TransactCare offers a payment platform tailored for long-term healthcare, enabling secure and streamlined transactions for resident expenses. The platform integrates with existing healthcare systems and provides multiple payment options, including payment plans and mobile payments, to simplify billing for both facilities and families.
Funding
Funding not disclosed
Founders
Product
Problem
Long-term care facilities face challenges in managing resident expenses due to manual billing processes, delayed payments, and lack of transparency for both facilities and families. Inefficient payment workflows consume staff time, increase administrative costs, and can lead to late payments, impacting cash flow.
Solution
TransactCare provides a payment platform designed specifically for the long-term healthcare industry, streamlining and automating the billing and payment process for both facilities and payors. The platform integrates with existing healthcare systems, such as PointClickCare, and offers multiple payment options, including credit card, ACH/eCheck, and recurring payment setups. By automating payment reminders, delivering electronic statements, and providing real-time payment notifications, TransactCare reduces administrative burden, accelerates payment processing, and improves transparency. The HIPAA-compliant and PCI Level 1 secured platform ensures secure transactions and protects sensitive payment data.
Target Audience
TransactCare targets long-term care facilities, skilled nursing facilities, memory care facilities, and continuing care retirement communities (CCRCs), as well as the families and account guarantors responsible for resident payments.
Features
- Integration with PointClickCare and other healthcare management systems
- Secure payment processing via credit card and ACH/eCheck
- Automated payment reminders and notifications via email or text message
- Electronic statement delivery and online access to payment history
- Recurring payment setup for automated billing
- Real-time payment receipts and reconciliation
- PCI Level 1 compliant payment vault for maximum data security
- HIPAA-compliant data handling
- Administrative user authentication for privilege management