Transforming Healthcare Finances: Rectangle Health and ECHO Health Join Forces to Streamline Payer Payments for Providers

VALHALLA, N.Y., Aug. 5, 2025 /PRNewswire/ — Rectangle Health, a leader in healthcare tech, has teamed up with ECHO Health, Inc. This partnership aims to simplify the payment process in healthcare, making it quicker and more secure. Healthcare organizations can now access automated claims processing, helping them get reimbursed faster.

With the PayerSync™ solution, Rectangle Health aims to reshape how healthcare providers handle payments. This tool speeds up revenue cycles, offers clear visibility into payer payments, and enhances security through automation and encryption. The collaboration with ECHO expands access to over 450 payers, increasing efficiency for healthcare practices.

Tom Davis, Chief Sales Officer at ECHO Health, noted, “This partnership is a significant step forward in automating healthcare payment processes, especially at crucial points in the revenue cycle.”

Recent studies show that healthcare providers often wait four to six weeks for reimbursements. The PayerSync solution addresses this issue, allowing payments to be processed 50% faster and cutting down payer cycles by an average of 12 days. Moreover, by automating processes, healthcare facilities can save about 20 staff hours monthly.

PayerSync connects quickly and securely to deliver payments directly into providers’ bank accounts, minimizing manual entries and reducing errors. Additionally, it standardizes Explanations of Payments (EOPs) into a consistent format, simplifying review and postings to patient accounts.

Michael Peluso, Chief Product and Strategy Officer at Rectangle Health, emphasized the transformative potential of this partnership. “With PayerSync, providers will enjoy an effortless reimbursement experience that saves time and reduces burdens on staff,” he said.

The impact of efficient payment systems goes beyond just convenience. According to a report from the National Center for Biotechnology Information, streamlining payments leads to better financial health for healthcare providers, which can directly improve patient care. When practices have more time and resources, they can focus more on patients rather than paperwork.

Rectangle Health has been a trusted name in healthcare technology for over 30 years, helping over 40,000 providers improve their operations. Their PayerSync solution is part of a larger trend in the healthcare industry towards automation and digital solutions that enhance operational efficiency and patient satisfaction.

ECHO Health also plays a crucial role in this landscape, managing over $180 billion in payments each year and saving clients more than $1 billion through innovative payment solutions. This collaboration aims to further eliminate complexities in healthcare transactions, providing a better experience for everyone involved.

For more details, visit www.payersync.com.

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