InstaMed Raises $15m in Funding
Summary
InstaMed, a Philadelphia, PA-based Healthcare Payments Network, raised $15m in funding.Existing and new investors were part of the funding round.Led by Bill Marvin, President and CEO, InstaMed provides a platform that simplifies healthcare clearinghouse and payment transactions for providers and payers.It enables providers to get paid faster and payers to cut settlement and disbursement costs with electronic payments.InstaMed currently simplifies the process for 1,500+ hospitals, 70,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 60+ practice management systems.
Funding
Amount
$15.0M
Total raised
Date
September 25, 2014
Announcement date
Investors
-
Lead investors
Company
http://www.instamed.com/
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
Healthcare Software
SaaS
Payments Software
Linked Companies
InstaMed
$50M to $100M