Centralized platform will drive continued innovation in financial engagement while simplifying payment operations
RevSpring, a portfolio company of Frazier Healthcare Partners, has completed the acquisition of TrustCommerce, a company backed by Waud Capital Partners and a leading provider of integrated healthcare payment and security solutions. This acquisition builds on RevSpring’s Best in KLAS recognized patient financial experience platform and is aimed at accelerating innovation in financial engagement, simplifying payment processes, and providing healthcare providers and payers with greater operational control from payment initiation through reconciliation.
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Scott MacKenzie, Chief Executive Officer of RevSpring, stated that the acquisition broadens the company’s integrated payments capabilities and strengthens its platform. He emphasized that healthcare providers and partners will benefit from fewer disconnected vendors, more streamlined reconciliation, and a unified payments infrastructure, all while maintaining flexibility with existing banking and merchant relationships. According to MacKenzie, the integration ensures a more consistent and efficient approach to managing payment workflows across the revenue cycle.
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RevSpring plans to merge TrustCommerce’s enterprise gateway connectivity and established integrated payments capabilities with its own payments and financial engagement solutions. This combined platform will enable organizations to centralize payment operations, reduce complexity, and improve financial visibility across pre-service, point-of-service, post-service, and back-office operations.
Anthony Lucatuorto, Chief Executive Officer of TrustCommerce, noted that the collaboration transforms fragmented payment systems into a cohesive, end-to-end solution. He highlighted that the partnership will allow providers and partners to simplify payment processes, expand transaction flexibility, and gain better operational oversight through a single, integrated platform.
Steve Callis, President of Payments at RevSpring, added that both companies bring extensive healthcare experience, serving the largest health systems as well as independent practices. He pointed out that their teams understand the unique challenges faced by healthcare organizations and are committed to modernizing payment workflows while improving financial engagement. Callis emphasized that integrating TrustCommerce strengthens RevSpring’s connections to leading electronic health record and practice management systems.
The strategic benefits of the acquisition include enhanced integrated payments, which expand RevSpring’s EHR-connected customer base while maintaining flexibility for existing merchant relationships. It also simplifies the healthcare payment ecosystem by providing full end-to-end visibility, reducing vendor complexity, and enabling more consistent patient experiences. Additionally, TrustCommerce’s gateway control extends RevSpring’s integrations with major payment processors and devices, allowing simpler onboarding for bring-your-own-merchant scenarios and greater adaptability for future product improvements.
This move follows RevSpring’s acquisition of Kyruus Health and reinforces the company’s strategy to create more connected and streamlined experiences in healthcare payments. Financial Technology Partners served as the exclusive strategic and financial advisor to TrustCommerce during the transaction.
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