A $2.

9 Million Value Proposition

in 30 seconds with Patient Billing
Overview
InstaMed is healthcare’s most trusted payments network, connecting providers, payers
and consumers on one platform.

$
240 Billion
Nationwide
network of providers,
payers and consumers in
processed in healthcare payments all 50 states

Opportunity
InstaMed’s Patient Billing solution with the InstaMed Patient Engagement Program enables
providers to deliver patient-friendly statements that drive eStatement adoption and increase
collections with the goal of eliminating paper statements and manual payments.

The InstaMed Patient Engagement Program

InstaMed partners with you to implement a best-in-class program to drive adoption of electronic
and automated billing and payment options, at no cost.

Solution in Action
The nation’s largest nephrology group trusts InstaMed to deliver patient-friendly statements and
increases eStatement enrollment by 4x.
A pediatrics practice in the Mid-Atlantic trusts InstaMed to drive online adoption and increases
online payments by 17x.

Results | Based on 1.2 Million Statements Annually

$
2.4 Million $526 k 40 %
annual revenue increase annual cost savings reduction in bad debt
50 %
increase in eStatement
adoption

Time’s up. Let’s talk more.

www.instamed.com
info@instamed.com

© 2019 InstaMed. All rights reserved.

InstaMed is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA.; a registered ISO of U.S. Bank, N.A.; and a registered MSP/ISO of Elavon, Inc. Georgia
Patient Billing
Value
Current With Patient Billing
Patient Responsibility
Bad Debt 5% 3%
Revenue Impact From Increased Patient Payments $2,400,000

Patient Statements
eStatement Adoption 0% 50%
Printed Statement Costs $720,000 $360,000
Savings From Reduced Printed Statements $360,000

Back Office Staff

Staff Costs Allocated to Payment Posting and Reconciliation $90,000 $45,000
Savings From Reduced Manual Effort $45,000

Security and Compliance

Annual Costs for PCI Scope – SAQ A $126,731 $5,433
Savings From Reduced Compliance Effort $121,298

Total Annual Value $2,926,298

Assumptions
Billing Metrics Back Office Staff
Monthly Statement Volume 100,000 Back Office FTEs 10
Cost Per Statement $0.60 Fully Loaded FTE Cost $45,000
Monthly Patient Responsibility Volume $10,000,000 % of Time Spent on Payment Processing,
Average Bad Debt 5% Posting and Reconciliation 20%

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