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InstaMed Announces the Release of InstaMed Connect for Integrated Real-Time Healthcare and Payment Transactions
Date:1/14/2010

PHILADELPHIA, Jan. 14 /PRNewswire/ -- InstaMed announced today the release of InstaMed Connect, the healthcare industry's first fully integrated and open Application Programming Interface (API) enabling healthcare systems of all kinds to integrate with InstaMed's industry leading platform and network.  There are currently over 40 vendors and more than 550 healthcare provider practices and hospital accounts using InstaMed Connect, which was previously known as InstaMed Transaction Services and has been innovated and developed over the past four years.

InstaMed Connect is an API that integrates any patient accounting system, website, kiosk or point of service system directly into the InstaMed Platform to give healthcare providers access to real-time and batch healthcare transactions and real-time payment transactions.  Systems that integrate with InstaMed Connect enable users to submit and track all of these transactions on a single system, eliminating the need for multiple systems and websites.  InstaMed Connect expands a system's product capabilities to give users a more complete transaction solution.  

Systems that integrate with InstaMed Connect enable users to verify a patient's insurance coverage and check claim status in real-time and batch modes.  These systems also support electronic remittance advice for automated posting and real-time claims submission with coding and eligibility edits to ensure cleaner claims and fewer rejections.  InstaMed Connect delivers the structure and security necessary to process all forms of payment, including all credit, debit, gift and healthcare card transactions.  Users can save patient payment plans securely for future payments.  InstaMed Connect also supports Offline Debit, Check 21, ACH and Remote Deposit.  All of the information processed on InstaMed is protected and secured at the highest levels of compliance for both healthcare and payment data.  InstaMed also helps system integrators with PCI compliance before any transactions go live as part of the InstaMed Connect certification process.

There are several easy and flexible ways for system integrators to use InstaMed Connect, including state of the art web services, XML and EDI.  InstaMed Connect includes a complete set of application programming interfaces, documentation, sample code and access to test and production environments.  Integrating with InstaMed's platform and network provides connectivity to a large and secure network of over 440 payers for Eligibility, over 2,800 payers for Claims, over 280 payers for Remittance and over 170 payers for Claim Status.  The InstaMed network also includes connectivity to Visa, MasterCard, American Express and Discover as well as processing for paper and electronic checks.  All of InstaMed's solutions are backed up by the InstaMed Service Guarantee, ensuring complete customer satisfaction.

"InstaMed Connect will help the market achieve a more integrated experience that saves time and increases the number of transactions processed in any healthcare environment.  This newly improved product delivers a one-stop-shop for all healthcare revenue cycle transactions, which enables system integrators to quickly innovate and deliver enhanced solutions to users without incurring the costs and effort to build and maintain a transaction processing infrastructure," stated Bill Marvin, President and CEO of InstaMed.  

InstaMed Connect is available through the InstaMed Partner Program, which is tailored to financial service providers (FSPs) such as banks and healthcare service providers (HSPs) such as vendors delivering patient accounting, patient information, website, kiosk, lock box and billing service solutions.

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 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. Through its channel partner relationships, InstaMed currently supports the healthcare payment processing needs of all types of providers, from solo practitioners to billion dollar health systems; and hundreds of healthcare payers of all sizes. InstaMed is registered with Visa and MasterCard and is certified as a Payment Card Industry Data Security Standards (PCI-DSS) Level One Service Provider. InstaMed is also fully accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) as a healthcare clearinghouse.  Visit InstaMed on the web at www.instamed.com.

SOURCE InstaMed

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