Call Us Today! 1.888.852.3484
Insurance Companies

Insurance Companies

Rectangle Health benefits carriers, employers and agents by collecting premiums from payers through credit card payments.

Let’s Get Started

Because Rectangle Health processes all payments, there are no bills to members and there is no reconciliation to process. You only need to add your member’s account into our fully integrated and secure system and each time payroll is run, the premium is automatically sent to that member’s account. Rectangle Health receives the bill, then reconciles and pays it electronically on each due date.

Advantages

Individual policyholders can select and pay for member plans and employers can eliminate reliance on payroll deduction and allow employees to engage directly with selection and payment process. Agents also have a new payment model they can present to members.

Real-time Reconciliation and Posting for Carriers

Rectangle Health posts payments to the system of record in real-time and provides reporting that ties merchant processing deposits and credits to your healthcare practice’s bank statement. The report lists out exact debits and credits by bank settlement dates, as well as all persons charged and credited for that bank reconciliation period, allowing for immediate opportunity to identify issues.

Direct-to-Member Benefits and Payment

Rectangle Health allows employers to eliminate payroll deduction and choose how to enroll employees for member plans, whether through agent enrollment or self-enrollment. Employees can also identify a second form of payment, reducing chance of policy lapses and effectively adding to their bottom line.

Insurance Premium Payment Processing Solution

Rectangle Health works with any enrollment engine to design and develop efficient and effective solutions for employee and member payments. We can work with multiple insurance carriers simultaneously and offer a range of services from point of sale solutions to entire system development, depending on your needs. Our system can also collect premiums from members, as well as reconcile with insurers and their banks.

Improved Employee Satisfaction

Carriers, employers and agents have direct access to benefit selections and can set up optimized, premium payment options, including frequency of payment, account type and notification preferences.

Health Insurance Companies

Rectangle Health processes premium payments for health insurance companies selling individual health policies — working with states using the Affordable Care Act (ACA) or their own exchanges — which now must collect premiums directly from members.

Dynamic Credit Card and ACH Descriptors

Members see customized credit card and ACH descriptors on their statements, so they can identify each payment.

Interactive Member Communication

Rectangle Health’s unique system improves collections and reduces the chance of lapsing coverage by charging cards up to three times if the card on file is declined. Additionally, expiration emails are sent to members when credit information needs to be updated to avoid coverage lapses and ensure payment is received.

Reconciliation and Real-Time Reporting

Rectangle Health collects payments from members every day, and on any day at any time, you can determine how many payments have been made and which members have paid them. We reconcile the payments for the entire month at each month’s end.

Solutions

Rectangle Health services help insurance companies improve processes for collecting premiums from members while increasing overall satisfaction for all.

“We are an extremely busy optometric practice, and we are always very conscious of business costs.  We use a practice management software and couldn’t believe we could start updating payment directly into the patient ledger and securely keep patients credit card information on file.”

-Optometry Group, Bay Area

“We’re writing to show our appreciation for Rectangle Health.  Initially, I doubted some of the features that were promised, but you guys delivered.  The web payments and payment plans are easy. The ease of email receipts and vaulting cards are great for our Billing Department.  I would recommend any colleagues use your system without reservation.”

-OB/GYN Office, Grapevine Texas

“We have been very satisfied with the degree of customer service and professionalism we have received in the process of switching from our previous processing company to Rectangle Health.”

-Practice Manager, ENT & Audiology, Southlake Texas

“I had been told by many companies that they could integrate into our software, but once they came out and met with me, I could see they really could not do what they said…. Rectangle Health could not only seamlessly integrate with my software as they stated, but they could offer substantial savings each month.”

-Dental Office Manager, Southlake Texas

“We have been a Rectangle Health client for over 3 years now and we’re pleased to say they lived up to their word; from saving us hundreds of dollars in overall monthly fees to even going so far as to customize their online Practice Management Bridge for a special feature we requested.”

-Retina Consultant, Connecticut

“I would like to compliment Rectangle Health.  The customer service has been top notch and your representative is always quick to return our calls.  The payment software is great and has made collecting form our patients so easy.  We would recommend any medical practice to use Rectangle Health!”

-Chiropractic & Acupuncture, Denver, Colorado

“Since we started to use the program, we have had an immediate and noticeable improvement in patient payment at the time of treatment.  Transitioning to Practice Management Bridge has alleviated hours of extraneous work that was unavoidable with our previous retail terminal.  In addition to the invaluable improvements in our practice management, Rectangle Health has saved us money by lowering our processing rate.”

-Office Manager, Cosmetic Dentistry, Solana Beach, California

Learn more about the Rectangle Guarantee.

Click Here