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MedAct Delivers Accelerated Payment Solutions to DME vendors powered by InstaMed
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October 26, 2008 | McKinney, TX – Geoff Kearney, Chief Executive Officer of MedAct Software, announced the new release of MedAct that will utilize the InstaMed healthcare payments network and platform. The new integrated MedAct solution will enable DME businesses to increase collections, accelerate payment, reduce bad debt, and reduce collection costs in a simple, convenient, reliable, and secure manner.
Today’s announcement of the new MedAct release highlights the continued dedication to customer excellence that MedAct Software has provided over the past 20 years. This version marks the first simultaneous release of the MedAct flagship product with a strategic third-party interface.
According to Lorraine Lodigiani, Business Development Manager at MedAct, the new release is the result of continued collaboration between MedAct and its valued customers. Based on the feedback from customers across the nation, MedAct continually enhances the solution to fit our customer’s needs in the DME market.
“These are improvements that will change the way DME businesses operate,” Kearney said. “It’s an incredible step forward for managing compliance, real-time eligibility, and processing payments. This has been a year of unprecedented innovation for MedAct Software. We expect that at least 2,000 users will adopt this product by the end of 2009.”
“Our customers are enthusiastic about the new capabilities,” said Matz. “They recognize that the new enhancements in MedAct will have the potential to reshape the workplace and deliver dramatic benefits to their DME business.”
Together, these enhancements focus on the critical areas of increasing collections, accelerating payments, reducing bad debt, and improving operational efficiencies. This solution enables DMEs to accept all forms of payments such as credit, debit, cash and check. Additionally, our solution has new features such as real-time eligibility and the ability to setup recurring payments. These enhancements not only help deliver the right balance of control, convenience, cost-effectiveness and accuracy, but also increase productivity.
MedAct, integrated into the InstaMed healthcare payments network and platform, delivers a solution that reaffirms MedAct Software as a leader in the DME industry. The release exemplifies MedAct’s customer-centric innovation and engineering excellence. The company will be well positioned to meet customer demand for more innovative solutions.
Learn more at www.medactsoftware.com
About InstaMed
InstaMed is the industry leading healthcare payments network and platform. InstaMed's mission is to transform the healthcare payment process for healthcare Providers, Payers, Banks and Patients so their payment experience is simple, convenient, reliable and secure. InstaMed processes all of the healthcare and payment transactions in the healthcare revenue cycle and offers patent pending, integrated healthcare and payment transactions that accelerate the healthcare payment process and reduce the administrative costs to all parties. InstaMed currently supports the healthcare payment processing needs of over 600 hospital and clinic locations; practice management vendors and billing services representing over 50,000 providers; and hundreds of healthcare payers of all sizes. InstaMed is registered with Visa and MasterCard as a PSP of U.S. Bank. InstaMed is Payment Card Industry Level One certified and fully accredited by the Electronic Healthcare Network Accreditation Commission as a healthcare clearinghouse. InstaMed is an AHIP Solutions Partner (America's Health Insurance Plans), a member of the C.O.R.E. Initiative (Committee on Operating Rules for Information Exchange), the Medical Banking Project, ASC X12, HBMA (Healthcare Billing & Management Association), Electronic Payments Network ACH Association Services, and WEDI (Workgroup for Electronic Data Interchange).
Visit InstaMed on the web at www.instamed.com
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