VALHALLA, N.Y. – April 8, 2025 – Rectangle Health, a leader in healthcare payment solutions, today announced the launch of PayerSync™, a groundbreaking solution designed to digitize and accelerate the critical payer to provider payment process.
PayerSync delivers the fastest payments in healthcare by integrating existing payer and provider systems, automating both payer payments and Explanation of Payments (EOPs) into a single, one-click posting directly to the Practice Management System (PMS) or Electronic Medical Record (EMR) system. This innovation improves the revenue cycle with secure, context-rich data, resulting in unprecedented reimbursement and reconciliation efficiency.
“Building on our 30-year legacy of simplifying the business side of healthcare, we’re proud to introduce technology that, for the first time, combines patient and payment data in a seamless, HIPAA-compliant solution to streamline processes for all types of healthcare organizations,” said Dominick Colabella, Chief Executive Officer at Rectangle Health. “This major advancement digitizes and automates a crucial step, significantly decreasing time to reimbursement while strengthening payer-provider relationships, thereby solidifying the financial health of practices.”
Rectangle Health partners with the largest healthcare payers in the United States to bring PayerSync’s substantial benefits to practices, including:
- End-to-End Digitization: Automates the payer payment cycle, from claim submission to payment receipt.
- Accelerated Reimbursements: Creates immediate access to working capital and improved cash flow.
- Seamless Integration and Security: Integrates with existing systems, ensuring HIPAA-compliant data exchange and reconciliation.
“PayerSync marks a pivotal breakthrough in the evolution of healthcare payments,” said Mike Peluso, Chief Product and Strategy Officer of Rectangle Health. “We are proud to introduce this advancement, which transforms the healthcare payment landscape by finally automating the data and payment exchange between payers and providers.”
Rectangle Health is dedicated to empowering healthcare providers with the tools they need to thrive in an increasingly complex environment. PayerSync reflects the company’s unwavering commitment to innovation and its dedication to simplifying the business side of healthcare.
About Rectangle Health:
Rectangle Health empowers healthcare providers to thrive by delivering innovative payment and software solutions. For over 30 years, the company has been dedicated to simplifying the business of healthcare, enabling providers to focus on delivering exceptional patient care. To learn more, visit www.payersync.com.
Contact:
Michelle Dowling
Executive Vice President, Marketing
mdowling@rectanglehealth.com
704.792.8214