What You Ought to Know:
– Rectangle Well being, a acknowledged chief in healthcare know-how options, at this time introduced a partnership with ECHO Well being, Inc. (ECHO®), a funds firm targeted on eradicating complexity, prices, and fraud threat from fee processing.
– This collaboration grants healthcare organizations unprecedented entry to automated claims fee processing, Explanations of Funds (EOPs), and posting through the business’s most complete digital fee community.
Revolutionizing Payer Reimbursement: Rectangle Well being’s PayerSync Companions with ECHO to Streamline Income Cycles
Rectangle Well being’s PayerSync resolution is redefining payer reimbursement by introducing a quicker, extra clear, and safe system for healthcare suppliers. By way of full digitization, encryption, and automation, PayerSync improves fee visibility, accelerates income cycles, and enhances compliance — all whereas decreasing administrative pressure.
Now built-in with ECHO Well being, PayerSync customers can entry remittance and fee capabilities from over 450 payers, increasing the platform’s attain and enhancing effectivity on the follow degree.
“This collaboration represents a leap ahead for the business, absolutely digitalizing and automating the fee course of at a vital juncture of the income cycle,” stated Tom Davis, Chief Gross sales Officer at ECHO Well being. “We’re excited to companion with Rectangle Well being, a company who shares our ardour, historical past, and modern philosophy of simplifying healthcare funds.”
Key Advantages and Influence of the PayerSync–ECHO Integration
- Vital Discount in Reimbursement Delays
In line with Well being Affairs Scholar, suppliers usually face a 4–6 week delay in receiving and processing funds. PayerSync automates the fee workflow — decreasing payer cycles by a mean of 12+ days and processing funds 50% quicker. - Operational Effectivity Good points
Automation of ECHO funds and EOPs right into a unified submit inside EHRs or PMS platforms streamlines operations. Clients report saving 20 employees hours per location every month. - Safe and Compliant Processing
Encrypted API connections remove the necessity for handbook card entry, enhancing each information safety and accuracy. Deposits are delivered on to supplier accounts with standardized EOP codecs and comment codes. - Direct Posting of Remittance
Claims remittance might be reviewed and posted on to affected person accounts, closing the loop inside the identical system — simplifying reconciliation and enhancing follow workflows.
The PayerSync and ECHO Well being partnership marks a pivotal shift towards a extra automated, digital-first future in healthcare funds — delivering measurable ends in velocity, safety, and administrative effectivity.
