Archive for August 2017

Paper Remains: OrboGraph Highlighted as Top 25 Healthcare Technology Vendor for 2017

Healthcare costs are skyrocketing and paper remains an obstacle to electronification —  but, even with all that, the August CIO Applications publication (see electronic versions here) highlighted OrboGraph as a Top 25 Healthcare Technology Solution Provider for 2017! The magazine highlighted the OrboAccess cloud-hosted platform solution, which not only intercepts the paper but also streamlines the overall…

Read More

OrboGraph Highlighted in CIO Applications’ Top 25 Healthcare Technology Solution Providers – 2017

Automating the Payment Cycle provides visionary direction for healthcare payments and remittances Billerica, MA, August 29, 2017 – OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, was recently highlighted in…

Read More

For Checks, One Percent Increase Feels Like Thirty

A few weeks back we noted that a study had found that B2B payments by check actually increased by 1 percentage point from 2013 to 2016 (according to the 2016 AFP Electronic Payments Survey). Magnus Carlsson, manager of treasury and payments for the Association for Financial Professionals, took a deeper look at the significance of that one…

Read More

A “Blocking and Tackling” Approach to Healthcare Revenue Cycle

The football season is soon upon us, and so we will tie this recent RevCycle Intelligence article into the season of the gridiron by offering a refresh to those in the industry and a step-by-step overview with many industry stats related to healthcare revenue cycle. Kicking off a new season in football requires practice, repetition,…

Read More

Another Milestone: ATM’s Reach the Half-Million Mark

A new analysis of industry data by the ATM Industry Association (ATMIA) reveals that there are now between 475,000 and 500,000 ATMs operating out there in the U.S. market. This achievement comes after years of what can be characterized as fairly stagnant growth (attributable to a struggling economy, Windows updates, and a complex EMV migration, among…

Read More

EDI 835’s Close the Loop for Healthcare Fraud and Compliance

A comprehensive article at RevCycleIntelligence entitled “How Providers Can Detect, Prevent Healthcare Fraud and Abuse” offers insight into ways to “tighten the ship” regarding practices that cost the industry billions of dollars a year. Complying with the myriad of regulations can be difficult for providers who already focus on a range of priorities, including care delivery,…

Read More

VIDEO: Check Payments Increasing in B2B

Contrary to what might be considered “conventional wisdom,” in 2016 51% of business-to-business payments were made by check. Does that mark a slowing in the “disappearance” of check usage? Au contraire – that number is up from 50% in 2013! Magnus Carlsson, AFP’s Manager of Treasury and Payments, discusses in the attached video the new…

Read More

Hospitals Leaving $22M On the Table Says Advisory Board

Fierce Healthcare reviewed a report by The Advisory Board and lists four challenges in the area of Revenue Cycle Management. Most significantly, they point out that hospitals concentrating on costs are leaving big dollars on the table: The Advisory Board found that because of the focus on cost reductions over RCM revenues, the average 350-bed hospital…

Read More

Financial Industry Tech – Think LONG Term

The story of Eastman Kodak’s fate is often used to illustrate the danger of late adoption of new technology. Even venerable and ostensibly rock-solid entities can find themselves marginalized and, ultimately, pushed out the picture (so to speak) if they don’t keep up with emerging tech. An article in the Harvard Business Review uses the…

Read More

Cloud-Hosted vs. On-Premises Healthcare Applications

Adoption is driving huge growth for cloud IT vendors. However, an article at HIT Infrastructure shows that, in spite of the many advantages of cloud-hosted Healthcare computing — increased flexibility as well as less expensive scale when more space is needed (among other strengths) — many healthcare organizations are still weighing their options. IT departments who…

Read More