Acquiring Philadelphia, Pennsylvania-based InstaMed helps to expand JPMorgan's corporate payments business into the lucrative healthcare space. U.S. healthcare spending clocks in at more than $3 trillion annually and is expected to grow to $6 trillion by 2027.
As patients shoulder a bigger portion of the healthcare cost burden, medical billing companies are tweaking their healthcare technology tools as well. InstaMed has developed an app for providers that helps them respond to the trend of patients increasingly paying for medical bills using mhealth services. InstaMed, which likes to refer to itself as the […]
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
A privately held East Coast healthcare payment solutions provider described by the CEO as the “PayPal of Healthcare” has raised $14 million and is using the capital to increase its headroom to boost the amount of transactions it processes. InstaMed, based in Philadelphia, uses a private cloud network to work with healthcare providers, insurers and […]
Healthcare payments network InstaMed has collected another $6 million from investors for a total of $22 million in debt and equity since its 2004 start. The company will invest the money in its healthcare clearinghouse and payment transaction infrastructure.