Daily News: September 1, 2017

Bridge Bank Expands InstaMed Credit Facility

InstaMed, a healthcare payments network, expanded its credit facility through a new banking relationship with Bridge Bank.

The new partnership will support the accelerated growth of the InstaMed Network of providers, payers and consumers.

“The InstaMed Network is connecting providers, payers and consumers across the U.S., including every national and regional payer and nine out of the top 10 children’s hospitals,” said Bill Marvin, president and CEO of InstaMed. “We are excited to partner with Bridge Bank to continue the momentum of the InstaMed Network and support InstaMed’s mission to simplify the healthcare payments experience for all users.”

“At Bridge Bank, we are committed to designing financial solutions for companies that have the potential to transform business as usual,” said Matt Klinger, senior vice president of Bridge Bank’s Mid-Atlantic technology banking group. “The healthcare industry is ripe with opportunities to disrupt the status quo and create a better way to do business, and InstaMed is doing that. All of us at Bridge Bank look forward to InstaMed’s continued growth and success.”

The InstaMed Network connects over two-thirds of the healthcare market and processes tens of billions of dollars in healthcare payments annually.

Bridge Bank is a division of Western Alliance Bank.