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Check Processing

Is the Honeymoon Over for Fintech?

October 11, 2016

René Lacerate, chief executive and founder of Bill.com, writes in a posting at American Banker that the glory days for fintech (financial technology) may be in the past. And just when we thought it was heating up! Lacerate says new fintech investments are tapering off as the broader funding market cools; also, banks are coming around and “starting to…

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17 Winners and 8 Losers Under the ACA – What Do You Think?

October 6, 2016

A sure method for starting a conversational brushfire at a “civilian” (i.e. non-industry) cocktail party of other gathering is to begin a discussion on the ACA, or “ObamaCare.” Recent headlines detailing large insurance companies abandoning the exchanges have added fuel to the anti-ACA rhetoric, but, as folks in the industry know, things are not so…

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Same Day ACH is Here – and Paper Check Usage is UP!

October 4, 2016

The same report that finds 57% of organizations intend to use same-day ACH for last-minute payments also finds that business-to-business payments by paper check actually increased slightly from 2013, breaking the previous downward trend in check use. In fact, 86 percent have finally integrated their check payments systems with their accounting systems. There are still major…

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Here’s How Revenue Cycle Management Boosts Hospitals’ Bottom Line

September 29, 2016

What’s one of the most powerful components of RCM, and one that ensures great financial results for hospitals? Case management consultant Mindy Owen makes an excellent “case” for EDUCATION – – ongoing training of case managers is the key. Owen is a specialist in educating and developing case management teams, and has traveled across the country teaching case…

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Breaking Down The Faster Payments Construct

September 27, 2016

Set aside 13 minutes for the newest installment of the Countdown to Same Day ACH podcast series. In this episode, Jan Estep, president and CEO of NACHA, talks to Karen Webster about the overlaps, complements, and implications of all the capabilities under the faster payments umbrella. Ms. Estep says the best way to think about “faster payments” is as an umbrella…

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How Revenue Cycle Technology Can Rescue EMS Payments

September 22, 2016

Let’s face it: When your job is to extract persons from dangerous situations that quite often leave them either too impaired or too traumatized to engage in something so trivial as offering insurance information, most of your work in terms of vetting financial viability and insurance coverage is going to have to happen after treatment…

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J.P. Morgan Creates Exec. Role for Cloud Service; Stock Rises

September 20, 2016

Is the cloud for real for banking? J.P. Morgan thinks so. They’ve hired Harish Grama, formerly of IBM, as chief information officer for cloud services. An internal memo obtained by American Banker says: “Harish has extensive experience in leading large globally distributed organizations in cloud native offerings, Additionally, he was a key leader in driving the transformation…

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Revenue Cycle Leakage: 5 Red Flags Indicating Major Inefficiencies

September 15, 2016

Ongoing fiscal challenges continue to emerge on a week-by-week basis in the modern medical landscape including: The evolution of ACA higher uncompensated care costs managing MACRA reimbursement schedules unprecedented patient volume and the continued challenge to reach 100% electronification, just to name a few! With all of these uncontrollable obstacles, the last thing you want is to further complicate…

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How Will Banks React to the Blockchain?

September 13, 2016

If you’re not altogether comfortable with your grasp of what is being called the blockchain, you are not alone. Fortunately, a new book by William Mougayar called The Business Blockchain: Promise, Practice, And Application Of The Next Internet Technology comes to the rescue. As Banking Exchange’s Steve Cocheo points out in his article about the book, you’ll have to read…

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THURSDAY Webcast Will Highlight New Innovations in Risk Management & Automation for RDC

September 6, 2016

Did you know that “RDC Risk Management”, as defined by FFIEC, actually applies to ATM, kiosks, cash vault, mobile, as well as branch and teller image capture? Are you up-to-speed on the possible move of ATMs from RDC classification to centralized bank capture? How is your organization handling the “top 10” requirements of image-based risk…

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