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Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

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Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Platform Modernization

Modernizing payments in the banking and healthcare industries

AI, Self Learning & Deep Learning Technologies

Optimized AI and deep learning models for the automation of check processing and healthcare posting

Operationalizing AI & Self Learning in Checks

Revolutionizing check processing and fraud prevention for the banking industry

Delivering Healthcare Payment Electronification

Increased accuracy levels, decreased error rate for healthcare payments posting

Product Videos

See how each product/service module of OrboAnywhere and OrboAccess delivers value from our check and healthcare payment platforms

Corporate Video & Podcast

See and hear how OrboGraph incorporates AI, deep learning and self learning technologies into its product suite

Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Access EOB Conversion

Delivers EOB/EOP electronification with information intelligence via AI and deep learning technologies

Access Correspondence Letters

Extracts posting data and tracks reimbursement progress via workflow management

Access Payment Reconciliation

Streamlines the reconciliation process of ERA, ACH, EOB and checks

Access Patient Payments

Automates patient payments for posting

Access Denial Intelligence

Spotlights trends in denials to reduce receivables via prevention

Healthcare Payments Automation Center

Scalable, reliable, flexible cloud-based hosted data center on Amazon Web Services (AWS)

Modernizing RCM with AI

An informative resource to assist RCM companies in understanding how to solve today's problems with the help of AI.

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

Anywhere Fraud

Transaction and image analysis for on-us and deposit fraud detection of counterfeits, forgeries, and alterations.

Anywhere Recognition

Divergent multi-engine CAR/LAR, ICR, OCR & AI check recognition for the Omnichannel

Anywhere Validate

Validate payment negotiability of paper originated items

Anywhere Payee

Match, read, and validate payees for risk and operational workflows

Anywhere Positive Pay

Payee name verification of business checks using issue files

Anywhere Compliance

Mitigate risk in check payments for OFAC, BSA/AML, UCC, Reg CC, and KYC

Restrictive Endorsement

Automatic validation of restrictive, mobile and non-restrictive endorsements

Traditional Products

Based on the Accura XV platform

Modernizing Omnichannel Check Fraud Detection

An informative blog series exploring payments fraud and image technologies used to fight financial crimes.

Helping Bankers Sell Medical Lockbox Services

This summer, price transparency advocates finally made progress with a new executive order on “Improving Price and Quality Transparency in American Healthcare to Put Patients First”. In a RevCycleIntelligence article, several hospitals warned that prices may actually increase with such an order — not surprising, in that reforms many times have unknown ramifications due to the nature of market forces.

[The executive order] directed HHS to propose a regulation within 60 days that requires hospitals to publicly post standard charge information, including charges and information based on negotiated rates in a patient-friendly format.

The executive order also included directions for making out-of-pocket cost information available to patients, addressing surprise medical bills, and empowering patients to gain greater control over their healthcare resources.

The goal of this change: increase competition by requiring hospitals to release actual costs of care, resulting in lower costs for patients and the system overall.

A new study from the Harvard T. H. Chan School of Public Health seems to indicate that the industry’s attitude toward increased price transparency may be misplaced.

A new RevCycleIntelligence post reports:

Published in the September 2019 edition of Health Affairs, the study examined healthcare price transparency efforts in Massachusetts, which makes data available on actual prices negotiated between payers and providers.

Using a unique data set from a state agency that contains prices by procedure, payer, and provider for 291 predominantly outpatient medical services, researchers found that Massachusetts could save between 9.0 and 12.8 percent if policymakers and payers use the price information to steer patients to lower-price providers or set ceiling prices for services.

“The simulations suggested greater potential savings from steering than from price ceilings—because steering would reallocate services to providers with prices along the price distribution, whereas price ceilings would increase the number of providers paid the seventy-fifth-percentile price,” they wrote in the study.

The strategy is, of course, based on the belief that greater healthcare price transparency will empower patients to select low-cost, high-quality providers, generating greater value.

Which way do you think costs will go — up or down? Whether you agree or disagree, a Mad*Pow survey found that 61% of patients are confused by medical bills, and over 49% said they were unsure if the total owed was correct. This is an underlying problem!

What’s the solution? Providers need to cater to patients with new tools to easily track and reconcile their options. For the revenue cycle, electronifying paper-originated remittances will ensure that payment and remit data is accurate and available downstream for patients.

This blog contains forward-looking statements. For more information, click here.

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