Leading fintech company integrates with low-code technology solutions provider to deliver secure payments for health and wellness visits.
Nashville, TN, April 20, 2021 —Sphere, a leading provider of end-to-end integrated payments and security software, today announced it has teamed up with Raintree Systems, a provider of Practice Management, Revenue Cycle, Clinical Documentation, and Interoperability solutions to a broad range of healthcare specialties and industry segments including Physical Therapy, Pain Medicine, Rheumatology, and more.
For nearly 40 years, Raintree Systems has been building software solutions for the healthcare and wellness market. Raintree Systems has developed a comprehensive collection of software development tools to empower insurance payers, providers, hospitals, and healthcare IT consultants to rapidly deliver solutions throughout the continuum of care.
Together with Sphere, their solution now allows practices greater payment functionality to expand ways to take payments, improve the onboarding experience and allow for seamless, automated workflows. These direct integration benefits will include:
- Easy onboarding with a seamless application process for clients
- Ability to take omnichannel payments—in person, online and over the phone
- Enhanced back office payment functionality, allowing payments to be accepted directly within the Raintree application without double posting
- Utilizing plug and play USB hardware with no middleware
“Raintree Systems has provided leading digital healthcare solutions to healthcare providers for decades,” said Steve Rizzuto, Chief Executive Officer of Sphere. “We are pleased to have Raintree Systems utilize the Sphere platform to deliver a more robust payment experience within their complete practice management and electronic medical record software.”
“The addition of Sphere to our ecosystem provides a great no-code payment processing solution for those desiring to leverage our software development platform to create new solutions and for our clients that currently utilize solutions we have delivered with the building blocks of our technology stack,” said Richard Welty, Founder and Chief Executive Officer of Raintree Systems.
Sphere is a leading financial technology and software company revolutionizing integrated commerce solutions for healthcare and its synergistic verticals. Trusted by the nation’s largest health systems, Sphere delivers a highly integrated cloud-based platform that reduces friction and facilitates better and more secure patient payments that drive revenue. Sphere’s Health iPASS platform enhances provider revenue collection by simplifying the patient check-in process and facilitating pre-service, time-of-service and post-service engagement and payments through an innovative, multi-channel virtual software interface. For more information on Sphere, visit www.spherecommerce.com or follow us on Twitter and LinkedIn.
About Raintree Systems
Raintree Systems is an industry leading software company that provides the most complete, comprehensive, and custom configurable solutions for the healthcare marketplace. Raintree has a proven track record of success and client satisfaction in patient engagement & communications, revenue cycle management (RCM), physical therapy & rehabilitation, rheumatology, pulmonology, ambulatory surgery, behavioral health, long-term pediatric rehabilitation, chiropractic, pain medicine, and billing service sectors. With more than 2,500 implementations and more than 25,000+ users deployed, in more than 50 specialties, our customer base includes commercial, nonprofit and government agencies across the US and Canada. Raintree’s commitment to “Software-as-a-Relationship” uniquely distinguishes them from other providers in the market.
This acquisition combines Sphere’s strength in integrated healthcare payments software and technology with Health iPASS’s leading operational and financial technology to create a single platform for patient payments.
Nashville, TN, December 17, 2020—Sphere, a leading provider of end-to-end integrated payments and security software, today announced its acquisition of Health iPASS, an innovative provider of cloud-based patient engagement software and revenue cycle management technology.
Health iPASS specializes in solutions that enhance provider revenue collections and deliver a streamlined healthcare consumer experience from appointment to final payment. The software helps providers accelerate cashflow, reduce the cost to collect, lower claim denials, and improve patient relations. The technology improves the healthcare consumer experience by simplifying the check-in process and payment experience by facilitating pre-service, time-of-service and post-service engagement and patient payments through an innovative, multi-channel virtual software interface.
“Recent events have accelerated healthcare providers’ need for virtual interactions with their patients throughout the patient experience. The Health iPASS software platform addresses those needs by streamlining the check-in and financial engagement workflow to increase provider revenue and improve patient communications,” said Andrew Rueff, Executive Chairman of Sphere. “This strategic acquisition builds upon Sphere’s strong presence in the healthcare market and adds a highly relevant and unique set of software solutions to address the growing demand for improved patient engagement and payment experience in healthcare.”
“As a leading patient engagement and revenue cycle platform, Health iPASS is a tremendous fit with the strategic direction of Sphere to further our capability within healthcare and wellness,” said Steve Rizzuto, Chief Executive Officer of Sphere. “Additional healthcare integrations expand our opportunity to offer our payment solutions to the healthcare marketplace. With their unmatched technology, common vision and reputation for excellence, we are excited to welcome them to the Sphere organization.”
“The Health iPASS team has built a tremendous business with innovative technology and has reached a point where we will benefit from broader distribution channels, an in-house acquiring platform and a global brand. These gaps are filled when combined with Sphere,” said Rajesh Voddiraju, Founder and Chief Executive Officer of Health iPASS. “We are aligned in vision, aspiration for growth and believe the future investment will help us capture significant market opportunity.”
The Health iPASS patient friendly platform supports more than 850 payers, 90 practice management systems and is payment processor-agnostic. The company’s commitment to personalized client support will remain unchanged as Health iPASS clients will remain with their existing relationship team.