network of providers, payers and consumers.
Led by Bill Marvin, President and CEO, InstaMed is a network connecting providers, payers and consumers on one platform for all forms of payment in healthcare. InstaMed enables providers to collect more money from patients and payers while reducing the cost and time to collect and allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members.