BillFlash

What BillFlash does

BillFlash, operated by parent company NexTrust, Inc. and headquartered in Utah (United States), is a cloud-based, all-in-one billing, payment, patient-financing, and collections platform primarily serving U.S. healthcare providers, with secondary application to dental, vision, medical billing services, and municipal utility billing. The company was founded circa 2002-2003 and has cumulatively served more than 60,000 providers. Founder and CEO Tyler Walton leads the business, which reports operating from a very lean stated headcount (1-10) while distributing through direct sales, channel partners, and 100+ practice management and billing application integrations.

The platform unifies the full patient-billing lifecycle: PreBill (free pre-visit billing), eBill Notices via text/email, paper Mailed Bills, automated PayReminders, online/mobile payments, OfficePay, a Payment Gateway, StoredPay/AutoPay/PlanPay payment management, FlexPay patient financing, integrated collections, and full-service Revenue Cycle Management (RCM). Patient-facing touchpoints are centralized through PayWoot.com, and provider-facing operations through MyProviderLink.com. The platform is HIPAA-compliant (with a Business Associate Agreement for PHI handling) and PCI-DSS compliant, supports Card Account Updater integrations with Visa, Mastercard, and Discover, and claims operational outcomes including a 60% lift in payments and a reduction in average days-to-payment from 20 to 9.

The business model is transactional with no long-term contracts: customers (healthcare practices, billing services, and select municipalities) pay only for services used, while PreBill pre-visit billing and Online eBills are offered free of charge as adoption funnels. Revenue is generated through per-transaction billing service fees (eBill Notices, Mailed Bills, PayReminders), payment processing, patient financing economics (FlexPay), RCM managed services, and collections. Distribution combines direct enterprise field sales (demo/enrollment calls), channel resellers and VARs, integration-driven adoption across 100+ billing applications, and a self-serve free tier, supported by content marketing (podcast, webinars, ROI calculator, referral program with $200 rewards).

Name

BillFlash

Legal name

NexTrust, Inc.

Website

https://billflash.com/

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

BillFlash, operated by NexTrust, Inc., is a cloud-based billing, payment, patient-financing, and collections platform serving U.S. healthcare providers and select municipalities, integrated with 100+ practice management applications and sold on transactional, no-contract pricing.

Ownership category

akta.pro rank

Headquarters

HQ city

Park City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction-based Billing Services: BillFlash charges transactional fees for billing services including eBill Notices, Mailed Bills, and PayReminders. The platform uses a 'no contracts and transactional pricing' model where customers only pay for what they use.
2. Payment Processing Services: Revenue from payment processing including online, mobile, office-entered, automated, and gateway payments. Includes competitive processing fees for merchant accounts.
3. Patient Financing (FlexPay): Patient financing solution where providers receive full payment upfront while BillFlash manages installment collections from patients. Generates revenue through financing terms and interest.
4. Revenue Cycle Management (RCM) Services: Full-service RCM outsourcing where expert coders and billers manage insurance and patient billing revenue. Includes pre-claim services through collections.
5. Collections Services: Integrated collections services for past-due accounts with Recovery Specialists implementing debt collection best practices while maintaining physician-patient relationships.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

BillFlash is a cloud-based all-in-one platform that enables healthcare providers to send patient bills, accept payments across multiple channels, offer patient financing, and recover past-due accounts. Its suite bundles pre-visit billing, electronic and mailed bill notices, automated pay reminders, integrated collections, full-service revenue cycle management (RCM), and FlexPay patient financing into a single vendor relationship with unified reporting.

Product overview

BillFlash is a cloud-based all-in-one billing, payment, patient financing, and collections platform for healthcare providers and RCM companies. The platform integrates PreBill (pre-visit billing), eBill Notices, Mailed Bills, PayReminders, Online/Mobile Payments, OfficePay, Payment Gateway, Card Account Updater, FlexPay (patient financing), Integrated Collections, and Revenue Cycle Management (RCM) services. Core features include PayWoot.com and MyProviderLink.com payment portals, along with AutoPay, StoredPay, and PlanPay payment management tools. The platform supports over 100 billing application integrations and is designed to consolidate vendors into one application with unified reporting.

Differentiator

Problem solved

Functional benefit

Brands

• PayWoot.com: Online payment portal where payers can view their statements (eBills) and make payments online
• FlexPay
• PreBill
• eBill
• PayReminders
• AutoPay
• StoredPay
• PlanPay
• OfficePay
• OnlinePay
• The Billing Blueprint Podcast

Products and services

• PreBill (Pre-Visit Billing) Pre-visit billing solution that allows healthcare providers to request payment from patients via email or text before their scheduled appointments, helping reduce outstanding balances and improve cash flow. Free of charge.
• eBill Notices Same-day electronic bill notifications delivered via text and email that notify patients bills are available to view and pay online at the PayWoot.com payment portal.
• Mailed Bills Professionally printed and customizable mailed bill statements delivered through USPS First Class Mail with next business day approval processing.
• PayReminders Automated pre-collection billing reminders sent via email and text that motivate customers to pay faster, with automatic removal from the sequence upon payment.
• Online & Mobile Payments Payment solutions enabling mobile, online, in-office, mail, and phone payments, with supporting features for stored payment methods, recurring automatic payments, and automated payment plans.
• Payment Gateway Online payment processing service enabling merchants to accept payments from customers through various payment methods via PCI-compliant processing.
• FlexPay Patient Financing Transparent patient financing solution offering quick online applications, no hard credit checks to apply, no fees, 90% approval rates, and 0% interest options. Providers receive full payment immediately with no future bad-debt recourse.
• Integrated Collections Service that simplifies flagging accounts eligible for collection recovery efforts, working with practice management applications to send past-due A/R to collections, supported by Recovery Specialists.
• Revenue Cycle Management (RCM) End-to-end managed RCM solution where expert coders and billers handle pre-claim services through collections, including insurance and patient billing revenue.
• Online eBills Free paperless online bill presentation, created for every approved bill and viewable at the PayWoot.com payment portal.

Quantifiable outcome

• Increases payments by up to 60%
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• NexTrust, Inc. (Parent Company)coreOthersNexTrust, Inc. is the parent company and operator of BillFlash. The company has been getting Providers paid for over 20 years with the BillFlash suite of services. NexTrust provides all technology, operations, and brand ownership for BillFlash.
• 100+ Billing Application IntegrationscoreTechnology or IntegrationBillFlash is integrated with more than 100 billing applications and practice management software systems, enabling seamless workflow integration for healthcare providers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Waystar: Leading healthcare revenue cycle management and payments platform serving hospitals and large provider systems. Comparable to BillFlash in combining patient billing, payments, and collections, but operates at enterprise scale with broader hospital focus.
• CareCredit (Synchrony Financial): Patient financing product for healthcare, dental, and vision procedures offered by Synchrony Financial. Most directly comparable to BillFlash's FlexPay patient-financing line as a competing patient-pay solution at provider point of service.
• R1 RCM: Large-scale, end-to-end revenue cycle management services and technology for hospitals and healthcare systems. Comparable to BillFlash's RCM service line but at enterprise scale with outsourced operating capability.
• Experian Health: Healthcare-focused arm of Experian offering identity, eligibility, billing, and patient-payment solutions. Comparable to BillFlash across patient billing, payments, and collections, but as part of a much broader data-and-analytics portfolio.
• athenahealth: Cloud-based practice management, EHR, and revenue cycle management platform for medical practices and hospitals. Comparable to BillFlash's RCM, billing, and payment offerings within a broader enterprise suite.

Direct peers

• Rectangle Health: Healthcare-focused payment processing and patient-engagement platform serving medical and dental practices. Directly comparable to BillFlash's payment-processing and patient-financing offerings for SMB healthcare providers.
• Cedar: Patient billing, payments, and engagement platform used by healthcare providers and billing services. Closely comparable to BillFlash's eBill Notices, online payments, and patient-experience stack, with a focus on patient financial journey.
• HealthPay24: Patient payment and billing portal used by hospitals and physician practices. Directly comparable to BillFlash's PreBill, eBill, and patient-payment portal products for healthcare-provider customers.
• Tebra (formerly PatientPop + Kareo): Practice management, billing, and patient-experience platform for independent medical practices. Directly comparable to BillFlash in serving specialty medical and dental SMBs with integrated billing and patient payments.

Emerging players

• Collectly: Digital patient billing and collections platform for medical practices and RCM companies. Overlaps directly with BillFlash's PayReminders, eBill Notices, and Integrated Collections offerings for SMB healthcare customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BillFlash_
• YouTubeyoutube.com/channel/UCBhspf1RccJJUlH0K8EoPNA
• Facebookfacebook.com/BillFlashServices
• LinkedInlinkedin.com/company/nextrust
• Instagraminstagram.com/billflash_nextrust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BillFlash