Healthcare providers now have a new option with the introduction of Clover PracticePay by Clover.
Clover PracticePay: A Revolutionary Payments Platform for Healthcare Providers
In a significant move, Fiserv-owned Clover has introduced a new all-in-one payments platform called Clover PracticePay, specifically designed for small and medium-sized healthcare providers. This innovative solution aims to streamline payment processes, modernize operations, and enhance patient relationships within the healthcare industry.
At the heart of Clover PracticePay is the integration of Rectangle Health’s Practice Management Bridge technology with Clover's point-of-sale (PoS) hardware. This collaboration provides a seamless payments and practice management experience tailored for healthcare settings such as primary care, dental, behavioral health, and other specialties.
The platform is designed to comply with HIPAA and PCI standards, ensuring secure handling of sensitive patient and payment data. It offers core payment features that simplify payment collection and management, including financing options for patients, recurring billing capabilities, text-to-pay and QR code payment options, and online payment portals that integrate with existing practice management software.
Clover PracticePay is more than just a payments platform. It aims to modernize healthcare provider operations, addressing the expanding patient expectations and the increasing complexity of healthcare administration by digitizing and streamlining payment processes. By doing so, it enables healthcare providers to focus on their patients, rather than administrative burdens.
The launch of Clover PracticePay marks an expansion of Clover beyond its traditional markets (restaurant, retail, personal services) into the high-demand healthcare industry. With the US healthcare economy valued at $4.5 trillion, this move positions Clover to support healthcare practices aiming to modernize and improve financial workflows.
Clover's journey began in 2010, when it was founded to help small businesses accept payments. Over the years, it has evolved, and today, it serves as a one-stop shop for multiple payment needs, offering software for online orders, accounting, loyalty programs, staff management, inventory, and more.
In partnering with healthcare payments solutions company Rectangle Health, Clover aims to set a new standard for practice management and payment solutions in the healthcare space. Rectangle Health, founded in 1992, provides healthcare organizations with a suite of services that streamline payments, enhance patient relationships, and comply with regulatory standards.
Dominick Colabella, CEO of Rectangle Health, has played a pivotal role in the creation of Clover PracticePay. This collaboration between Clover and Rectangle Health underscores a shared commitment to revolutionize the healthcare industry and provide efficient, secure, and patient-friendly payment solutions to healthcare providers.
In conclusion, Clover PracticePay promises to transform the way healthcare providers manage their financial systems, offering a more efficient, secure, and patient-friendly payment experience. As healthcare practices continue to evolve and adapt to meet patient demands, Clover PracticePay stands ready to support them in their journey towards modernization and improved financial management.
[1] Clover Press Release, "Clover Introduces Clover PracticePay, an All-in-One Payments Platform for Healthcare Providers," [Date of Publication]
[2] Rectangle Health Press Release, "Rectangle Health and Clover Partner to Create Clover PracticePay," [Date of Publication]
[3] Fiserv Press Release, "Fiserv-owned Clover Unveils Clover PracticePay, an All-in-One Payments Platform for Healthcare Providers," [Date of Publication]
The innovative Clover PracticePay platform, designed for healthcare providers, integrates technology and finance by offering a seamless payments and practice management experience, equipped with financing options and digital platforms, aiming to modernize the industry and streamline operations within the healthcare sector. This collaboration between Clover and healthcare payments solutions company Rectangle Health positions Clover to support the expanding US healthcare economy, valued at $4.5 trillion, and set a new standard for practice management and payment solutions in the industry.
