With recourse and non-recourse options, HFD is on a mission to serve the underserved, so that every single patient has affordable finance options for their healthcare, regardless of their credit score. Rectangle Health is a private company that has been in the industry for 29 years. HFD provides an end-to-end solution that empowers providers to approve 100% of their patients, without sacrificing their margins or patient experience to traditional subprime lenders. HFD is the leading Buy Now, Pay Later platform for elective healthcare procedures. Since 1993, Rectangle Health has streamlined practice management workflows for tens of thousands of practices in the United States. The company’s patented Practice Management Bridge® platform enhances the patient experience, reduces administrative burden, boosts financial stability, and simplifies healthcare and payment compliance.
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Rectangle Health equips healthcare practices with the technology and tools to attract and retain patients from registration to post-care billing. Utilizing proprietary algorithms, HFD assesses a patient’s creditworthiness and provides multiple payment plan options for every patient without ever impacting their credit. Since 2009, HFD has helped providers treat nearly a million patients by offering affordable pay-over-time plans to every patient, regardless of their credit score. HFD is an end-to-end patient finance solutions platform specializing in dental, vision, audiology, and cosmetics. The Care Now, Pay Later option is a non-recourse offering whereby providers receive payment shortly after each contract is initiated. Once a patient accepts a pay-over-time option, HFD will originate loans and manage payments directly with the patient. Within Rectangle Health’s Practice Management Bridge® platform, users can easily begin the finance process. The enhanced Care Now, Pay Later financing option will be available to clients beginning in July. "Our integration with HFD allows our clients to implement a widely adopted retail model that empowers patients to receive the care they need with manageable financing options." That’s where the Care Now, Pay Later option comes in – created exclusively for the betterment of both patients and providers," said Mike Peluso, Chief Technology Officer at Rectangle Health. "The ever-increasing cost of healthcare procedures has left providers with the challenge of getting paid.
Through direct integration with HFD, providers can work effectively with patients who would prefer to pay their balance over time instead of at the time of service. VALHALLA, N.Y., June 09, 2022-( BUSINESS WIRE)-Rectangle Health, a leading provider of healthcare financial technology and patient engagement solutions, has partnered with Healthcare Finance Direct (HFD) to launch their Care Now, Pay Later ℠ patient finance offering.
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