On March 21, Rectangle Health announced that Sid Singh had been appointed as the new CEO of the company, taking over from Dominick Colabella, who had held the position since 2016. Colabella will remain on the board of directors and continue to be a significant investor in the company. Rectangle Health stated that Singh and the executive team will be responsible for taking the company to the next level and building on its solid foundation. The company’s corporate vision and priorities will remain unchanged, and Colabella will support Rectangle Health’s strategic initiatives.
Sid Singh has over 20 years of experience in the FinTech and healthcare industries, including expertise in software-as-a-service (SaaS), technology, data, and analytics. Prior to his appointment at Rectangle Health, Singh was the president of United States Information Solutions at Equifax and the group president of Integrated Solutions & Vertical Markets at Global Payments.
“I am thrilled to take on this role and look forward to the future of Rectangle Health,” said Singh. “We have an incredibly talented team dedicated to helping providers improve their practices with our software and payment solutions, allowing them to focus on delivering exceptional patient care.”
Rectangle Health provides digital healthcare management and payment options that can enhance patients’ relationships with providers and ensure that providers receive prompt payment. According to PYMNTS research, consumers are interested in payment plans and covering bills that insurance will not pay for with affordable payments.
These solutions can improve the business end of healthcare, which still relies on paper invoicing and unpaid debt. According to Colabella, every minute practitioners spend trying to collect unpaid bills sees the price going up and the amount of money going back to care providers’ coffers going down. He emphasized the importance of having easy-to-use payment tools and modalities to engage patients.
As the new CEO, Singh will lead Rectangle Health’s efforts to expand its digital healthcare management and payment options. The company’s goal is to help providers improve their practices by offering software and payment solutions that are easy to use and affordable for patients.
Under Singh’s leadership, Rectangle Health will continue to focus on delivering exceptional patient care by providing innovative solutions that improve the healthcare experience for everyone involved. With his extensive experience in the FinTech and healthcare industries, he is well-positioned to lead the company into the future and help it achieve its goals.
Singh’s appointment comes at a crucial time for Rectangle Health and the healthcare industry. The COVID-19 pandemic has accelerated the shift to digital healthcare management and payment options, making it more important than ever for companies like Rectangle Health to offer easy-to-use and affordable solutions.
Rectangle Health’s digital healthcare management and payment options have the potential to transform the healthcare industry by improving the patient experience, reducing administrative burdens on providers, and ensuring that providers receive prompt payment for their services.
Singh’s experience in the FinTech and healthcare industries makes him the ideal candidate to lead Rectangle Health through this period of growth and transformation. With his leadership, the company will be well-positioned to capitalize on the opportunities presented by the shift to digital healthcare management and payment options.
In conclusion, Sid Singh’s appointment as the new CEO of Rectangle Health is an exciting development for the company and the healthcare industry. With his extensive experience in the FinTech and healthcare industries, he is well-positioned to lead the company through a period of growth and transformation. Rectangle Health’s digital healthcare management and payment options have the potential to transform the healthcare industry, and under Singh’s leadership, the company will be well-positioned to capitalize on this opportunity.