Rectangle Health

Rectangle Health

Payment processing solutions for healthcare providers

About Rectangle Health

Simplify's Rating
Why Rectangle Health is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Healthcare

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

Town of Mount Pleasant, New York

Founded

1993

Overview

Rectangle Health provides payment processing solutions tailored specifically for the healthcare industry. Their main service helps healthcare providers, such as hospitals and clinics, efficiently manage and process credit card payments. The company uses a proprietary technology called Practice Management Bridge, which integrates with existing healthcare data systems to streamline payment processes, enhance patient payment collections, and reduce administrative costs. Unlike many competitors, Rectangle Health focuses solely on the unique needs of healthcare providers, ensuring secure transactions and improving the overall patient experience. The company's goal is to facilitate seamless and secure payment interactions in the healthcare sector.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased telehealth adoption boosts demand for Rectangle Health's remote payment solutions.
  • The rise of value-based care models opens new service expansion opportunities for Rectangle Health.
  • Healthcare consumerism trends increase demand for user-friendly payment systems, benefiting Rectangle Health.

What critics are saying

  • Increased competition from new entrants like Waystar and Meditech threatens market share.
  • Cyberattacks targeting healthcare data pose significant operational and reputational risks.
  • Regulatory changes in healthcare payment processing could impact operations and compliance.

What makes Rectangle Health unique

  • Rectangle Health's Practice Management Bridge integrates seamlessly with existing healthcare data systems.
  • The company focuses exclusively on healthcare payment processing, ensuring specialized solutions.
  • Rectangle Health offers a comprehensive suite of payment tools tailored to healthcare providers.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Company News

PYMNTS
Apr 3rd, 2025
Apis And Innovation Help Merchants Put Payments ‘In The Background’

For merchants, omnichannel innovation comes in several flavors. When it comes to eCommerce interactions, sellers face the drive to streamline and reduce friction during the onboarding processes — and to digitize the interactions that happen after onboarding, including lending and payments. In an interview with PYMNTS, Jordan Owen, head of merchant business banking at U.S. [] The post APIs and Innovation Help Merchants Put Payments ‘in the Background’ appeared first on PYMNTS.com.

Dentistry Today
Dec 10th, 2024
Patterson Dental and Rectangle Health Unveil Seamless Payment Process Integration

By integrating Rectangle Health's Practice Management Bridge(R) platform with Patterson Dental's comprehensive suite of dental solutions, dental health providers will benefit from a seamless and efficient payment experience.

Hit Consultant
Aug 9th, 2024
Cybersecurity: Building A Resilient Healthcare Practice In The Face Of Cyber Threats

Carrie Gluck, Chief Information and Security Officer at Rectangle HealthA healthy patient-provider relationship is the foundation for delivering quality healthcare, yet increasingly occurring cyberattacks have negatively impacted patient health outcomes, data security, and care operations. With the recent cybersecurity breaches causing disruptions to operations and workflows that require a shift to manual and paper-based processes, providers must take all necessary technical steps to protect their patients, staff, and practice reputation from potential cyberattacks. Beyond reputational damages, cyber outages and even general IT disruptions deeply impact provider operations, especially affecting employees. Without core systems, software, and data available, provider staff takes on tedious manual tasks, including managing schedules, payment reconciliation, and reviewing extensive patient data, which overburdens them and further compounds negative impacts on operational efficiency due to decreased process efficiency and productivity. This article will explore common cyberattack outage sources, how staff can prevent and mitigate the risks of these sources, how provider organizations can implement compliance protocols, and ultimately, how to take proactive steps to protect the integrity of systems, ensure patient data safety, and improve current processes to ensure a continually thriving practice. Common Origins of Cyber BreachesAs recently reiterated by the Senate Finance Committee, most cyberattacks, including on major organizations, result from systemic lapses in compliance and cybersecurity protocols. According to the Federal Bureau of Investigation and the American Hospital Association, stolen credentials are one of the most common intrusion methods used by hackers, with login information often being acquired through minimal means. For example, hackers often use email phishing to steal login credentials and other employee information by posing as a well-known source, such as a credit card company, internet provider, or even a fellow colleague, and asking for sensitive information. Additionally, connecting to unsecured public Wi-Fi can expose employees to credential theft, eavesdropping, malware distribution, and session hijacking. Hackers sometimes only need a staff member’s email, as many software platforms don’t require strong passwords, making many easily guessable. The reality is that these attacks can happen to any healthcare industry organization

Hit Consultant
Jul 12th, 2024
Cybersecurity Vulnerabilities In Implantable Medical Devices

Zac Amos, Features Editor at ReHackWhile digitalization saves lives, it may also threaten them. The uptick in data breaches and cyberattacks targeting the healthcare industry correlates to the number of internet-connected and insecure technology facilities are adopting. Implantable medical devices are one of the latest victims of this trend — and their vulnerabilities could be deadly.Why are Hackers Targeting Implantable Medical Devices?According to a report from the U.S. Health Sector Cybersecurity Coordination Center and the Office of Information Security, the frequency of healthcare data breaches has trended upward since 2012. That number more than doubled from 2018 to 2021, marking an unfortunate milestone — and indicating the issue will continue worsening. It’s no secret the healthcare industry amasses a fortune of personally identifiable information (PII) and health data. In fact, while medical details sell for up to $250 per record, the next highest target — payment card numbers — only goes for $6 per sale

Business Wire
Mar 19th, 2024
eIVF and Rectangle Health Partner to Streamline Payment Processing and Enhance the Patient Experience in Fertility Care

By integrating eIVF's comprehensive billing platform with Rectangle Health's Practice Management Bridge(R) platform, featuring advanced payment processing capabilities within Bridge(TM) Payments, fertility clinics can provide their patients with a convenient way to manage one time or recurring payments.

Recently Posted Jobs

Sign up to get curated job recommendations

Rectangle Health is Hiring for 12 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Rectangle Health's jobs every few hours, so check again soon! Browse all jobs →