NexTrust

What NexTrust does

NexTrust, Inc. is a Utah-headquartered cloud billing and payment technology company founded in 2002 (Park City), operating the BillFlash platform ecosystem under multiple registered trademarks. Its core functional surface spans billing (mailed bills, online eBill notices with paperless notifications), payments (online and mobile self-pay, office-entered payments, automated recurring payments), FlexPay patient financing, integrated collections, expert revenue cycle management, and gateway/merchant account services, with a browser-based PayWoot payer portal that supports 24/7 bill payment, payment plans, and guest checkout without requiring an app download. Processing infrastructure is operated from facilities in Carol Stream, IL; Ferndale, MI; Troy, MI; and Renton, WA, in addition to Park City headquarters and a Lindon regional office, indicating meaningful physical print/mail and payment operations. The company maintains HIPAA Business Associate Agreements, addressing a key compliance requirement for healthcare customers, and it has received consecutive recognition as a Best and Brightest Company to Work For in the Nation.

The business is monetized primarily through transaction-based fees generated as billers send bills and receive payments through BillFlash, supplemented by reseller commissions shared with over 300 authorized resellers and a referral program paying $200 per converted lead. Go-to-market is channel-led: in addition to the broad authorized reseller and VAR network, software partners (EZClaim, MediPro) integrate BillFlash into their billing applications via API, producing an embedded distribution layer. Direct sales support is available for enterprise accounts. End-customer pricing is not publicly disclosed and the company is privately held, founder-led (Tyler Walton, Founder & CEO), and self-funded with no disclosed venture capital or private equity rounds.

The platform primarily serves medical and healthcare providers, with secondary coverage of dental practices and municipalities (utilities). Customer segments bifurcate into billers (businesses sending invoices through BillFlash) and payers (patients, citizens, and customers consuming PayWoot). Through two decades of operation, the product set has expanded from print/mail roots (2002) to digital billing and electronic payments (2013, accompanied by a rebrand from "Statements Made Easy" to "Getting You Paid") to fuller revenue-cycle offerings including collections and RCM services (most recent expansion).

Name

NexTrust

Legal name

NexTrust, Inc.

Website

https://nextrust.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

NexTrust operates the BillFlash cloud billing and payment platform, serving medical, dental, and municipal billers through 300+ authorized resellers. The Park City, Utah-based company processes transactions for healthcare and utility clients via BillFlash, PayWoot, and an API-integrated partner ecosystem.

Ownership category

akta.pro rank

Headquarters

HQ city

Park City

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. BillFlash Transaction Processing: NexTrust earns transaction fees from billing and payment processing through the BillFlash platform. Billers send bills and receive payments through the platform, generating per-transaction revenue.
2. Reseller Commissions: BillFlash Resellers earn commissions from referred Biller billing and payment transactions. NexTrust shares transaction revenue with its reseller channel partners.
3. Referral Program Revenue: Partners in the referral program earn $200 per referral that converts into a signed BillFlash client.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

NexTrust fundamentally sells the BillFlash cloud-based billing and payment platform, which lets medical, dental, and municipal billers send invoices, accept electronic payments, run collections, and manage revenue cycle workflows in one system. The offering is paired with PayWoot, a payer-facing portal where end consumers view and pay bills online, and is delivered to billers through both direct sales and a network of authorized resellers.

Product overview

NexTrust operates as a cloud-based billing and payment technology company offering the BillFlash platform ecosystem. The portfolio consists of three primary product/service categories: (1) BillFlash.com - the core biller-facing platform providing billing management, payment processing, collections, and revenue cycle management services; (2) PayWoot.com - the payer-facing portal enabling patients and customers to view and pay bills online 24x7; and (3) Reseller Access - NexTrust's partner portal for resellers to access reports, account information, and marketing resources. The platform serves medical, dental, and municipality billers through a network of over 300 software partners and value-added resellers.

Differentiator

Problem solved

Functional benefit

Brands

• BillFlash: Cloud-based billing and payment platform providing billing solutions, payment solutions, integrated collections, and revenue cycle management services for billers (medical, dental, municipality sectors).
• PayWoot
• NexTrust Partner Portal

Products and services

• BillFlash Cloud-based billing, payment processing, and revenue cycle management platform for healthcare, dental, and municipal billers. Centralizes electronic statement delivery, online payment acceptance, and collections workflows in a single biller-facing system at BillFlash.com.
• PayWoot Payer-facing electronic bill presentment and payment portal that allows patients and citizens to view invoices and pay bills online. Complements BillFlash by completing the biller-to-payer payment loop and is accessible at PayWoot.com.

Named customers2 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• EZClaimcoreChannel Partner/ Reseller/ DistributorEZClaim has integrated BillFlash as an intricate part of their GTM strategy. They provide innovative billing software solutions to clients, and their partnership with BillFlash allows them to offer integrated payment capabilities. The marketing and sales support from NexTrust enables EZClaim to double down their efforts with great returns. Dan Loch serves as President.
• MediProcoreChannel Partner/ Reseller/ DistributorMediPro partners with NexTrust to offer BillFlash services to their customers. The tools have made their billing and payment collection process smoother and more reliable. NexTrust's support is described as top-notch, making everything feel seamless. Marc Beck serves as President.
• 300+ Authorized BillFlash ResellerscoreChannel Partner/ Reseller/ DistributorBillFlash Services are distributed through over 300 trusted partners and resellers. These resellers earn commissions from referred Biller billing and payment transactions. NexTrust handles all setup, training, and ongoing support for Billers.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cedar: Cedar is a healthcare-focused patient billing and payments platform serving providers and payers with personalized bills, payment plans, and digital outreach. It directly competes with BillFlash in the medical billing/patient payments space, with deeper enterprise penetration but similar end-user payer experience focus.
• Rectangle Health: Rectangle Health provides healthcare practices with payment processing, patient financing, and practice management technology. It targets the same SMB medical and dental provider base as NexTrust's BillFlash, making it a close vertical competitor in patient billing and collections.
• HealthPay24: HealthPay24 is a patient payment and billing platform used by hospitals and health systems. It competes with BillFlash's healthcare billing and patient payments offering, with stronger enterprise hospital footprint versus NexTrust's SMB orientation.

Broad incumbents

• Waystar: Waystar is a large, established healthcare revenue cycle management platform offering patient billing, payments, and collections. It serves as a broader incumbent in the same end-to-end RCM space where BillFlash is expanding via its RCM module.
• ACI Worldwide: ACI Worldwide is a major electronic bill presentment and payment (EBPP) vendor serving billers across multiple verticals including healthcare, utilities, and financial services. It overlaps with NexTrust's BillFlash EBPP and payment-processing capabilities at the enterprise tier.
• Stripe: Stripe is a broad digital payments platform with growing vertical SaaS and SMB healthcare payments exposure. While not healthcare-specialized, its modern API, embedded payments, and aggressive pricing make it a competitive threat to BillFlash in the SMB medical billing space.
• Bill.com: Bill.com is a leading SMB-focused bill pay, invoicing, and AP/AR automation platform. While its core focus is B2B bill pay rather than patient billing, its SMB distribution muscle and automated reminders/collections capability compete with the broader BillFlash workflow.

Emerging players

• PatientPop (Tebra): Tebra (formed via the PatientPop + Kareo merger) provides practice management, billing, and patient engagement software to independent medical practices. Its integrated billing/payments stack overlaps with NexTrust's healthcare RCM ambitions at the SMB practice level.
• Payit by Galileo (SoFi): Payit is a digital government payments platform enabling municipalities and utilities to collect citizen payments online. It overlaps with NexTrust's municipal/utility billing vertical and represents a more government-specialized competitor in the citizen bill pay space.

Others

• EZClaim: EZClaim is a medical billing software vendor and current BillFlash channel partner. It is included as a peer because it represents the type of software partner embedded in NexTrust's ecosystem — competing billing software vendors (e.g., Medisoft, eClinicalWorks adjacent) would be alternative paths for SMB billers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance1 record

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 NexTrust