Healthcare providers are now equipped with Clover's latest offering, Clover PracticePay, a solution aimed at simplifying their financial management.
Clover, the payment solutions company originally founded in 2010 to help small businesses accept payments, has unveiled a new product - Clover PracticePay. This all-in-one payments platform, owned by Fiserv, is designed specifically for small and medium-sized healthcare providers.
Clover PracticePay is set to revolutionize the healthcare payments landscape with its key features and benefits.
Streamlined Payment Processes
Clover PracticePay offers financing options, enabling healthcare providers to offer patients flexible payment plans, making it easier for them to manage healthcare expenses. The platform also includes recurring billing, which automates repeated patient billing for ongoing care, improving cash flow consistency.
Convenient Payment Collection
The platform offers text-to-pay and QR code payment options, making it easy for patients to pay securely and quickly. An online payment portal provides an accessible digital interface for patients to view and pay their bills anytime.
Compliance and Integration
Clover PracticePay ensures patient data privacy and security in line with healthcare regulations by integrating Rectangle Health’s Practice Management Bridge technology with Clover’s POS hardware. This seamless integration combines Rectangle Health's healthcare payment technology with Clover’s reliable point-of-sale system, offering a modern, user-friendly solution.
Expansion into the Healthcare Industry
Clover's collaboration with Rectangle Health, a company founded in 1992 to create payment solutions for the healthcare industry, aims to set a new standard for practice management and payment solutions in the healthcare space. This partnership will help Clover expand beyond its core verticals into the healthcare industry.
Launch and Availability
Clover PracticePay is set to launch in 2026. The platform can be integrated into customers' existing practice management software, making it a seamless addition to their current systems.
With Clover PracticePay, healthcare practices can manage payments more efficiently, improve patient billing engagement, and support providers with flexible financing—all while leveraging Fiserv’s robust payment and technology infrastructure. This innovative solution will help Clover capture a segment of the $4.5 trillion US healthcare economy.
[1] Clover PracticePay Overview [2] Fiserv Acquires First Data Corporation [3] Clover's Collaboration with Rectangle Health [4] Rectangle Health's Compliance with Regulatory Standards
- Clover PracticePay, a payments platform designed for small and medium-sized healthcare providers, is set to revolutionize the healthcare payments landscape with its features such as financing options, recurring billing, secure text-to-pay, and QR code payments.
- Leveraging Fiserv’s robust payment and technology infrastructure, Clover PracticePay offers healthcare practices a means to manage payments more efficiently, improve patient billing engagement, and support providers with flexible financing.
- To maintain patient data privacy and security in line with healthcare regulations, Clover PracticePay integrates Rectangle Health’s Practice Management Bridge technology with Clover’s POS hardware, ensuring seamless compliance and a modern, user-friendly solution.
