Medical Lockbox

2017 Industry Survey: The State of Healthcare Payment Electronification in U.S. Hospitals

By orbograph / July 27, 2017 / 0 Comments

What’s really happening in hospitals related to electronification of payments? Have other topics become a priority? Are there “hidden” problems in infrastructure which are adding excessive costs to the healthcare industry?  Along with Commonwealth Health Advisors, OrboGraph completed a market research initiative which surveyed over 100 US hospitals. The objective of the research was to…

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Integrating Care Standardization with Healthcare Revenue Cycle Excellence

By orbograph / June 22, 2017 / 0 Comments

RevCycleIntelligence.com reported that St. Luke’s Health System, one of 15 top health systems in 2017, was named as a top health system by Truven Health Analytics and IBM Watson Health based on care standardization! And how does this relate to revenue cycle?  “When you standardize your processes and you perform consistently, we have seen fewer of…

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OrbyAwards for Excellence Presented to Eight Banking and Healthcare Partners/Clients Along with Induction to OrboGraph Hall of Fame

By orbograph / June 6, 2017 / 0 Comments

Billerica, MA, June 7, 2017 – OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, recently presented its OrbyAwards for excellence and inducted eight recipients to the OrboGraph Hall of Fame…

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Value-Based Purchasing Still on the Table Despite Risk to ACA

By orbograph / May 25, 2017 / 0 Comments

RevCycle Intelligence reports on a recent BDC Advisors survey stating that, in spite of a possible Affordable Care Act repeal, healthcare executives still plan to stay the course with value-based purchasing implementation and healthcare cost reduction initiatives. However, political and legislative uncertainty has prompted executives to slow major capital investments. The report went on to say: Among the dozen C-suite leaders…

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2017 OrboGraph Client Conference: Healthcare Update

By orbograph / April 14, 2017 / 0 Comments

Yesterday, we basically proclaimed victory for conquering the check processing world at the 2017 OrboGraph Client Conference in Atlanta.  As a continuation of world domination, we’ll move into the topic of healthcare payments from the conference. Just to get you fired up, watch this introduction movie trailer. The topic of Healthcare payments is very complex and is…

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2017 RCM Global Forecast: Realistic or Exaggerated?

By jgregory / February 2, 2017 / 0 Comments

When a market report predicts steady, or potentially explosive growth of revenue cycle management, what comes to mind? Is it a real opportunity or should we be skeptical? This link provides a summary of the larger, comprehensive report offered by ReportLinker: The global revenue cycle management market is projected to reach USD 80.56 billion by…

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7 Thoughts on the Importance & Future of Blockchain in RCM

By orbograph / January 19, 2017 / 0 Comments

If you don’t know already, Blockchain is a ledger of records arranged in data batches called blocks that use cryptographic validation to link themselves together. Each block references and identifies the previous block by a “hashing function,” forming an unbroken chain, which is where we get the name. (We’ve discussed Blockchain in the OrboNation before for banking and…

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Orbograph’s Healthcare Payment & Revenue Cycle Management Predictions

By orbograph / January 5, 2017 / 0 Comments

Usually, our predictions are a bit on the conservative side. Why? Because the media likes to hype new payment mechanisms, but adoption is always slower than what the innovation pundits say.

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Leveraging the Cloud for Big Data Analytics

By orbograph / December 15, 2016 / 0 Comments

All across the healthcare space, data analytics are providing exceptional results to the companies whose livelihoods depend upon accurate projection of future trends based on current divergent information inputs. Leveraging the cloud as a central information depository and distribution point has proved beneficial to Johnson & Johnson. A manufacturer of medical devices and bioinformatics, pharmaceutical, and consumer-health…

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Feds Plan to Take SSN Off Medicare Cards

By orbograph / October 20, 2016 / 0 Comments

Get ready for a new complication, er… challenge – The Centers for Medicare and Medicaid Services is readying the healthcare industry for the removal of Social Security numbers from Medicare cards by April 2019. From HealthData Management: In April 2018, CMS will start generating new MBIs for all living and deceased Medicare beneficiaries, with information systems and…

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