In a press release on Wednesday (Oct. 25), TSYS, a payment solution provider, announced news of a new partnership with Rectangle Health. The collaboration is intended to broaden TSYS clients’ access to integrated software solutions.
The partnership, according to TSYS, is in large part due to Rectangle Health’s Practice Management Bridge processing software, which will allow TSYS to improve its position in the healthcare marketplace.
“We are very excited to partner with Rectangle Health and promote their industry-leading healthcare Practice Management Bridge,” said Carl Mazzola, president of Integrated Payment Solutions, TSYS. “With Practice Management Bridge, Rectangle Health has created a unique solution that both simplifies and strengthens the patient engagement process.”
“We are excited to present Practice Management Bridge to our healthcare clients as the revolutionary solution they need to best service their patients,” Mazzola added.
The TSYS executive, in a recent interview with Karen Webster, addressed how technology can help consumers and physicians alike when managing the frictions of increasing healthcare costs.
Part of TSYS’ work with healthcare professionals is making it easier for patients to have accounts on file and set up payment plans.
“As patients, we too have to learn that we have to take responsibility for what we are going to owe,” Mazzola said in the interview. As patients become more comfortable making payments and managing their accounts digitally, practitioners can offer new payment solutions using technology.”
Rectangle Health is a healthcare payment and processing company, according to the press release. It provides hospitals, physicians, insurance groups and billing services with tracking and reporting systems for the management of payments.
“Our new relationship with TSYS is exciting and allows us to quickly expand our network of healthcare providers. A broader network gives us more opportunities to deliver a frictionless patient experience from provider to provider,” said Michael Peluso, general manager of Rectangle Health.