Rectangle Health Partners with Netsmart for Payment Innovations
Rectangle Health and Netsmart Unite for Enhanced Efficiency
Rectangle Health's Practice Management Bridge now powers embedded payments in TheraOffice, delivering secure solutions that streamline operations and enhance profitability for therapy practices across the country.
A Strategic Collaboration
Rectangle Health has embarked on a meaningful partnership with Netsmart, a leader in providing solutions and services for community care providers. This collaboration merges Rectangle Health's robust payment technology with Netsmart's innovative TheraOffice platform, aimed at empowering therapy practices.
Benefits of Embedded Payments
The integration sets a new standard for how therapy practices handle payments, ensuring efficacy and security. AJ Peterson, SVP & GM of Interoperability & Consumer Engagement at Netsmart, emphasized the significance of this collaboration by stating that it equips practices with powerful tools to enhance operational efficiency and profitability, providing a smooth experience for both staff and patients.
Transforming Payment Processing
The embedded payment platform guarantees patient data privacy and security while offering an almost seamless experience across billing, payment collection, and reporting. The TheraOffice practice management software is specifically designed to cater to practices of various sizes and specializations, equipping providers with the necessary tools to unify care delivery and optimize revenue cycles.
Key Features of the Integration
With Rectangle Health’s integration, practices can expect:
- Simplified Payment Processing: Streamlined workflows designed to minimize administrative burdens and improve operational efficiency.
- Enhanced Patient Experience: Offers convenient payment options, including mobile, online, contactless, and secure card-on-file, which helps bolster patient satisfaction.
- Optimal Financial Performance: Streamlined collections and automated reminders that enhance cash flow and reduce A/R days.
- Transparent Transactions: A HIPAA- and PCI-compliant environment that eliminates hidden fees for payment processing, simplifying financial operations.
- Modern Payment Technology: Incorporation of the latest wireless terminal options for an embedded experience.
Commitment to Innovation
This partnership signifies both companies' commitment to innovation in healthcare technology and illustrates a broader movement toward integrated, patient-focused financial solutions across the healthcare sector. As the industry shifts to value-based care, embedding payments within operational workflows becomes increasingly critical.
Further Information
To learn more about how embedded payments can transform your practice, businesses can easily reach out to Rectangle Health for assistance.
Frequently Asked Questions
What is the primary goal of the Rectangle Health and Netsmart collaboration?
The primary goal is to enhance operational efficiency and profitability for therapy practices through integrated embedded payment solutions.
How does the embedded payment system improve patient experience?
The system provides convenient payment options, making transactions seamless and improving patient satisfaction significantly.
What are the main advantages of using the TheraOffice platform with Rectangle Health's integration?
The integration offers simplified workflows, optimal financial performance, and enhances patient experience through innovative payment options.
Who will benefit from this partnership?
This collaboration primarily benefits therapy practices, allowing them to streamline their operations and enhance their financial health.
How can practices find out more about the new payment solutions?
Practices can reach out to Rectangle Health for further information and guidance on implementing the embedded payment solutions in their workflows.
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