Technology News

InstaMed Launches Integrated Payment Platform

Wednesday, November 15, 2006 9:00:00 AM PDT | VentureDeal Staff

PHILADELPHIA, PA & NEWPORT BEACH, CA  --  Payment processor gateway company InstaMed announced the availability of its integrated platform for healthcare-related transactions.

The company claims that the platform, dubbed the Integrated ERA/EFTTM, completely eliminates paper and cuts administrative costs for healthcare providers and payers.

By integrating an electronic remittance advice (ERA) with an electronic funds transfer (EFT), the system streamlines much of the payment process.

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