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. 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.
“For too many patients, a poor credit score prevents them from obtaining affordable finance options for their healthcare needs, and that’s just plain wrong. We’re excited to launch our integration with Rectangle Health and look forward to helping more people get care.
“The ever-increasing cost of healthcare procedures has left providers with the challenge of getting paid. 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. “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.”
The enhanced Care Now, Pay Later financing option will be available to clients beginning in July. Within Rectangle Health’s Practice Management Bridge® platform, users can easily begin the finance process. Once a patient accepts a pay-over-time option, HFD will originate loans and manage payments directly with the patient. The Care Now, Pay Later option is a non-recourse offering whereby providers receive payment shortly after each contract is initiated.
HFD is an end-to-end patient finance solutions platform specializing in dental, vision, audiology, and cosmetics. 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. Utilizing proprietary algorithms, HFD assesses a patient’s creditworthiness and provides multiple payment plan options for every patient without ever impacting their credit.
“At HFD, we’re on a mission to help providers treat more patients and make sure every patient has access to affordable pay-over-time plans, because cost should not be the barrier that prevents a patient from receiving the treatment they need,” said Tyler Johnson, CEO of HFD. “For too many patients, a poor credit score prevents them from obtaining affordable finance options for their healthcare needs, and that’s just plain wrong. We’re excited to launch our integration with Rectangle Health and look forward to helping them and their clients provide quality, affordable healthcare to more patients.”