Skip to content

Resources

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.

2019 Tech Conference

May 20-21, 2019
Charlotte Marriott City Center

Industry Videos

News and trends for the banking and healthcare industries

White Papers

OrboGraph’s thought leadership and original research

Past Tech Conferences

View the highlights from past OrboGraph Tech Conferences

Product Videos

Watch our 2-minute videos to learn about our products

Partners

View our list of partners or become one yourself

News

News and updates from OrboGraph

Brochures

Download additional information on your products and services

Reg CC

Compilation of resources to help you navigate Reg CC

Events

See where OrboGraph will be next

Webinars

Learn more from OrboGraph and Industry Leaders

Testimonials

Hear what our clients and partners have to say about OrboGraph

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)

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

The Benefits of Automation at Scale

payment automation

As reported at McKinsey.com, an analysis by the McKinsey Global Institute (covering more than 800 jobs and over 2,000 work activities) showed that:

  • Globally, almost half the activities employees perform—which account for nearly USD 16 trillion in wages—could potentially be automated using existing proven technologies.
  • Automation will transform far more jobs than it will eliminate. Less than 5 percent of occupations could be completely automated using current technologies. However, at least 30 percent of employee activities in about 60 percent of occupations could be automated.
  • Among the industries studied, the automation potential ranged from 27 to 73 percent; in healthcare, it was 36 percent.

Furthermore, the article continues, automation at scale could solve the following problems health insurers currently face:

Increasing cost pressures are pushing many payers to significantly improve operations. Many claims adjudication and call center activities, such as claims reprocessing and post-call documentation, are highly repeatable and costly when handled manually, which makes them good candidates for automation.

The workforce is aging and contracting. Especially in developed societies, the workforces of many payers are shrinking as employees reach retirement age—and finding replacements is increasingly difficult. Automation can help payers effectively manage natural attrition and ensure that the remaining workforce is focused on high-value work.

Core IT systems are often hard to change. At most payers, core systems cannot easily be modified, which makes it difficult to implement necessary operational changes. Frequently seen problems include the absence of standardization and integration, workflows that span multiple disconnected systems and often require duplicative manual data entry, a complex demand-management structure, and less-than-optimal IT service provider relationships.

You’ll want to read the entire paper at McKinsey.com to learn in detail some of the IMPACTS (lower costs and faster service, to name just two) and CHALLENGES of automation at scale. They end with a cogent recommended approach to deploying automation at scale, summarized in this list:

  • Begin with an assessment.
  • Create a vision and make automation a strategic priority.
  • Develop a strategy to deploy automation technologies systematically.
  • Formulate a road map to implement the strategy.
  • Build business ownership early.
  • Do not depend on vendors for everything—ensure the IT function’s involvement.
  • Create an automation COE.
  • Extend capabilities across business units and decentralize governance.
  • Go beyond building and testing single solutions; internalize both costs and benefits.
  • Change mindsets and prioritize workforce management.

The cause and effect of faster automation arguably extends to better healthcare, so the positive repercussions of effective automation is wide-ranging, inclusive of technologies that automate payments, remittances, and medical receivables.


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

Leave a Comment





Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.