Biotechnology / Investing

InstaMed has processed $60B in healthcare payments

The Center City based electronic payment company that aims to streamline healthcare reimbursements has processed $60 billion in healthcare payments and raised more than $34 million since founding in 2004.

The Center City building that houses InstaMed. Photo from InstaMed's website.

InstaMed, the electronic payment company that aims to streamline healthcare reimbursements, has processed $60 billion in healthcare payments, the Philadelphia Inquirer reported. The Center City-based company has raised $34 million since 2004 and now employs 100, according to the Inquirer. Two-thirds of its staff work out of its Philadelphia office, while the rest work out of a Newport Beach, Calif. office.

Read the whole Inquirer article here.

Companies: InstaMed

Knowledge is power!

Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.


How I Got Here: Det Ansinn's career as a CTO and founder taught him to prioritize the people behind the tech

'It's up to us to put the footwork in': Quan Fields (aka Quany the Clown) on making it as a circus performer

Women in Tech Summit has new programming planned for 2024

WeWork approached physical space as if it were virtual — which led to the company’s downfall

Technically Media