Rectangle Health Collaborates with Patterson Dental to Enhance Payment Solutions for Healthcare Providers

Rhea-AI Summary

Rectangle Health announced integrations with Patterson Dental Supply, a subsidiary of Patterson Companies (Nasdaq: PDCO). The integration connects Rectangle Health's Practice Management Bridge® platform with Patterson's dental practice management software solutions - Dolphin Management, Fuse, and Eaglesoft.

The collaboration aims to enhance payment processing capabilities for dental practices through features including:

• Streamlined payment processing workflows
• Multiple payment options including mobile, online, and contactless
• Automated payment reminders and Text to Pay functionality
• Improved cash flow and Accounts Receivable collection rates

Positive

• Integration with Patterson Dental's software solutions expands Rectangle Health's market reach
• New payment capabilities expected to improve cash flow and collection rates for dental practices
• Partnership enhances operational efficiency through streamlined payment processing

Negative

• None.

News Market Reaction

+0.48%

1 alert

+0.48% News Effect

On the day this news was published, PDCO gained 0.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Patterson Approved Vendor status will pave the way for customers to securely use new payments capabilities.

VALHALLA, N.Y., Dec. 10, 2024 /PRNewswire/ -- Rectangle Health, a leading provider of innovative payment solutions for healthcare providers, today announced integrations with Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (Nasdaq: PDCO). The approved integrations with Patterson Dental's industry-leading practice management software solutions – Dolphin Management, Fuse, and Eaglesoft – aim to streamline payment processes and enhance the financial experience for dental practices and their patients.

By integrating Rectangle Health's Practice Management Bridge® platform with Patterson Dental's comprehensive suite of dental solutions, dental health providers will benefit from a seamless and efficient payment experience. In particular, the enhanced integration with Dolphin Management will enable dental practices to:

• Simplify Payment Processing: Streamline payment processing workflows, reducing administrative burdens and increasing operational efficiency.
• Enhance Patient Experience: Offer patients convenient ways to pay, including mobile, online, contactless, and secure card on file, improving overall patient satisfaction.
• Improve Financial Performance: Increase cash flow and Accounts Receivable collection rates through faster collections and automated payment reminders, such as Text to Pay.

"Our customers have enthusiastically embraced Rectangle Health's Practice Management Bridge platform, and we're thrilled to offer this capability to Patterson customers," said Brian Doyle, Senior Vice President of Enterprise and Technology Partnerships at Rectangle Health. "By seamlessly connecting with Patterson Dental's practice management software, we can help dental practices thrive in today's competitive market."

"Collaborating with Rectangle Health aligns with our commitment to provide comprehensive solutions that empower dental practices," said Brad Joseph, Vice President of Software Product Development at Patterson Dental. "This integration provides our customers a more streamlined and efficient payment experience and helps them improve the financial health of their practice."

Current Patterson Dental practice management software customers can learn more about Rectangle Health by visiting https://bit.ly/rh-patterson, calling 1.800.337.3630 or emailing info@rectanglehealth.com 

About Rectangle Health:
A leader in innovative healthcare technology for over 30 years, Rectangle Health is a trusted partner to more than 36,000 healthcare providers. The company's comprehensive platform, Practice Management Bridge®, streamlines daily business operations including patient communications and engagement, payments and reimbursements, and office compliance. Customers of all sizes, in all sectors of healthcare, rely on Rectangle Health's easy-to-use and scalable software to deliver a measurable increase in productivity and profitability, while improving patient experience. Learn more: www.rectanglehealth.com.

About Patterson Dental:
Patterson Dental, a subsidiary of Patterson Companies Inc. (Nasdaq: PDCO), connects dental customers in North America to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain are equaled only by our dedicated, knowledgeable people who deliver unrivaled expertise and unmatched customer service and support. Learn more: www.pattersondental.com.

MEDIA CONTACTS:
Rectangle Health
Michelle Dowling
Executive Vice President, Marketing
704-792-8214
mdowling@rectanglehealth.com 

Patterson Dental Corporate Communications
John M. Wright, Investor Relations
651.686.1364
john.wright@pattersoncompanies.com
pattersoncompanies.com 

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SOURCE Rectangle Health

FAQ

What software platforms will Rectangle Health integrate with Patterson Dental (PDCO)?

Rectangle Health will integrate with Patterson Dental's Dolphin Management, Fuse, and Eaglesoft practice management software solutions.

What payment features are included in Rectangle Health's integration with Patterson Dental (PDCO)?

The integration includes mobile payments, online payments, contactless payments, secure card on file, and Text to Pay functionality with automated payment reminders.

How will the Rectangle Health integration benefit Patterson Dental (PDCO) customers?

Customers will benefit from streamlined payment processing, improved cash flow, better Accounts Receivable collection rates, and enhanced patient payment experience.