PHILADELPHIA & NEWPORT BEACH, CA (February 20, 2017) – InstaMed, healthcare’s most trusted payments network, announced today that Abilene Diagnostic Clinic (ADC) is now using InstaMed’s One Bill solution to transform their patient payment experience. One Bill delivers patients a single, consolidated statement across ADC’s lines of business to make it easier than ever for patients to understand, manage and pay their healthcare bills.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170220005045/en/
ADC is a multi-specialty, multi-location organization in Texas. Previously, its separate locations managed patient billing independently which led to multiple paper statements sent to patients, separate phone calls to collect and an overall confusing patient experience. By implementing the InstaMed One Bill solution, ADC’s billing data and processes are now standardized and consolidated across all locations. Now, their patients receive one, easy-to-understand bill with convenient, flexible options to manage bills, including eStatements, online payments and payment plans.
One Bill removes patient confusion and frustration with receiving multiple bills by delivering a single, consolidated statement and payment process. According to a 2015 survey by the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS), patient satisfaction ratings fall by an average of more than 30 percent from post-discharge through the billing process.
“The patient experience is a top priority for Abilene Diagnostic Clinic, and payment is a critical piece of that overall experience,” said Andrew Kouba, CFO of ADC. “In addition to the positive feedback we are receiving from patients about One Bill, we are also seeing an increase in payments, including adoption of online payments and even paying off older balances that are now easier to understand. Everyone wins when patients are having a great experience – our patients are happier and our organization is decreasing costs to collect.”
“Leading healthcare organizations are putting the patient experience first. Seamless payment experiences in other industries are creating strong consumer demand for a better healthcare payments experience,” said Bill Marvin, President and CEO of InstaMed. “One Bill brings the best in consumer-centric experiences to healthcare. We are thrilled to expand our relationship with Abilene Diagnostic Clinic and enable them to deliver the most patient-friendly and secure payment solution available with One Bill.”
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed enables providers to collect more money from patients and payers while reducing the cost and time to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members. Visit InstaMed on the web at www.instamed.com.