Axxess and Texas Capital Enter Strategic Partnership to Enable Faster Payer Remittance for Care at Home Providers

Rhea-AI Summary

Axxess and Texas Capital have announced a strategic product integration between Texas Capital's RevNow and Axxess RCM to accelerate payment reconciliation for home health and hospice providers. The integration aims to streamline back-office operations by automating the matching of payments and remittances, reducing the manual tracking process from weeks to 24 hours.

RevNow, Texas Capital's revenue cycle management solution, processed 115 million claims nationwide in 2024. The integration will be available to Axxess home health and hospice clients using the Axxess RCM solution for direct payer claims submission.

Positive

• Integration reduces payment reconciliation time from weeks to 24 hours
• RevNow demonstrated significant scale with 115 million claims processed in 2024
• Partnership enables operational cost reduction through automation

Negative

• None.

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Product Integration to Help Speed Up Payment Reconciliation 

DALLAS, April 21, 2025 /PRNewswire/ -- Axxess, the leading global technology platform for healthcare at home, and Texas Capital, a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers, announced a product integration that will enable faster payment reconciliation for home health and hospice providers. The integration between Texas Capital's RevNow product and Axxess RCM optimizes the back-office payer reconciliation workflow using sophisticated automation that matches payments and remittances, eliminating the need for manually tracking payments.

The integration of Texas Capital's RevNow product and Axxess RCM eliminates the need for manually tracking payments.

"This partnership will help providers save a tremendous amount of time running their business," said Ron Olajide, Chief Financial Officer at Axxess. "Providers often spend days and even weeks manually matching paper remittances to submitted claims. Using this integration providers will be able to automate that task and cut it from a couple weeks to just 24 hours. It is tremendous value added to streamline operations and reduce costs through automation and artificial intelligence."

Texas Capital's RevNow is a revenue cycle management product that helped process 115 million claims nationwide in 2024.

"It is a privilege for Texas Capital to provide innovative cash management solutions to clients in the healthcare space," said Nancy McDonnell, Head of Treasury Solutions at Texas Capital. "RevNow is a client-centric product that will enable Axxess' clients to focus on their core operations to drive efficiency."

The integration will be available to Axxess home health and hospice clients that use the Axxess RCM solution to submit claims directly to payers.

About Axxess
Axxess is the leading global technology platform for healthcare at home. The company offers a robust ecosystem that empowers healthcare organizations and professionals to deliver the highest quality care. By integrating with partners and payers from across the healthcare continuum, more than 9,000 organizations trust the Axxess network to care for more than 7 million patients worldwide. Multiple independent certifications have confirmed that Axxess has the most secure and industry-compliant software solutions. The company's collaborative culture focused on innovation and excellence is recognized nationally as a "Best Place to Work."

About Texas Capital
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank ("TCB"). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

Contact: Johnathan Eaves
(903)445-6969
jeaves@axxess.com

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SOURCE Axxess

FAQ

How will the Axxess and Texas Capital (TCBI) partnership benefit healthcare providers?

The partnership automates payment reconciliation, reducing processing time from weeks to 24 hours, streamlining operations and reducing costs through AI-driven automation.

What is the processing volume of Texas Capital's RevNow platform in 2024?

RevNow processed 115 million claims nationwide in 2024.

Who can access the Texas Capital-Axxess integration for payment reconciliation?

The integration is available to Axxess home health and hospice clients who use Axxess RCM to submit claims directly to payers.

What specific operational improvements does the TCBI RevNow integration offer?

The integration automates matching payments and remittances, eliminating manual tracking and streamlining back-office payer reconciliation workflow.