InstaMed, healthcares most trusted payments network, announced today that it has expanded its Philadelphia headquarters, adding a third floor at 18th and JFK Boulevard. The new space will be anchored by the InstaMed Collaboration Center, a 3,200 square foot space to be used by payers, providers, consumers and healthcare IT vendors for innovation, demonstrations, training sessions and company meetings all intended to foster continued innovation that powers better healthcare payments experiences. Additionally, InstaMed will open its Collaboration Center to other creators and innovators in the Philadelphia business community with the belief that great achievements and innovations can be ignited and realized through collaboration.
InstaMed has grown to become the largest privately held Fintech and Healthcare IT company headquartered in Philadelphia with more than 275 employees. InstaMeds growth has been fueled by building innovative, scalable solutions for healthcare providers and payers to address the rise in consumer healthcare expenses along with the need for the healthcare industry to move from legacy paper based transactions to electronic transactions. The InstaMed Network will process over $70 billion in healthcare payments in 2018 while connecting providers, payers and consumers for a better healthcare payments experience.
InstaMed is exclusively focused on healthcare payments and is committed to building a single network that simplifies the healthcare payments experience for all providers, payers and consumers. Collaboration has always been a key factor in our journey towards accomplishing this complex mission, explained Bill Marvin, President and CEO of InstaMed. This new space will help us advance this important mission, and it will allow us to open up and share our assets and collaborative approach with other entrepreneurs and business leaders in the Philadelphia community.
InstaMed powers a better healthcare payments experience on one platform that connects consumers, providers and payers for every healthcare payment transaction. InstaMeds 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 InstaMeds exclusive focus on healthcare, integration into any healthcare IT system, robust analytics and proven scale.