InstaMed

OverviewSuggest Edit

InstaMed has emerged as the leading payments network for healthcare. The Company processes billions of dollars and information on its single, integrated network, connecting thousands of hospitals, practices and payers, and millions of patients. Its innovative private cloud technology transforms the healthcare payment process by delivering new levels of payment assurance, simplicity, convenience and cost savings to the healthcare industry.

TypePrivate
Founded2004
HQPhiladelphia, PA, US
Websiteinstamed.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2021)324(+2%)
Cybersecurity ratingAMore

Key People/Management at InstaMed

Chris Seib

Chris Seib

Chief Technology Officer
Frank Adams

Frank Adams

VP, Finance & Accounting
Bill Marvin

Bill Marvin

President & CEO
Mark Krapels

Mark Krapels

Chief Information Security and Controls Officer
Richard M. Croswell

Richard M. Croswell

Chief Operating Officer
Deirdre Ruttle

Deirdre Ruttle

Chief Marketing Officer
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InstaMed Office Locations

InstaMed has offices in Philadelphia and Newport Beach
Philadelphia, PA, US (HQ)
1880 John F Kennedy Blvd 12th Floor
Newport Beach, CA, US
3300 Irvine Ave #305
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InstaMed Financials and Metrics

Summary Metrics

Founding Date

2004

InstaMed total Funding

$105.1 m

InstaMed latest funding size

$50 m

Time since last funding

5 years ago

InstaMed investors

InstaMed's latest funding round in September 2016 was reported to be $50 m. In total, InstaMed has raised $105.1 m
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InstaMed Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

InstaMed Online and Social Media Presence

Embed Graph

InstaMed Company Culture

  • Overall Culture

    A+

    83/100

  • CEO Rating

    A+

    90/100

  • Compensation

    B

    76/100

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InstaMed News and Updates

InstaMed points HIMSS20 attendees toward price transparency, consumerism and interoperability

These are three trends the healthcare payments network sees as most impactful surrounding this year’s global conference.

JPMorgan Chase buys healthcare payments firm InstaMed

JPMorgan Chase is buying US healthcare payments specialist InstaMed in a deal reported to be worth m...

J.P. Morgan Chase is acquiring health-care payments company InstaMed

J.P. Morgan Chase & Co. is buying health-care payments technology company InstaMed, the companies announced Friday. The deal will expand the bank's suite of payment services for health-care consumers, providers and payers, J.P. Morgan said. "We've made significant investments in our Wholesale P…

JPMorgan drops $500 million on healthcare payments firm InstaMed in largest acquisition since the financial crisis

JPMorgan on Friday agreed a deal to acquire InstaMed for $500 million.  The deal for the healthcare payments tech company expands JPMorgan's already vast corporate payments operation. Visit Business Insider's homepage for more stories. JPMorgan Chase has acquired healthcare payments company Insta…

JPMorgan to acquire healthcare payments company Instamed

JPMorgan Chase & Co said Friday it is acquiring Instamed, a U.S. healthcare payments technology company.

JP Morgan buys health-care payments firm InstaMed in bank's biggest deal since financial crisis

The $500 million-plus deal shows that the nation's largest bank views the fast-changing world of payments as a battleground worthy of aggressive wagers.

InstaMed Blogs

Four Ways to Optimize Your Revenue Cycle in 2021

With 2021 in full swing, healthcare providers must continue to manage workflow efficiency, budgeting and the ongoing financial instability brought on by the COVID-19 pandemic. At the same time,...

InstaMed Resource Center – Blog

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How Personalization Can Improve the Patient Payment Experience

Rising Patient Payment Responsibility  Today’s patients owe more for their healthcare than ever before. Steady increases in health plan premiums and high deductible plans lead to ever-growing...

5 Cybersecurity Threats to Healthcare During COVID-19

Digital processes and experiences continue to increase for healthcare as COVID-19 draws on. For patients, this means paying more bills online and using virtual care options when medical attention is...

3 Often Overlooked Payment Channels That Can Help Streamline Collections

In direct response to the COVID-19 crisis, the healthcare industry experienced a transformation. Social distancing guidelines continue to limit in-person contact and crowded spaces whenever possible....

How Primary and Specialty Care Practices Can Recover From the Financial Burden of COVID-19

The COVID-19 pandemic created a financial burden on the healthcare industry. Not only did providers feel the pressure on care delivery and supply chain, but on revenue as well. The cancelation of...
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InstaMed Frequently Asked Questions

  • When was InstaMed founded?

    InstaMed was founded in 2004.

  • Who are InstaMed key executives?

    InstaMed's key executives are Chris Seib, Frank Adams and Bill Marvin.

  • How many employees does InstaMed have?

    InstaMed has 324 employees.

  • Who are InstaMed competitors?

    Competitors of InstaMed include Cotiviti, FreedomPay and Dream Payments.

  • Where is InstaMed headquarters?

    InstaMed headquarters is located at 1880 John F Kennedy Blvd 12th Floor, Philadelphia.

  • Where are InstaMed offices?

    InstaMed has offices in Philadelphia and Newport Beach.

  • How many offices does InstaMed have?

    InstaMed has 2 offices.