I would guess the receiver just sits there waiting for a signal. Are you getting the warning triangle come up on the dash when the TPM's register as ---? I had different types of failure, sometimes they just would never register after moving off (with no warning triangle) and at other times they would work and then give up the ghost while I was riding (with warning triangle). Sometimes they came back, sometimes they did'nt. The dealer kept resetting the computer when I reported it but it wasn't until I had total failure that they replaced them. I had the front changed first then the rear packed up two months later.
The receiver has never been touched as far as I am aware, but I don't know where it is anyway - I'm assuming its in the instrument cluster but could be wrong.