Fiserv-owned point-of-sale (PoS) system Clover unveiled Clover PracticePay at this time. The brand new answer is an all-in-one funds platform to assist small and medium-sized healthcare suppliers.
To optimally tailor the instrument to the healthcare subject, Clover partnered with healthcare funds options firm Rectangle Well being. The brand new answer goals to simplify the best way healthcare practices handle funds whereas offering them with digital instruments to assist improve their follow efficiencies.
Launching in 2026, PracticePay combines Rectangle Well being’s Observe Administration Bridge expertise with Clover’s PoS {hardware} and is compliant with HIPAA and PCI necessities. Designed for suppliers throughout major care, dental, behavioral well being, and different specialties, the funds answer options financing choices, recurring billing, text-to-pay, QR codes, and on-line fee portals that may be built-in into prospects’ present follow administration software program.
For Clover, launching PracticePay will assist it develop past its core verticals, which embody restaurant, retail, and private companies. Including healthcare funds will permit Clover to increase into the high-demand healthcare business by which suppliers are searching for to modernize operations to fulfill increasing affected person expectations, rising administrative complexity, and digitization necessities. PracticePay will assist Clover meet these wants whereas capturing a phase of the $4.5 trillion US healthcare financial system.
“As we proceed to evolve Clover to fulfill the wants of small and medium-sized companies, trusted companions like Rectangle Well being play a vital position in delivering specialised options for key industries,” mentioned Fiserv SVP, Head of Service provider FI Channels & Small Enterprise Technique Katie Whalen. “Healthcare is a vital vertical for the banking business, and with this new answer, we’re enabling our monetary establishment companions to higher serve a vital buyer base inside their communities. By uniting Clover’s main expertise with the energy and safety of Rectangle Well being’s purpose-built software program, we’re extending our attain into healthcare and enabling suppliers to function extra effectively, enhance fee flows, and improve the affected person expertise.”
A pioneer within the funds house, Rectangle Well being was based in 1992 to create fee options for the healthcare business. The corporate supplies healthcare organizations with a collection of companies that streamline funds, improve affected person relationships, and adjust to regulatory requirements.
“Along with Clover, we’re proud to set a brand new normal for follow administration and fee options within the healthcare house,” mentioned Rectangle Well being CEO Dominick Colabella. “This collaboration will allow suppliers to boost their monetary techniques whereas remaining targeted on what issues most—their sufferers.”
Clover was initially based in 2010 to assist small companies settle for funds. In the present day, the corporate serves as a one-stop store for a number of fee wants. Along with providing a variety of fee acceptance terminals, Clover additionally has software program to assist companies with on-line orders, accounting, loyalty packages, employees administration, stock, and extra. Clover was acquired in 2012 by First Knowledge, which was acquired by Fiserv in 2019.
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