Revenue Cycle Management Solutions
Optimize Your Healthcare Revenue Cycle With Advanced Digital Payment Solutions
Accelerate cash flow.
Improve staff efficiency.
Reduce bad debt.
Drive better patient engagement.
Solutions for hospitals, health systems and physician practices.
Improve your revenue cycle management from pre-service to post visit with solutions that enable you to automate processes and streamline workflow to enhance financial performance. Optimize the consumer experience with convenient user-friendly tools that meet patient preferences. View reporting and analytics to help you to drive business decisions and resource allocation.
Find out how you can optimize your revenue cycle with InstaMed solutions.
Many valued healthcare organizations rely on InstaMed including:
Digital Technology to Enhance Your Revenue Cycle
Eligibility and Benefits Verification
Expedite the verification process with technology that enables you to readily confirm patient benefits and eligibility before or during patient visits and prior to claim submission.
- Real-time and batch
- Easy-to-read, detailed eligibility information
- Connect to all of your payers on a single platform
Payment Posting
Optimize this step of the revenue cycle with InstaMed Auto Payment Collect™. After claims are adjudicated, Auto Payment Collect automatically collects the patient balance using the payment method saved on file during pre-registration.
- Securely store patient payment information on file
- Automate payment processing
- Eliminate paper billing
- Real-time payment posting and reconciliation to your system
Patient Statements
Reduce paper billing and processing costs with easy-to-read patient statements designed to drive online payments. Send fewer statements and spend less time following up with patients to collect.
- Consumer-tested statement design
- Consolidated balances across multiple encounters and family members
- Dynamic messaging to drive online and eStatement adoption
- Customizable colors and branding
Reporting and Analytics
Track and measure your revenue cycle performance with InstaMed Insight. Access valuable business intelligence to identify opportunities to make data-driven decisions that can increase your profitability.
- View all payment activity
- Easy-to-read progress reports to track activity and performance
- Performance metrics across locations, employees and channels for comparison
- Trends and growth reports that drive business decisions and resource allocation
Learn more about InstaMed Insight
Virtua Health trusts InstaMed and JPMorgan Chase to accelerate innovation and growth
“With JPMorgan Chase and InstaMed, we trust our payments meet the highest security and controls standards that is combined with payment innovation and efficiency required in today’s market. Plus, with InstaMed, we have streamlined our payments with a single source for posting and reconciliation across Virtua.”
Assistant Vice President for Treasury, 2021