Umpqua Bank Announces Collaboration with Rectangle Health to Launch Practice Management Bridge® for Healthcare Organizations
Innovative digital solution drives efficiency and revenue to strengthen competitive position of healthcare-related practices
Umpqua Bank today announced a collaboration with Rectangle Health, a leading provider of healthcare financial technology and patient engagement solutions. This relationship enables Umpqua Bank to offer its healthcare customers Practice Management Bridge, an innovative, seamless technology solution that interfaces with the daily workflows of healthcare offices to streamline and improve revenue cycle management.
According to Kathryn Albright, Umpqua’s Head of Global Payments and Deposits, the partnership with Rectangle Health reflects the bank’s commitment to help healthcare practices with complex financial needs become more efficient and competitive.
“As a highly specialized and flexible digital platform, this solution provides our customers with the ability to gain insights and efficiencies to move their business into the future,” said Albright. “This launch restates Umpqua’s continued focus on meeting our customers’ payments needs with industry-specific innovations that streamline and optimize business efficiencies, which are critical to their long-term success in a very competitive environment.”
“Umpqua Bank’s presence in the Pacific Northwest is significant and their approach to go beyond banking and become a financial partner is a differentiator. We are pleased that their team has selected Practice Management Bridge to positively affect their healthcare clients’ bottom line while creating workflow efficiencies,” said Chris Poche, Vice President of Partner Solutions at Rectangle Health.
Rectangle Health’s technology reduces the administrative, operational, and financial burden on healthcare organizations and seamlessly interfaces with their existing practice management systems and workflows. Practice Management Bridge serves as an extension of the office - making the business side of healthcare simple - by removing the complexity from the patient payment lifecycle and allowing all parties to focus on care.