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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

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

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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

To Improve Revenue Cycle Performance, Look Beyond Mere EHR

Thinkstock

A new Navigant analysis, based on an executive survey conducted by Healthcare Financial Management Association (HFMA), has found that over 60 percent of hospitals and health systems are not realizing optimal value from their EHR system, creating the need to collaborate with other vendors and outsourcing companies to improve revenue cycle performance.

The poll gathered responses from 108 chief financial officers and revenue cycle executives from hospitals and health systems across the country.

As reported by RevCycle Intelligence:

Furthermore, over one-half of the respondents said their hospital or health system cannot keep pace with EHR upgrades or underuse functions already available within the system, Navigant reported.

“It was anticipated that EHRs would be the main driver of broad performance improvement, but that has not occurred in many cases,” Timothy Kinney, managing director at Navigant, said in the press release. “Instead, providers are now taking other steps, including looking outside their organizations to collaborate with external entities and leveraging advanced technology solutions, and they’re seeing successes.”

The survey showed that 46 percent of financial leaders have already engaged with external entities, such as an outsourcing company and other health IT vendors, to decrease revenue cycle costs and increase economies of scale.

The survey also found that 17 percent of financial executives said predictive analytics, artificial intelligence, robotic process automation (RPA), and other advanced technologies have decreased revenue cycle costs and increased economies of scale — no surprise to those of us who have been extolling the virtues of AI and machine learning.

The shift towards collaborating with IT vendors is not a new trend – it is, however, one that deserves more attention. Healthcare providers’ main focus should be the care and well-being of their patients, so shifting internal resources to handle manual, laborious tasks or outsourcing to an IT vendor is a no-brainer. With technology advancements like AI and Deep Learning, solutions such as OrboAccess eliminate the need to manually process paper payments and remits, freeing staff to concentrate on taking care of their patients.


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

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