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AI Innovation

Both the financial and healthcare industries are undergoing an AI evolution. Review our vision for Artificial Neural Networks (ANN) and deep learning targeting these industries.

AI-Based Check Automation

Check recognition & fraud detection are the most important components in today's check processing and omni-channel capture. Learn how OrboAnywhere using OrbNet AI technology reduces costs and mitigates risk.

AI-Based Healthcare Electronification

OrboAccess, powered by OrbNet AI, provides electronification to remits and payments, enabling RCM companies to automate posting, improve research, and deliver business intelligence

About Us

Celebrating 25 years of innovation, OrboGraph has transformed into an AI company delivering targeted automation solutions to the banking and healthcare industries.

Resources

From news and events to case studies, trends, and videos, this section provides a range of information resources for payment automation in the banking and healthcare industries.

Blogs

OrboGraph produces four blog series on a weekly basis covering topics from check processing, fraud prevention, AI technologies, RCM, and healthcare electronification. Select one the blog to the right. We hope you enjoy!

What’s really happening in hospitals related to electronification of payments? Have other topics become a priority? Are there “hidden” problems in infrastructure which are adding excessive costs to the healthcare industry? 

Along with Commonwealth Health Advisors, OrboGraph completed a market research initiative which surveyed over 100 US hospitals. The objective of the research was to benchmark the electronic and manual business practices related to healthcare payments within these organizations. For example, were insurance payments mainly electronic (using EDI 835 files) or  paper-originated (via EOB, explanation of benefits forms)?

Important strategic takeaways included:

  • Only 66.8% electronification was achieved via the payment process overall from the survey results. Larger hospital systems were the most successful, but there is significant room for improvement.
  • Nearly 50% of the hospitals are unhappy with how they are processing Correspondence letters.
  • Less than 17% of the hospitals are fully implemented with an electronic reconciliation of EFT/ACH to 835/ERA .
  • Nearly 30% of the market is unsatisfied with how their processes are managing the remaining paper remittances.

Overall, it’s clear that the road to significant cost savings and operational improvements is paved with 100% electronification. Significant progress still needs to be made, however, to achieve efficiencies and cost-savings in EOB and correspondence letter processing.

Click below to read The State of Healthcare Payment Electronification in U.S. Hospitals and see if any of our data surprise you.

The State of Healthcare Payment Electronification in US Hospitals

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