InstaMed: Streamlining Healthcare Payments
By Kathryn Ward

Some of the most complex issues in healthcare today involve healthcare payments, and Philadelphia’s InstaMed is working to address these issues.

InstaMed’s President and CEO Bill Marvin co-founded the Philadelphia company in 2004. He says, “InstaMed provides financial services that streamline healthcare payment processes for healthcare providers such as health systems and doctors; health insurance companies, also known as healthcare payers; and patients.”

The company provides credit, debit, and payment services to healthcare providers. It also offers clearinghouse services, taking medical claims and transmitting them electronically, as well as eligibility transactions, validating whether a patient is an up-to-date member of a particular health plan.

Marvin started InstaMed in his condo, and today the company...

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