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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!

If you are a revenue cycle management professional, then you are most likely familiar with the Council of Affordable Quality Healthcare or CAQH -- a non-profit alliance and leader in creating shared initiatives to streamline the business of healthcare.

CAQH is at it again, actively tweeting to distribute findings from its 2019 CAQH Index on the potential costs savings if and when the healthcare and dental industries fully adopt electronic transactions, including electronic remittance advice.

It comes as no surprise that, as an industry, healthcare is making strides with regards to adoption of fully electronic. More work needs to be done, however, to reach that elusive goal.

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Key Findings for Revenue Cycle Management

CAQH highlights the results. Some of their conclusions include:

  • $6B was spent by the medical industry, equating to about 20% of annual total spend, on administrative transactions for the medical industry
  • Remittance advice processing continues to be a highly inefficient process and subsequently expensive as it represents the second highest administrative cost for the medical industry
  • $1.9B in savings is estimated if the healthcare industry adopts fully electronic remittance advice (ERA)
  • On average, medical providers reported that an ERA required 2 minutes to process vs 7 minutes to process manually

Additionally, CAQH offers an informative webinar summarizing their key findings:

Additional Resources for Electronification

OrboGraph is a proponent of electronification of paper-based and PDF remittances and correspondence letters. Our Modernizing RCM with AI blog provides readers with information, articles, and trends specific for RCM professionals to illuminate the capabilities of artificial intelligence within healthcare. Articles include:

We encourage OrboNation blog readers to subscribe to the Modernizing RCM with AI blog to receive email notifications when new articles are available.

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