Axxess and Texas Capital Enter Strategic Partnership to Enable Faster Payer Remittance for Care at Home Providers
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.
Axxess e Texas Capital hanno annunciato un'integrazione strategica tra RevNow di Texas Capital e Axxess RCM per velocizzare la riconciliazione dei pagamenti per i fornitori di assistenza domiciliare e hospice. L'integrazione punta a semplificare le operazioni di back-office automatizzando l'abbinamento tra pagamenti e rimborso, riducendo il processo manuale da settimane a 24 ore.
RevNow, la soluzione di gestione del ciclo dei ricavi di Texas Capital, ha elaborato 115 milioni di richieste di rimborso a livello nazionale nel 2024. L'integrazione sarà disponibile per i clienti Axxess di assistenza domiciliare e hospice che utilizzano la soluzione Axxess RCM per l'invio diretto delle richieste ai pagatori.
Axxess y Texas Capital han anunciado una integración estratégica de productos entre RevNow de Texas Capital y Axxess RCM para acelerar la conciliación de pagos para proveedores de atención domiciliaria y hospicios. La integración busca optimizar las operaciones administrativas automatizando la conciliación de pagos y remesas, reduciendo el proceso manual de semanas a 24 horas.
RevNow, la solución de gestión del ciclo de ingresos de Texas Capital, procesó 115 millones de reclamaciones a nivel nacional en 2024. La integración estará disponible para los clientes de Axxess en atención domiciliaria y hospicios que utilicen la solución Axxess RCM para la presentación directa de reclamaciones a los pagadores.
Axxess와 Texas Capital은 Texas Capital의 RevNow와 Axxess RCM 간의 전략적 제품 통합을 발표하여 재택 건강 및 호스피스 제공자의 결제 조정을 가속화합니다. 이 통합은 결제 및 송금 매칭을 자동화하여 백오피스 운영을 간소화하고 수작업 추적 과정을 몇 주에서 24시간으로 단축하는 것을 목표로 합니다.
Texas Capital의 수익 주기 관리 솔루션인 RevNow는 2024년에 전국적으로 1억 1,500만 건의 청구를 처리했습니다. 이 통합은 Axxess RCM 솔루션을 사용하여 직접 지불자 청구를 제출하는 Axxess 재택 건강 및 호스피스 고객에게 제공될 예정입니다.
Axxess et Texas Capital ont annoncé une intégration stratégique entre RevNow de Texas Capital et Axxess RCM afin d'accélérer la réconciliation des paiements pour les prestataires de soins à domicile et d'hospice. Cette intégration vise à simplifier les opérations administratives en automatisant le rapprochement des paiements et des remises, réduisant ainsi le suivi manuel de plusieurs semaines à 24 heures.
RevNow, la solution de gestion du cycle des revenus de Texas Capital, a traité 115 millions de réclamations à l'échelle nationale en 2024. Cette intégration sera disponible pour les clients Axxess en soins à domicile et hospice utilisant la solution Axxess RCM pour la soumission directe des demandes aux payeurs.
Axxess und Texas Capital haben eine strategische Produktintegration zwischen Texas Capitals RevNow und Axxess RCM angekündigt, um die Zahlungsabstimmung für Anbieter von häuslicher Krankenpflege und Hospizdiensten zu beschleunigen. Die Integration zielt darauf ab, Backoffice-Prozesse zu optimieren, indem die Zuordnung von Zahlungen und Überweisungen automatisiert wird und der manuelle Nachverfolgungsprozess von Wochen auf 24 Stunden verkürzt wird.
RevNow, die Lösung für das Revenue Cycle Management von Texas Capital, hat im Jahr 2024 landesweit 115 Millionen Ansprüche bearbeitet. Die Integration wird für Axxess-Kunden im Bereich häusliche Krankenpflege und Hospiz verfügbar sein, die die Axxess RCM-Lösung für die direkte Einreichung von Forderungen bei Kostenträgern nutzen.
- 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
- None.
Insights
Texas Capital's healthcare payment integration with Axxess expands revenue potential through automation technology that solves critical industry pain points.
Texas Capital's strategic partnership with healthcare technology platform Axxess represents a targeted expansion of their specialized treasury management offerings. The integration connects Texas Capital's RevNow product with Axxess RCM to automate payment reconciliation for home health and hospice providers, addressing a significant operational inefficiency in healthcare billing.
The scale of Texas Capital's existing healthcare payment business is substantial - their RevNow platform processed 115 million claims nationwide in 2024. This partnership potentially expands that reach to Axxess's client base of home health and hospice providers, creating incremental revenue opportunities in a specialized vertical.
This partnership aligns with the broader banking industry trend of developing industry-specific financial technology solutions that transcend traditional banking products. For Texas Capital, healthcare payment solutions likely represent a fee-based revenue stream that diversifies beyond interest income. While financial terms weren't disclosed, partnerships of this nature typically generate revenue through transaction fees that scale with usage.
The efficiency gains cited are significant - reducing reconciliation time from weeks to 24 hours - which suggests the solution may command premium pricing. This type of integration creates stickier client relationships by embedding Texas Capital's services directly into critical operational workflows, potentially reducing client churn and creating long-term revenue stability.
Product Integration to Help Speed Up Payment Reconciliation
"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
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?
What is the processing volume of Texas Capital's RevNow platform in 2024?
Who can access the Texas Capital-Axxess integration for payment reconciliation?
What specific operational improvements does the TCBI RevNow integration offer?
