Full-Time

VP of Engineering

Posted on 9/16/2024

Rectangle Health

Rectangle Health

201-500 employees

Payment processing solutions for healthcare providers

Fintech
Healthcare

Compensation Overview

$200k - $230kAnnually

Senior, Expert

White Plains, NY, USA

Category
Engineering Management
Software Development Management
Required Skills
Agile
AWS
Development Operations (DevOps)
Requirements
  • At least 15 years of technology experience in high-growth companies with at least 10 years in leadership positions.
  • Domain experience in Payment Processing is highly desired.
  • Having managed organization of 40+
  • Having managed/implemented CI/CD and familiarity with various DevOps tools preferably in AWS environment.
  • Experience is working in a SaaS based product with high uptime requirements.
  • Prior management of technology and process change, e.g. migration to cloud, architecture evolution, adoption of DevOps.
  • Prior working experience developing cloud based applications with focus in Amazon Web Services (AWS), DevOps, MicroServices; CI/CD.
  • Experience managing on-site, off-site and off-shore resources.
  • Experience adhering to an Agile development environment and iterative sprint cycle and continuous delivery into production.
  • Demonstrated ability and focus on KPI and metrics and looking to measure what matters.
  • Proven ability to lead, motivate, and manage a diverse engineering team.
  • Strong interpersonal and communication skills to effectively collaborate with executive leadership and cross-functional teams.
  • Demonstrated capability to develop and implement engineering strategies that align with business objectives and drive technological advancements.
  • Strong analytical and problem-solving skills with the ability to address complex technical challenges and develop innovative solutions.
Responsibilities
  • Lead and mentor a high-performing engineering team, fostering a culture of innovation, collaboration, and continuous improvement.
  • Develop and execute the engineering strategy aligned with the company's business objectives.
  • Oversee the end-to-end development of products, from concept to commercialization.
  • Ensure that products meet or exceed customer requirements for performance, safety, and reliability.
  • Drive research and development initiatives to enhance our technology.
  • Stay abreast of industry trends and emerging technologies to maintain a competitive edge.
  • Focus on metrics and KPIs.
  • Implement best practices in engineering to measure what matters.
  • Work closely with internal and external stakeholders, including product management, customers, & other internal functions, to ensure alignment on technical specifications, compliance, and market needs.
  • Identify and mitigate risks related to product design, development, and deployment.
  • Manage the engineering budget, including capital expenditures and staffing.
  • Allocate resources effectively to maximize productivity and project outcomes.

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 while improving the overall patient experience. The goal of Rectangle Health is to facilitate seamless and secure payment interactions in the healthcare sector, ultimately helping providers improve their revenue collection.

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

Town of Mount Pleasant, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Rectangle Health's Technology Partnership Program (TPP) opens new avenues for growth and increased revenue through strategic collaborations.
  • The company's all-in-one Practice Management Bridge platform significantly improves administrative efficiency and patient payment collection rates.
  • Rectangle Health's focus on innovation, as evidenced by the promotion of Mike Peluso to Chief Product and Strategy Officer, ensures continuous product development and market relevance.

What critics are saying

  • The healthcare sector's increasing vulnerability to cyberattacks could pose significant risks despite Rectangle Health's cybersecurity measures.
  • The competitive landscape in healthcare payment processing is intense, with numerous players vying for market share.

What makes Rectangle Health unique

  • Rectangle Health's Practice Management Bridge offers seamless integration with existing healthcare data systems, a feature that sets it apart from generic payment processing solutions.
  • The company's focus on healthcare-specific payment processing ensures compliance with industry regulations and enhances patient experience, unlike broader payment processors.
  • Rectangle Health's HITRUST Essentials certification underscores its commitment to cybersecurity, a critical advantage in the healthcare sector.

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