Bridge Bank extends credit facility to InstaMed
San Jose, Calif. – Sept. 14, 2017 –
“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 in 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 is connecting providers, payers, and consumers across the U.S., including every national and regional payer and 9 out of the top 10 children’s hospitals,” said Bill Marvin, president and chief executive officer 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.”
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to-bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #4 on the Forbes 2017 “Best Banks in America” list. For more information, visit bridgebank.com.
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed enables providers to collect more money from patients and payers while reducing the cost and time to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members. Visit InstaMed on the web at www.instamed.com.
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