5 Reasons Paper Checks Fight Back, Spur Innovation

May 30, 2017 / 0 Comments

Despite the aggressive marketing attacks by many electronic payment platforms, even Bankrate advises readers to think twice before consigning their checkbooks to the nostalgia pile. Go to the link for details, but the five fundamental reasons paper checks are still important payment tools, according to Bankrate, are as follows: Many businesses shun plastic Ease of person-to-person…

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Value-Based Purchasing Still on the Table Despite Risk to ACA

May 25, 2017 / 0 Comments

RevCycle Intelligence reports on a recent BDC Advisors survey stating that, in spite of a possible Affordable Care Act repeal, healthcare executives still plan to stay the course with value-based purchasing implementation and healthcare cost reduction initiatives. However, political and legislative uncertainty has prompted executives to slow major capital investments. The report went on to say: Among the dozen C-suite leaders…

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orbonation

OrboGraph Launches OrboAccess as Healthcare Payment Platform, Expands Functionality with Interactive EOB, Executive Dashboard and Denial Intelligence

May 24, 2017 / 0 Comments

New branding, modules and features offer enhanced access to healthcare payment and remittance data.   Billerica, MA, May 25, 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, has…

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online banking

Mobile RDC: Banks Driving Volume, Managing Risks

May 24, 2017 / 0 Comments

Mobile check deposit rolled out almost five years ago, and at that time it was used mainly by tech-savvy leading-edge early adopters. The “mainstream” bank customer, however, felt intimidated by the tech, or was discouraged by the limits set on deposits. Undaunted, BBVA Compass aggressively addressed theses concerns over the past year. The bank increased its check amount limits,…

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united states seal

CMS and Medicaid DSH Calculation: 4 Things to Know

May 18, 2017 / 0 Comments

The Centers for Medicare & Medicaid Services (CMS), the US federal agency which administers Medicare, Medicaid, and the State Children’s Health Insurance Program, issued a final rule March 30 addressing how Medicare and other third-party payments are treated when calculating hospitals’ Medicaid Disproportionate Share Hospital payments. Becker’s Hospital Review breaks down four important things to know about the…

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check processing

Life After “Death” – Consumers Still Find Checks Compelling

May 16, 2017 / 0 Comments

“Until about five years ago, I used to carry my checkbook everywhere,” writes Lainie Petersen in the Money Crashers blog. “In fact, some of my purses even had a special compartment that provided easy access to my oft-used pad of checks. Nowadays, however, I leave my checkbook at home. In fact, I can’t remember the last time…

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motion code

Would Motion Code Protection Against Credit Card Fraud Increase Check Fraud?

May 10, 2017 / 0 Comments

A French digital payment security company called Oberthur Technologies (OT) thinks it can pretty much eliminate credit card fraud with a new technology it calls Motion Code. What’s Motion Code? It’s basically a means of changing static CVVs to dynamic CVVs, changing every hour. If a bad guy gets your card, it would only be useful for…

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healthcare payments

Stop Blaming “Gravity” for Your Revenue Cycle Problems

May 5, 2017 / 1 Comment

Derek Pierce of the consulting firm Healthcare Management Partners (HMP) says stop blaming market conditions for lagging revenue cycle performance. Look within, he advises. “If you’re unable to collect the cash quick enough, that could indicate that management isn’t focused on what’s important,” the HMP Managing Director recently told RevCycleIntelligence.com. “You can blame gravity for…

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intelligent check processing

Fed’s New Payment System & ECCHO Webinar: Good News for the Future of Checks

May 2, 2017 / 0 Comments

Last month at the RDC Forum: Atlanta, an event hosted by RemoteDepositCapture.com, a new unified platform for processing check and ACH transactions was discussed by a Fed spokesman. It’s expected to make its debut at the central bank later this year. The changes are a modernization of the Fed’s own internal systems, and appears to hold…

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