Strategic Partnership with Frontier Growth Drives AxisCare's Expansion in Home Care Software Industry
In a major development for the home care technology sector, AxisCare has announced significant expansions to its platform and service offerings, fueled by a strategic investment from Frontier Growth. This partnership, established in March 2024, has ignited a period of innovation and growth at AxisCare, a leading provider of home care management software. Over the past 22 months, the collaboration has yielded remarkable results, allowing AxisCare to enhance its product offerings and reinforce its position as a trusted technology partner for home care agencies.
As part of the partnership, industry veterans Dave Pandullo and Chris Fountain joined AxisCare's Board of Directors. Pandullo brings a wealth of experience in healthcare IT investments, while Fountain's background includes leadership roles in franchise operations and post-acute care SaaS companies. This expertise is invaluable as AxisCare navigates the complexities of home care management software
A pivotal point in the partnership has been AxisCare’s acquisition of a revenue cycle management company specializing in Medicaid and Veterans Affairs billing services. This move allows AxisCare to bundle its software with comprehensive billing solutions, greatly improving the efficiency with which home care agencies can manage their finances.
Moreover, AxisCare has introduced a new suite of tools called AxisCare Intelligence, which utilizes artificial intelligence to streamline various workflows including scheduling, documentation, compliance, and business analytics. This innovation is set to alleviate the administrative burdens often faced by home care agencies, thus enhancing their overall efficiency.
In addition to technological advancements, AxisCare has committed resources to bolster enterprise capabilities, ensuring larger organizations and multi-service agencies receive the support they need. Recent upgrades to their platform now cater specifically to providers assisting individuals with intellectual and developmental disabilities. Features such as Person-Centered Plans are designed to streamline documentation of personalized services and aid compliance with Medicaid and state funding requirements.
Customer satisfaction remains a cornerstone of AxisCare's mission. The company has invested significantly in talent to maintain its leading position in the industry, and this commitment has been recognized by several prestigious organizations, including G2 and MedTech Breakthrough.
Currently, AxisCare supports more than 3,900 home care agencies, managing approximately $8 billion in annual scheduled services through its platform. CEO Todd Allen emphasized the vital nature of the partnership with Frontier Growth, stating, “Two years ago, we partnered with Frontier because they understood our vision and shared our values.” He noted the strategic progress made, including the acquisition of billing capabilities and the development of new AI tools.
Dave Pandullo, a Partner at Frontier Growth, highlighted AxisCare’s work ethic and dedication to customer satisfaction, remarking, “They’ve demonstrated that you can grow aggressively while maintaining the customer-first culture that defines their brand.” This philosophy aligns perfectly with Frontier Growth’s investment approach, which focuses on supporting purpose-driven companies in the vertical software as a service (SaaS) sector.
About AxisCare: Established as a premier all-in-one home care software solution, AxisCare caters to both single and multi-location agencies across the United States and four other countries. The platform is adept at managing a diverse range of billing scenarios, including Private Pay, Medicaid, and VA billing, while also supporting agencies in their critical operational needs. To learn more about AxisCare, visit their website at axiscare.com.
About Frontier Growth: Founded in 1999 and based in Charlotte, North Carolina, Frontier Growth is an investment firm focused on growth equity, specializing in partnering with founders of vertical SaaS companies to aid in scaling their businesses. With a people-centered investment philosophy, Frontier Growth has consistently prioritised collaboration and innovation in driving successful outcomes for its partners. To find out more, please visit frontiergrowth.com.
As part of the partnership, industry veterans Dave Pandullo and Chris Fountain joined AxisCare's Board of Directors. Pandullo brings a wealth of experience in healthcare IT investments, while Fountain's background includes leadership roles in franchise operations and post-acute care SaaS companies. This expertise is invaluable as AxisCare navigates the complexities of home care management software
A pivotal point in the partnership has been AxisCare’s acquisition of a revenue cycle management company specializing in Medicaid and Veterans Affairs billing services. This move allows AxisCare to bundle its software with comprehensive billing solutions, greatly improving the efficiency with which home care agencies can manage their finances.
Moreover, AxisCare has introduced a new suite of tools called AxisCare Intelligence, which utilizes artificial intelligence to streamline various workflows including scheduling, documentation, compliance, and business analytics. This innovation is set to alleviate the administrative burdens often faced by home care agencies, thus enhancing their overall efficiency.
In addition to technological advancements, AxisCare has committed resources to bolster enterprise capabilities, ensuring larger organizations and multi-service agencies receive the support they need. Recent upgrades to their platform now cater specifically to providers assisting individuals with intellectual and developmental disabilities. Features such as Person-Centered Plans are designed to streamline documentation of personalized services and aid compliance with Medicaid and state funding requirements.
Customer satisfaction remains a cornerstone of AxisCare's mission. The company has invested significantly in talent to maintain its leading position in the industry, and this commitment has been recognized by several prestigious organizations, including G2 and MedTech Breakthrough.
Currently, AxisCare supports more than 3,900 home care agencies, managing approximately $8 billion in annual scheduled services through its platform. CEO Todd Allen emphasized the vital nature of the partnership with Frontier Growth, stating, “Two years ago, we partnered with Frontier because they understood our vision and shared our values.” He noted the strategic progress made, including the acquisition of billing capabilities and the development of new AI tools.
Dave Pandullo, a Partner at Frontier Growth, highlighted AxisCare’s work ethic and dedication to customer satisfaction, remarking, “They’ve demonstrated that you can grow aggressively while maintaining the customer-first culture that defines their brand.” This philosophy aligns perfectly with Frontier Growth’s investment approach, which focuses on supporting purpose-driven companies in the vertical software as a service (SaaS) sector.
About AxisCare: Established as a premier all-in-one home care software solution, AxisCare caters to both single and multi-location agencies across the United States and four other countries. The platform is adept at managing a diverse range of billing scenarios, including Private Pay, Medicaid, and VA billing, while also supporting agencies in their critical operational needs. To learn more about AxisCare, visit their website at axiscare.com.
About Frontier Growth: Founded in 1999 and based in Charlotte, North Carolina, Frontier Growth is an investment firm focused on growth equity, specializing in partnering with founders of vertical SaaS companies to aid in scaling their businesses. With a people-centered investment philosophy, Frontier Growth has consistently prioritised collaboration and innovation in driving successful outcomes for its partners. To find out more, please visit frontiergrowth.com.
Topics Business Technology）
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