Axxess and Texas Capital Partner to Transform Home Health Payments

Strategic Partnership to Enhance Home Health Payments

In a significant move to streamline financial operations in the healthcare at home sector, Axxess has teamed up with Texas Capital to integrate their respective technologies. This innovative partnership is set to enable faster payment reconciliations for home health and hospice service providers, transforming the way they manage revenues.

Axxess, recognized as a leading global technology provider for home healthcare, has established a solid reputation by connecting over 9,000 organizations to serve more than 7 million patients. On the other hand, Texas Capital stands out as a full-service financial services firm, known for delivering customized solutions that cater to various aspects of business and personal finance.

The core of this partnership lies in the integration of Texas Capital’s RevNow product with Axxess’ Revenue Cycle Management (RCM) solution. This initiative aims to optimize the back-office payer reconciliation workflow, utilizing sophisticated automation technologies that match payments and remittances. By automating this complex process, the need for manual tracking is significantly diminished, leading to accelerated cash flows for healthcare providers.

Efficiency Redefined

Ron Olajide, the Chief Financial Officer at Axxess, highlighted the transformative impact of this integration on operational efficiency. He noted that traditionally, providers invested an enormous amount of time—days or even weeks—matching paper remittances to claims. The partnership promises to reduce this timeframe to just 24 hours, allowing providers to significantly enhance their operational efficiency and focus more on patient care.

“The impact of this product integration is tremendous, as it streamlines operations and reduces costs via automation and artificial intelligence,” Olajide stated. He emphasized that such enhancements are not just beneficial but essential in an increasingly competitive healthcare environment.

RevNow’s Impact

Texas Capital's RevNow, a leading revenue cycle management product, processed a staggering 115 million claims across the nation in 2024. Nancy McDonnell, the Head of Treasury Solutions at Texas Capital, expressed pride in offering innovative cash management solutions that cater specifically to the healthcare sector. She remarked, “RevNow is designed with our clients' needs at the forefront, empowering Axxess' clients to concentrate on their core operations while driving efficiency.”

The integration specifically targets Axxess’ home health and hospice clients who utilize the Axxess RCM for claim submissions directly to payers, marking a significant leap towards modernization of financial operations within the sector.

Conclusion

Both Axxess and Texas Capital are committed to empowering healthcare organizations through technology, ensuring that they can focus on what truly matters—delivering high-quality care to patients. As the healthcare landscape evolves, partnerships like this one are crucial in promoting efficiency and sustainability in operations, ultimately benefiting both service providers and patients alike.

With such promising innovations on the horizon, stakeholders in the healthcare at home industry can look forward to a future where financial operations are seamless and patient care remains the top priority.