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Franklin Memorial Hospital Thrives on the InstaMed Network
Date:5/19/2009

FARMINGTON, Maine and PHILADELPHIA, May 19 /PRNewswire/ -- By utilizing InstaMed's solutions, Franklin Memorial Hospital has streamlined its payment collection processes, increased payment card transactions and decreased administrative costs. InstaMed's integrated and flexible platform allows Franklin to collect patient payments over the web, in the back office and at the point of service.

As patient responsibility continues to increase, hospitals like Franklin are proactively seeking solutions to streamline their patient payment process, cut costs and increase patient payments while reducing bad debt. With the added challenge of managing multiple payment locations, hospitals require a simple, reliable solution to process patient payments. By implementing InstaMed's PCI Level One certified solutions, which include the ability to collect in the front and back office, as well as collect from patients via the Web, Franklin has seen a 46% increase in payment card transactions contributing to a significant increase in patient revenue. Additionally, InstaMed's solutions enable Franklin to operate their entire hospital on one platform and network - offering unified real-time reporting, consolidated statements and payment posting, which delivers new actionable information where it's needed in the organization, while saving thousands of dollars in administrative overhead and third party vendor costs. Franklin now has the flexibility to instantly deploy a point of collection to any of Franklin's computers in its front and back offices at no additional cost.

Michael Nile, Business System Specialist of Franklin Memorial Hospital stated, "InstaMed has helped us increase payment card transactions, which has helped our organization thrive even through tough economic times. InstaMed's solutions have proved to be flexible and cost effective for our organization and we are also pleased that their solutions help to facilitate pat
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