InstaMed Launches Blockchain Prototype at the InstaMed Healthcare Payments Summit 2019

InstaMed Logo.jpg

Philadelphia, PA (Apr 3, 2019) - InstaMed, healthcare’s most trusted payments network, announced today that it released a blockchain prototype at the InstaMed Healthcare Payments Summit. InstaMed’s Innovation team debuted a working app to demonstrate how blockchain technology could be leveraged for the interaction points among providers, payers and consumers including claim submission, claim adjudication, claim payment, patient billing and patient payment. InstaMed built the blockchain prototype on HL7 FIHR v4.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190403005135/en/

Providers and payers nationwide are challenged to find ways to cut costs and drive efficiency in their organizations while also facing pressure to create better consumer experiences. InstaMed developed a blockchain prototype that offers a way to significantly reduce manual processes and paper communications while giving all stakeholders the visibility into the full lifecycle of a patient encounter.

“Since Bill Marvin and I co-founded InstaMed in 2004, we have been passionate believers in bringing connectivity to healthcare payments. We have participated in creating industry standards for driving the electronic movement of healthcare data and money,” said Chris Seib, Chief Technology Officer of InstaMed. “The InstaMed Innovation team is constantly looking at the latest trends in technology, and it made sense to explore ways to use blockchain technology in healthcare payments with its potential to increase connectivity among all stakeholders. The InstaMed Healthcare Payments Summit gave us a great opportunity to get real-time feedback on our blockchain prototype from leading providers and payers. We’re excited about the momentum and possibilities coming out of the conference.”

InstaMed has an open call for industry participants to join the conversation around blockchain in healthcare payments. Learn more about InstaMed’s blockchain prototype and view a video overview at www.instamed.com/blockchain.

About InstaMed

InstaMed powers a better healthcare payments experience on one platform that connects consumers, providers and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money and healthcare data seamlessly and improving consumer satisfaction. Everyone benefits from InstaMed’s exclusive focus on healthcare, integration into any healthcare IT system, robust analytics and proven scale.

About Carrick Capital Partners
Who We Are
A firm of enterprise software, SaaS, and technology enabled services investors and operating executives with substantial experience founding, scaling, and optimizing market leading businesses.
Our Approach
We work with management to identify and improve critical areas of their business - focusing on the priorities that align with our experiences and that will deliver the highest strategic impact in both the short-term and long-run.
Why We Are Different
We have a concentrated number of companies in our portfolio so that we can build substantial relationships with each management team and ensure our firm's commitment to each company's goals.
Latest News
Axiom Logo.jpg
After Spin-Out from Axiom, Legal Innovator Enters New Phase of Growth; Investors Double Down on their Commitment to the Company
January 15, 2020
Saviynt Logo.jpg
Los Angeles, CA (January 13, 2020) - Saviynt (www.saviynt.com), an industry leader pioneering Identity 3.0 - a disruptive, converged Identity Governance, Application GRC, and Cloud Privileged Access Management solution, announced the expansion of its leadership team, appointing Todd Rotger as the Company’s Chief Revenue Officer.
January 13, 2020
Complia Logo.jpg
Complia Health refocuses on US-based home health and hospice technology solutions with the strategic divestment of the Procura division based in Canada, Australia and New Zealand.
January 6, 2020