About InstaMed
InstaMed is a Healthcare company based in Philadelphia (United States) founded in 2004, and was acquired by JPMorgan Chase in May 2019. Healthcare bill payments are facilitated for providers and patients. It operates on a SaaS (Software-as-a-Service) and Managed Services model in Healthcare and Financial Services sectors. InstaMed has raised $123.24 million across 16 funding rounds from investors including US Bank, JPMorgan Chase and Carrick Capital Partners. The company has 275 employees. Its website instamed.com draws about 1.7 million monthly visits. InstaMed offers products and services including Healthcare Payment Solutions, Patient Engagement Tools, and System Integration Services. Its focus areas include Technology, Healthcare Technology and Healthcare Payment Solutions. Its legal entity is InstaMed, a wholly owned subsidiary of JPMorgan Chase Bank, N.A. Its competitors include Greenphire, Cedar and Zelis Healthcare; 2 of its 3 listed competitors have raised funding.
Company details
Healthcare payment processes are optimized by InstaMed through secure, cloud-based technology. Solutions are offered for providers, payers, and patients to enhance financial engagement. Digital billing and contactless payment options are integrated into existing workflows. The healthcare sector is primarily served, focusing on hospitals, clinics, and health plans. Revenue cycles are accelerated, and consumer satisfaction is improved with HIPAA-compliant tools. Costs are reduced while payment collection is increased across various healthcare organizations.
- Headquarters Philadelphia, United States
- Employees 275
- Stage Acquired
- SectorsHealthcareFinancial Services
- Website category Finance · Insurance
- Phone•••• ••••
- Website instamed.com
- Social LinkedIn X Facebook
- Acquired by JPMorgan Chase (May 2019)
- Legal Name Instamed, A Wholly Owned Subsidiary Of Jpmorgan Chase Bank, N.A.
- Total Equity Funding$123.24M (USD)
in 16 rounds
- Latest Funding Round$50M (USD), Series E
Sep 2016
- InvestorsUS Bank
& 7 more
- Employee Count275
- Acquired byJPMorgan Chase
(May 2019)
Products & Services of InstaMed
InstaMed offers a comprehensive portfolio of products and services, including Healthcare Payment Solutions, Patient Engagement Tools, and System Integration Services.
Healthcare payments are streamlined with secure digital solutions.
Patient engagement is enhanced through digital billing options.
Integration with EHR/EMR systems is provided for efficiency.
Funding Insights of InstaMed
InstaMed has successfully raised a total of $123.24M across 16 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in September 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $123.24M
- Total Rounds 16
- Last Round Series E — $50M
- First Round $558,440
(Feb 2006)
- Investors Count 7
Latest 10 of 16 funding rounds of InstaMed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $50M | Series E | – | Carrick Capital Partners | – |
| Dec 2014 | $17M | Series D | – | NJTC Venture Fund, Midas Capital | – |
| Aug 2013 | $5.65M | Series C | – | – | – |
| Aug 2013 | $650,000 | Debt – Conventional | – | – | – |
| Apr 2013 | $2.38M | Series C | – | – | – |
| Jan 2013 | $1.5M | Debt – Conventional | – | – | – |
| May 2012 | $14M | Series C | – | – | – |
| Feb 2012 | $1.43M | Debt – Conventional | – | – | – |
| Sep 2011 | $5.5M | Series B | – | NJTC Venture Fund, US Bank | – |
| May 2011 | $4M | Series B | – | – | – |
8 investors in total: 8 institutional.
Investors in InstaMed
InstaMed has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include US Bank, JPMorgan Chase and Carrick Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm invests in the US | carrickcapitalpartners.com | San Francisco, United States | ||
Early-stage venture capital investments are focused on US companies. | njtcvc.com | Mount Laurel Township, United States | ||
| midascapital.com | ||||
Early-stage venture capital fund investing in B2B software startups | osageventurepartners.com | Bala Cynwyd, United States | ||
Technology ecosystem growth is supported in Southeastern Pennsylvania. | sep.benfranklin.org | Philadelphia, United States | ||
Tech-focused VC firm investing in the US and China | ashbypointcapital.com | Arnold, United States | ||
Commercial bank | 1968 | usbank.com | United States | |
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States |
Investor details for InstaMed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of InstaMed
125 people are tracked at InstaMed (41 in leadership, 84 in team); the tracked headcount is 275.
| Name | Role | Group |
|---|---|---|
Kaitlin Davis | Vice President, Product Solutions Specialist | Leadership |
Colin Dixon | Vice President, Provider Account Management | Leadership |
Matthew Ringen | Regional VP - Account Management | Leadership |
Brian Hill | Vice President Finance Lead | Leadership |
Andrew Nguyen | VP Product Marketing | Leadership |
Kevin McCallister | Vice President | Leadership |
Shane McKenna | Vice President, Sales Operations | Leadership |
Kendra W. | Regional VP - Account Management | Leadership |
Mark Krapels | Chief Information Security And Controls Officer | Leadership |
Alicia B. Sledge | Vice President, Strategic Provider Account Manager | Leadership |
Bob Ringlein | Regional Vice President Business Development | Leadership |
Colleen Doherty-Biondi | Regional Vice President, Strategic Provider Account Management | Leadership |
Felecia Williamson | Regional Vice President, Strategic Provider Account Management | Leadership |
Kevin J. O'Connor | Vice President - Product Solutions Manager | Leadership |
Jeffrey Cummins | Vice President, Provider Business Development | Leadership |
Lindsey Pitts | Vice President, Provider Business Development | Leadership |
Brandon Zauche | Regional Vice President, Strategic Provider Account Management | Leadership |
Carl L Johnson Jr | Regional VP Payer Account Management | Leadership |
Cindy Kendrick Mba, Crcr | Regional Vice President Healthcare Payments | Strategic Provider Account Management | Leadership |
Diana Fedoryshyn | Vice President Of Account Management | Leadership |
105 more people are available in the full profile.
Complete people profiles for InstaMed
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of InstaMed
4 dated milestones of InstaMed across 15 years, from founding to its latest funding, stage changes and deals.
- Founded InstaMed is founded.
- Funding First funding round of $558K.
- Funding Latest funding round, Series E, of $50.0M.
- Exit Acquired by JPMorgan Chase.
Competitors of InstaMed
InstaMed has 3 listed competitors in our database, 2 of them funded. They include Greenphire, Cedar and Zelis Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenphire.com | 2007 | King Of Prussia, United States | $5.81M | 259 | Clinical payment technology for patient transactions in research is provided. | |
| cedar.com | 2016 | New York, United States | $351M | Cloud-based payment solutions are provided for healthcare billing and analytics. | ||
| zelis.com | 1995 | Boston, United States | 2,336 | Digital solutions to modernize the healthcare financial experience for payers, providers, and members |
Detailed competitors of InstaMed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of InstaMed
The website of InstaMed (instamed.com) receives about 1.7M visits a month and ranks #30,220 among all websites worldwide, #1,927 in Insurance.
- Monthly visits1.7M
▲ 2.4% vs previous month
- Unique visitors984.7K
per month
- Global rank#30,220
among all websites
- Category rank#1,927
Finance · Insurance
- Bounce rate33%
- Pages per visit3.7
- Average visit3 min 15 sec
- DevicesDesktop 64% · Mobile 36%
Websites whose visitors overlap most with InstaMed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
selecthealth.org | selecthealth.org | 100% | #101,231 | – | |
payspanhealth.com | payspanhealth.com | 97% | #163,351 | – | |
personapay.com | personapay.com | 92% | #28,166 | – | |
| optumbank.com | 89% | #18,676 | View details | ||
| aetna.com | 88% | 12.6M | #3,061 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for InstaMed
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as InstaMed (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Instamed
Complete news archive for InstaMed
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Frequently Asked Questions about InstaMed
InstaMed was founded in 2004 and raised its 1st funding round 2 years after it was founded.
InstaMed is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
InstaMed is a funded company, having raised a total of $123.24M across 16 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Feb 2006.
InstaMed has 275 employees.
Healthcare payment processes are optimized by InstaMed through secure, cloud-based technology. Solutions are offered for providers, payers, and patients to enhance financial engagement. Digital billing and contactless payment options are integrated into existing workflows. The healthcare sector is primarily served, focusing on hospitals, clinics, and health plans. Revenue cycles are accelerated, and consumer satisfaction is improved with HIPAA-compliant tools. Costs are reduced while payment collection is increased across various healthcare organizations.
InstaMed's top competitors include Greenphire, Cedar and Zelis Healthcare.
InstaMed offers Healthcare Payment Solutions, Patient Engagement Tools, and System Integration Services.
InstaMed has 8 investors. Key investors include US Bank, JPMorgan Chase, Carrick Capital Partners, NJTC Venture Fund, and Midas Capital.
InstaMed operates through Instamed, A Wholly Owned Subsidiary Of Jpmorgan Chase Bank, N.A..
Yes. InstaMed was acquired by JPMorgan Chase in May 2019.
The website of InstaMed receives about 1.7 million visits a month and ranks #30,220 among all websites worldwide.