Rectangle Health Appoints FinTech Vet Sid Singh CEO

Rectangle Health has appointed FinTech and healthcare veteran Sid Singh as CEO.

Singh succeeds Dominick Colabella, who has served as the company’s CEO since 2016, will continue to serve on the board and remains a significant investor in the firm, Rectangle Health said in a press release on Tuesday (March 21).

“Sid and the management team will be responsible for taking Rectangle Health to the next level, building on its solid foundation,” Colabella said in the release. “Our corporate vision and priorities remain the same, and I will be involved as a member of the board and support Rectangle Health’s strategic initiatives, Sid and the entire team.”

Singh’s two decades of experience in FinTech and the healthcare sector include software-as-a-service (SaaS), technology, data and analytics, according to the press release.

According to his LinkedIn profile, Singh most recently served as president of United States Information Solutions at Equifax. Before that, he served as CEO of Integrated Solutions & Vertical Markets at Global Payments.

“I am incredibly excited to take on this role and about what the future holds for Rectangle Health,” Singh said in the release. “We have a remarkably talented team dedicated to helping providers improve their practices with our software and payment solutions so they can focus on delivering exceptional patient care.”

PYMNTS research has found that digital health care and payment options can improve patients’ relationships with providers while also getting providers paid.

For example, most consumers expressed significant interest in payment plans and in covering bills that insurance won’t pay for with affordable payments, according to “Connected Healthcare: What Consumers Want From Their Healthcare Customer Experiences,” a PYMNTS and Rectangle Health collaboration.

These solutions could lend a hand to the business end of healthcare, which remains mired in paper billing and unpaid debt, the report found.

Every minute practitioners spend trying to collect unpaid bills sees the price go up and the amount of money going back into care providers’ coffers goes down, Colabella told PYMNTS in an interview published in August 2021.

“You have to have really spectacular driving tools and modalities for payment so that patients are engaged on that easily,” Colabella said at the time.