RESIDENT TRUST FUNDS

Streamline tracking of your residents' trust funds.

Long-Term Care facilities use VistaKEANE Resident Trust to set up and track their residents' incoming and outgoing funds in the residents' account.

Federal law requires facilities provide a trust fund for any Medicaid resident that requests one. Funds can be set up for other purposes such as burial, savings, and security deposits.

Resident Trust Funds handles:

• Interest allocation

• Bank reconciliation

• Petty cash

• Bank charges distribution

• IRS 1099-INT forms

• Statements for residents and family

Resident Trust Funds Features

• Supports batch processing of deposits and withdrawals

• Provides features for balancing petty cash

• Supports splitting Social Security checks between a resident's fund and other account

• Generates reports for day-to-day operations and management information

• Supports adding a cash drawer to all fund types

How Can I Find Out More About Resident Trust Funds?