InstaMed Revolutionizes Online Payment Security in Healthcare
InstaMed, healthcare’s most trusted payments network, announced today that it has released the InstaMed Secure Token to deliver providers and payers the only way to create a seamless and secure online consumer payment experience while dramatically reducing PCI scope and costs.
The InstaMed Secure Token enables integrated online payment functionality within an existing patient or member portal with cardholder data never touching the healthcare organization’s servers. As a result, healthcare organizations reduce their annual PCI compliance efforts up to 90 percent and significantly reduce their audit, hardware and personnel costs.
The InstaMed Secure Token enables provider and payer organizations to deliver a seamless and secure online consumer payment experience within their existing portals. Consumers can make one-time payments and also have full access to their digital wallet for future or recurring payments while using any device. The InstaMed Secure Token can be integrated into any patient and member portal including Epic MyChart as of January 2017.
“InstaMed has the most impressive security and compliance program that I have ever seen,” said Mike Pinch, CISO at University of Rochester Medical Center. “We’ve been able to design a seamless payment experience for patients within our patient portal without cardholder data ever touching our servers. Where the alternative could have been a time-consuming and costly effort for our IT team, InstaMed has enabled us to save six-figures while achieving maximum PCI scope reduction for online payments.”
“The consumer healthcare payment experience needs to be seamless and secure. You can’t have one without the other in today’s consumer-centric world,” said Bill Marvin, President and CEO of InstaMed. “The InstaMed Secure Token addresses the demands of consumers to make healthcare payments like great online payment experiences in other industries. The dramatic reduction in costs and PCI scope combined with the seamless and secure online payment experience assure the C-suite that they are meeting the needs of their consumers.”