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Sunday 12 July 2020
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Leading the Way on New Payment Systems with InstaMed

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TODAYS GUEST Chris Seib, Co-Founder and CTO of InstaMed

Chris  joined us to discuss how InstaMed’s new payment systems are paving the way for a new Healthcare Consumerism.  Yes, I used both of those words in the same sentence.  Statistics show that Patients are now responsible for 27% of the cost of healthcare and that is expected to grow to over 50% within 3-5 years.  Specifically we discuss the following with Chris:

  1. Healthcare Consumerism: What does the trend mean? How does it apply to InstaMed/payments and the overall healthcare industry?
  2. Instamed Fifth Annual Trends Report: What are the key findings? How do these tie into the consumerism trend?
  3. Aite/InstaMed Whitepaper: What are the key findings? What do these mean for health plans and the consumers searching for them?
  4. Other Trends in the Industry: What else should we be watching, and how will InstaMed respond to these changes? (EMVs, Apple Pay, etc.)
  5. Upcoming Events/announcements: Does InstaMed have anything in the works? What can we expect to see from the company in the coming months, and can we see you at any upcoming conferences or industry events? (Webinar, conferences, partnerships, etc.)

Visit InstaMed on the Web and follow them on Twitter, Facebook and LinkedIN!

About InstaMed

InstaMed simplifies every healthcare clearinghouse and payment transaction for providers and payers, all in one place. InstaMed enables providers to collect more money, get paid faster and reduce the time and costs to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments. InstaMed’s single, integrated network simplifies the healthcare payments process for 1,500+ hospitals, 70,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 60+ practice management systems. InstaMed processes tens of billions in healthcare payments each year at a rate of more than $1,500 per second.” (from http://www.instamed.com/about/ )

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Chris’s Bio

Before founding InstaMed, Chris was an executive in Accenture’s Health and Life Sciences practice. Chris focused on architecting and delivering portal and connectivity solutions at clients such as UnitedHealth Group, WellPoint Health Networks and many regional health plans. Chris has managed large teams of people in multi-project initiatives, such as eCommerce development, software application development and operations. Additionally, Chris has been involved in strategic development efforts regarding government health initiatives, consumer-directed health plans and direct connectivity between providers and payers. Chris has certifications and expertise in Programming, Architecture, User Experience, Database Technologies, Networks, Network Architecture, Security and Project Management. Chris is a named inventor of multiple patents and patent applications held by InstaMed. Chris graduated Cum Laude from Harvey Mudd College with a Bachelor of Science in Engineering and a minor in Economics.

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This episode brought to you by CTG Health Solutions, your Trusted #HealthIT Consulting and Services Provider!

This episode brought to you by CTG Health Solutions, your Trusted #HealthIT Consulting and Services Provider!

Joe Lavelle
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JOE LAVELLE is a Healthcare Management and Technology Consultant with a record of successfully meeting the business and technology challenges of diverse organizations including health plans, health delivery networks, and health care companies for 25 years. Joe worked his way up through Cap Gemini and Andersen Consulting to the partner/VP level of at First Consulting Group, Technology Solutions Group and Santa Rosa Consulting. After running his own company, Results First Consulting, for 12 years Joe Co-Founded intrepidNow with Todd Schnick to create incredible content to dramatically improve the sales and marketing efforts of their clients.


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