InstaMed brings Apple Pay acceptance to health care providers
InstaMed, a health care payments network, announced that Apple Pay acceptance will be available to its customers within the health care industry, according to a press release.
Consumers will now be able to use their iPhone 6, iPhone 6 Plus and Apple Watch to make contactless payments to health care providers using Apple Pay at the point of service. InstaMed also enables all providers, payers and vendors launching consumer-facing mobile apps to offer Apple Pay as an online payment method.
"Approximately 20 percent of consumers have unpaid healthcare bills as a result of confusion in the payments process. This will only grow as more and more consumers continue to enroll in high deductible health plans," said Chris Seib, chief technology officer and cofounder of InstaMed. "To resolve consumer confusion and rising bad debt, the healthcare industry must deliver a simple, secure and private payment process with innovative technology, including Apple Pay. As mobile payments are expected to reach $142 billion by 2019, the health care industry must leverage solutions like Apple Pay to meet these consumer needs. We are excited to bring Apple Pay to our customers and remain the leader in innovation for healthcare payments."