Sunbound provides a unified financial platform specifically for senior living operators to manage all incoming revenue streams. The system integrates private payments, expert claims management, and financial agility tools to ensure predictable cash flow. This modernization reduces administrative burden, shortens DSO, and allows staff to focus more on resident care.
Funding
Funding not disclosed
Founders
Product
Problem
Senior living communities face challenges in managing accounts receivable, leading to delayed payments, increased billing errors, and inefficient payment processes. Traditional systems often lack the flexibility to accommodate the diverse payment preferences of residents and their families, resulting in administrative overhead and potential revenue loss.
Solution
Sunbound provides an automated accounts receivable (AR) platform designed specifically for senior living communities, streamlining payment processes and improving revenue collection. The platform offers flexible billing options and enables upfront monthly payments from residents and their families, enhancing cash flow predictability. Sunbound's solution integrates with existing systems, minimizing disruption while maximizing efficiency in AR management. By automating billing QA and providing a user-friendly payment portal, Sunbound reduces administrative burden and ensures accurate, timely payments.
Target Audience
Sunbound targets senior living communities and their management companies seeking to optimize accounts receivable processes, reduce administrative costs, and improve resident satisfaction.
Features
- Automated payment reminders and notifications
- Flexible payment options for residents and families, including online payments, auto-pay, and family payment sharing
- Integration with existing accounting and property management systems via API
- Real-time reporting and analytics on payment trends and AR aging
- Automated claims management for Medicaid and Medicare
- Secure, PCI-compliant payment processing
- Dedicated support team for communities and residents