Healthcare providers are now offered a new payment solution by Clover with the introduction of Clover PracticePay.
Clover, a leading payments solutions provider, has partnered with Rectangle Health, a specialist in healthcare payments, to launch Clover PracticePay - an all-in-one payments platform designed specifically for small and medium-sized healthcare providers. This innovative solution aims to modernize operations, meet expanding patient expectations, and navigate the increasing administrative complexity and digitization requirements of the healthcare industry.
Key Features of Clover PracticePay
Clover PracticePay integrates Rectangle Health's Practice Management Bridge technology with Clover's point-of-sale hardware, creating a unified, seamless payment management system. The platform ensures HIPAA-compliant processing, offering flexible payment options, and enabling secure online payments. It also supports mobile and digital transactions, such as pay-by-text, recurring billing, and digital statements. Furthermore, it provides real-time reporting and reconciliation, helping merchants manage finances more efficiently.
Benefits of Clover PracticePay
The benefits of Clover PracticePay are manifold. It simplifies the payments experience, minimizing errors and reducing the administrative workload. The built-in compliance features help providers adhere to healthcare regulations with less effort and lower risk of breaches or fines. The platform offers financial flexibility through payment plans and financing options, ultimately improving patient satisfaction and retention. Its integration with Clover devices and Rectangle Health’s software reduces the need for multiple systems, cutting down on both training time and system maintenance. The automated recurring payments, online portal support, and secure processing speed up collections, helping providers maintain healthier cash flow. The platform is scalable, designed to grow with the provider’s needs and adapt to changes in healthcare payment demands.
The Future of Healthcare Payments
Clover PracticePay is set to launch in 2026 and will be compliant with HIPAA and PCI requirements. This new solution represents a major step forward for healthcare payment processing, combining the reliability and innovation of both Clover and Rectangle Health into a HIPAA-compliant, all-in-one platform. Its seamless integration, flexible payment options, and robust compliance features position it as a compelling solution for practices looking to modernize their payment infrastructure and improve both efficiency and patient satisfaction.
With this collaboration, Clover aims to expand beyond its core verticals, which include restaurant, retail, and personal services, and extend into the high-demand healthcare industry. By adding healthcare payments, Clover and Rectangle Health aim to set a new standard for practice management and payment solutions in the healthcare space, enabling providers to enhance their financial systems while maintaining focus on their patients. These features can be integrated into customers' existing practice management software, making the transition seamless for healthcare providers.
Clover, originally founded in 2010, has evolved from helping small businesses accept payments to becoming a one-stop shop for multiple payment needs. With the launch of Clover PracticePay, the company continues to innovate and meet the evolving needs of its customers in the ever-changing landscape of the payments industry.
- Clover PracticePay, built on Rectangle Health's technology and Clover's point-of-sale hardware, bridges the gap between science, technology, and the health-and-wellness industry, offering an all-in-one payments platform for small and medium-sized healthcare providers.
- The fintech and finance sectors play a crucial role in Clover PracticePay, as it provides financial flexibility through payment plans, financing options, and real-time reporting to help practices manage their finances more efficiently.
- By partnering with Rectangle Health, Clover aims to diversify into the growing healthcare industry, using technology to modernize operations and meet the digitization requirements of the healthcare and finance industries, thereby improving patient satisfaction and provider efficiency.
