Payment Processing

Payment Processing

Payment processing tailored exclusively for the specific needs of the healthcare industry.

Rectangle Health offers patient payment processing solutions specifically for the healthcare industry, and we add functionality at no additional cost to make transactions friction-less for both patient and practitioner.

Payment Processing Specific to Health Care

The primary financial obstacle faced by healthcare practitioner offices is non-payment for services rendered. Rectangle Health’s real time system places money in the hands of the healthcare practitioner’s office within 24 hours of a transaction, quickly capturing payments into a system that’s easy for the office to use and simple for patients to understand. Receive more patient payments with Rectangle Health.

Consider the following facts:

  • The cost of billing a patient is between $7 and $9 per bill in administrative time, postage and supplies.

  • A healthcare provider’s office must send out an average of three statements to be paid for one.

  • The primary way a doctor loses a patient to another doctor is a patient owing money: patients can become agitated at non-payment and decide to leave the practice. Studies show the average patient will refer as many as eight other patients to a practice, but this only happens if the patient is on good terms with the practice.

  • Consumer surveys show vacations and charitable contributions take precedence over payments owed to healthcare providers.

Rectangle Health is the only nationwide system that solves these and other problems specific to running a healthcare facility. We provide healthcare practitioners and staff simple techniques to procure payment at the time of treatment, or at least guarantee payment using the patient’s existing credit card.

We accomplish this with customized, copyrighted support materials, as well as solutions for practices to accept credit cards — in addition to a small dose of simple psychology. The program is so successful Rectangle Health’s current healthcare providers have experienced up to a 75% increase in payments at the time of a patient’s treatment.

Rectangle Health Guarantee

If you don’t see a dramatic reduction in accounts receivable balance after a few months of instituting our full program, we’ll take the entire system back at no charge to you.
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