Navigation Links
InstaMed Pledges Support for Project SwipeIT with Patient ID Swipe Card Solutions for Provider Acceptance and Payer Issuance
Date:3/11/2009

PHILADELPHIA and NEWPORT BEACH, Calif., March 11 /PRNewswire/ -- InstaMed pledged its support today for the Medical Group Management Association's (MGMA) Project SwipeIT. This industry-wide initiative is intended to build coalescence among insurers, vendors and providers in order to drive the creation and adoption of standardized, machine readable patient ID cards by January 1, 2010. MGMA currently estimates that broad use of such technology would result in combined annual savings of one billion dollars for physician groups and hospitals.

InstaMed also re-affirmed its commitment to improving the way patients, providers and payers communicate by virtue of its patent pending technology and platform, which powers the company's end-to-end approach to patient ID automation. InstaMed's approach to automated patient verification ranges from its point of service swipe capabilities for providers, to its card issuance solutions for payers. InstaMed is uniquely positioned as an integrated, real-time healthcare clearinghouse and payment processor and also as an issuer of machine readable cards and automation solutions for payers.

William F. Jessee, MD, FACMPE, President and CEO of MGMA stated, "We welcome InstaMed to this important industry initiative that includes UnitedHealth Group, Humana, Availity and Emdeon. InstaMed has demonstrated innovation and early market leadership for patient ID swipe capabilities both with payers, providers and the payment networks. We are excited to have InstaMed join this rapidly growing industry initiative."

In 2006, InstaMed launched its Automated Eligibility solution, which included the ability for providers to use the InstaMed Smart Reader - which plugs into any laptop or desktop - in order to swipe health insurance cards, launch real-time eligibility transactions, and view results on the InstaMed Online web-based platform. This same Smart Reader is compatible with InstaMed Payment Transactions, enabling providers to collect patient payments in the Front Office, Back Office and via a web-based portal. Since then, demand for these solutions has continued to increase and the industry is poised to welcome wide-spread deployment of machine readable patient ID cards and the resulting benefits from increased automation and fewer phone calls.

Chris Seib, Chief Technology Officer of InstaMed stated, "We applaud MGMA's efforts to foster industry-wide adoption of swipe based healthcare ID cards. InstaMed will continue to support all known healthcare ID card formats, while also enabling health plans to issue compatible ID cards."

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 700 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 a registered TPP with Visa and MasterCard and 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.


'/>"/>
SOURCE InstaMed
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Many Teens Dont Keep Virginity Pledges
2. Woodruff Foundation pledges $3 million toward MCG dental building
3. Vikings Wide Receiver Bernard Berrian Pledges Up to $10,000 to Second Harvest Heartland; Challenges the Community and Fellow Vikings to Help Feed the Hungry This Holiday Season
4. KICKING FOR A CAUSE: Beachbody Pledges $1 million if Akers Breaks NFL Longest Field Goal
5. Medicaid Health Plans of America Congratulates President-Elect Barack Obama on His Historic Victory and Pledges Its Full Cooperation on Finding Solutions to the Nations Health Care Challenges
6. Senator Dean Barkley Pledges Action on HIV/AIDS Epidemic
7. Study finds virginity pledges may help postpone intercourse among youth
8. ACP pledges support for Medicare improvements for Patients and Providers Act of 2008
9. Racing Professional Steve Marcus Pledges Season BMW Proceeds to Morris Animal Foundations Meishas Hope Fund
10. Charles Lafitte Foundation Pledges $1 Million to the American Cancer Societys Hope Lodge
11. DuPont Pledges $1 Million to World Food Prize
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... Despite last week’s media reports hinting at ... company to wait until March 2017 for an interest rate increase, according to Rajeev ... of Business. , “The Federal Open Market Committee (FOMC) dot charts are of interest ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... ... with discovery of thousands of defective respirators, according to court documents and SEC ... case of William and Becky Tyler v. American Optical Corporation, Case No. BC588866, ...
(Date:5/26/2016)... ... May 26, 2016 , ... Connor Sports, ... as a partner for the Tamika Catchings Legacy Tour that will commemorate ... leader in hardwood basketball surfaces in all forms and levels of the game, Connor ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... a significant negative impact on long-term patient survival, reports a team of UPMC ... online this week in the Journal of Thoracic and Cardiovascular Surgery, provide critical ...
(Date:5/26/2016)... ... May 26, 2016 , ... Catalent Pharma Solutions, the ... consumer health and global clinical supply services, today announced two key appointments and ... continued investment and strategic growth plans in the Asia Pacific region. , Howard ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... , Germany and ... QIAGEN N.V. (NASDAQ: QGEN ; Frankfurt Prime ... a licensing and co-development agreement with Therawis Diagnostics GmbH to ... will be to develop and market PITX2 as a marker ... other high-risk breast cancer patients. "We are pleased ...
(Date:5/25/2016)... 25, 2016 As illustrated by ... this month, the numbers and momentum of cannabis in ... into the billions, more research and development push the ... State of Legal Marijuana Markets Report  from from ArcView ... much of the increase in sector is attributed to ...
(Date:5/25/2016)... , May 25, 2016 ... the precision of circulating tumour DNA (ctDNA) analysis ... the appointment of Professor Clive Morris ... leadership across the clinical development programme, scientific collaborations, ... help deliver significant improvements in clinical outcomes for ...
Breaking Medicine Technology: