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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.

Reg CC

Compilation of resources to help you navigate Reg CC

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.

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.

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.

Healthcare Industry

Healthcare Organizations vs. Fraud: Three Potent Weapons

June 25, 2020

In an environment challenged by Coronavirus, the already significant problem of healthcare fraud is more harmful than ever. Blue Cross Blue Shield reports: The National Heath Care Anti-Fraud Association estimates conservatively that health care fraud costs the nation about $68 billion annually — about 3 percent of the nation’s $2.26 trillion in health care spending.…

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doctor using ipad

Hospital, Outpatient Visits Plummeted During COVID-19 Crisis

June 19, 2020

RevCycleIntelligence.com cites a Commonwealth Fund study that shows outpatient visits for more than 50,000 providers declined by nearly 60 percent in mid-March when COVID-19 began to take hold, and the volumes have remained low through mid-April. Stay-at-home orders, of course, had much to do with the sharp downturn. Similarly, hospital visits also saw a substantial…

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Business Intelligence with Data Visualization

June 12, 2020

Moving from “big data” to “wide data” Visualization of data through DataOps and technology Data Visualization benefits for the Revenue Cycle Management In the digital world, we are seeing tremendous growth and robustness of data being collected through various systems, particularly in healthcare. According to a recent press release from Gartner: By 2020, most data and…

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A Careful Return to the Workplace Begins

June 3, 2020

As the COVID-19 pandemic hopefully continues to subside — and the general population becomes more and more used to social distancing and appropriate use of facemasks — companies that had sent their employees home to work are beginning cautious steps toward bringing a portion of them back to the office. Cerner, for example, has begun…

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COVID-19 vs. Physician Practices

May 26, 2020

In addition to disrupting the lives of nearly every person across the globe, the novel coronavirus has utterly upended physicians’ practices, according to a recent article at RevCycleIntelligence. A survey conducted April 10 to 13 by the Primary Care Collaborative and The Larry A. Green Center found that half of primary care practices are unsure…

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COVID-19 and Its Effect on Labor for Essential Businesses

May 20, 2020

The COVID-19 pandemic has drastically altered the labor landscape. With mandated shutdowns across the country for non-essential businesses to slow the spread of COVID-19, we’ve seen a shift toward working remotely, AKA “work-from-home.” Although official statistics are not readily available, according to Netskope – a provider of cloud security services for Fortune 100 companies –…

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RCM: AI is Key for Reducing Administrative Waste

May 8, 2020

In the era of the coronavirus pandemic, it’s more important than ever for revenue cycle management to operate at maximum efficiency. Many practices are facing economic uncertainty and cannot afford any additional fiscal leakage. Indeed, as recently reported by Healthcare Finance News, waste and inefficiency can be a killer in this environment. How much waste…

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Coronavirus Payments Update: The Industry Responds

May 1, 2020

The world continues its effort to flatten the curve of the coronavirus pandemic. Governments have issued stay-at-home orders and have temporarily closed locations of nonessential businesses. PricewaterhouseCoopers recently released survey results that indicate pessimism among CFOs of healthcare organizations and other major companies regarding the impact COVID-19 will have on their bottom lines. As reported…

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AI Will Optimize RCM: But How Quickly?

April 20, 2020

OrboNation readers are well aware of the value Artificial Intelligence has in Revenue Cycle Management. Still, as reported by RevCycleIntelligence.com, a recent Black Book survey of C-suite executives found less than half (44 percent) of healthcare organizations already use AI in some form or another. On the other hand, 88 percent anticipate widespread implementation within…

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UAE Hospitals Urge Insurers to Speed Up Payments

April 10, 2020

In response to the unprecedented coronavirus pandemic, the United Arab Emirates have called upon insurers to streamline payments to stressed healthcare providers. As reported in The International Travel and Health Journal, outpatient visits spiked in early February. Now, timely — or even early — release of funds is vital in order to keep these facilities…

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