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

1. Texas Capital partners with Axxess for faster payment reconciliation. 2. Integration reduces payment matching time from weeks to 24 hours. 3. RevNow processed 115 million claims nationwide in 2024. 4. Partnership targets home health and hospice provider efficiencies. 5. Texas Capital provides customized solutions to various sectors.

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Why Bullish?

The integration could enhance Texas Capital's revenue through increased client satisfaction and efficiency. Historically, similar partnerships in fintech have led to stock price appreciation when they boost operational efficiencies.

How important is it?

The integration with Axxess addresses significant operational challenges in healthcare payments, potentially increasing TCBI's competitiveness and market share, thus impacting its stock positively.

Why Short Term?

Quick benefits from the integration are expected to show results almost immediately. Previous tech integrations have led to observable upticks in client acquisition and retention soon after announcement.

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AXXESSZIONCMA
Product Integration to Help Speed Up Payment Reconciliation , /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. "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 AxxessAxxess 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 CapitalTexas 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[email protected]SOURCE Axxess WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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