PHILADELPHIA--(BUSINESS WIRE)--InstaMed, the leading Healthcare Payments Network, has announced the release of the 2014 Trends in Healthcare Payments Annual Report. This is the fifth year for the report compiled by InstaMed and features key market trends impacting the healthcare payments industry. These trends are based on quantitative data derived from the InstaMed Network and qualitative proprietary survey data from healthcare providers, payers and consumers. The purpose of the report is to present key market trends that affect the healthcare payments industry and educate and promote awareness, change and greater efficiency within the marketplace.
The 2014 Trends in Healthcare Payments Annual Report is available to the public free of charge at www.instamed.com.
The report shows that consumerism is growing in healthcare for both providers and payers and that the industry as a whole needs to take steps to become more consumer-centric. “The InstaMed Network has processed hundreds-of-billions of dollars in healthcare payments to date, which gives us a unique perspective on healthcare payment trends, including the growth in consumer payment responsibility," said Bill Marvin, President and CEO of InstaMed. "With the release of this annual report, we are leveraging our unique vantage point to educate the industry and promote awareness, change and greater efficiency in healthcare payments.”
The InstaMed Network simplifies every healthcare clearinghouse and payment transaction for providers and payers, all in one place. InstaMed enables providers to collect more money, get paid faster and reduce the time and costs to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members. InstaMed’s single, integrated network simplifies the healthcare payments process and reaches over two-thirds of the market in the U.S., including hospitals, practices/clinics, billing services, practice management systems and healthcare payers. Visit InstaMed on the web at www.instamed.com.