Modernizing RCM with AI
The medical lockbox has existed for decades — with many banks offering this treasury management service to their healthcare clients. Traditionally, medical lockboxes are the consolidation point for paper payments and remittances, where banks process multiple payment types including ERAs, EFTs (ACH), checks, wire transfers, and now virtual cards. However, over the past decade, a…
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In Q2 of 2022, OrboGraph hosted a webinar entitled: Healthcare Revenue Cycle Industry Brief & Opportunity Analysis Webinar. While the focus of the webinar was highlighting M&A activity and opportunities within healthcare — specifically IT and RCM — speaker John Berman of Linchpin Healthcare made a bold statement: Patients are Now a Payer. What Mr.…
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A report entitled An Analysis of Outpatient Revenue Cycle Management Outsourcing, the result of a collaboration between HFMA and health information technology company XIFIN and reflecting responses from 157 US-based HFMA members, reveals that over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations. However, according to a study conducted…
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Mergers and acquisitions (M&A) are common occurrences in the healthcare market. Whether it’s consolidation of healthcare providers/hospitals/systems or synergistic healthcare technology companies advancing their capabilities to improve healthcare, M&A within the industry is seen as a major positive. Over the past decade, we’ve seen what have been dubbed “mega-deals,” including: Microsoft acquiring Nuance for $19B…
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Check Fraud and Recognition Solutions Business Will Continue to Run Independently Billerica, MA, August 16, 2022 – OrboGraph, a premier supplier of check processing automation, fraud detection, and healthcare payment electronification, announced today that Revenue Management Solutions (RMS), a provider of automated healthcare payments reconciliation services has acquired OrboGraph. Thompson Street Capital Partners (TSCP), a private…
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
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The healthcare industry is taking steps to modernize its technologies to not only better serve patients, but also improve upon their processes — both patient-focused and back-end. Artificial intelligence and machine learning are largely seen as key technologies that the healthcare industry is focusing its attention on, as their applications and capabilities are endless. Technology…
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In a recent article from the Forbes Business Council — an invitation-based, members group of “respected leaders and executives who are selected for the council based on the depth and diversity of experience in leadership, management, customer engagement, technology & growth” — author Sagar Rajgopal, cofounder and COO of Ubiquity, provides his perspectives on the…
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
Read More
There is an overarching dramatic idea that AI systems and robots will one day replace doctors and nurses delivering healthcare. Imagine, a patient goes into an operating room and, rather than a human surgeon “scrubbed up” with a team of nurses, the only thing present are specialized machines and robotics prepped to perform surgery. Will…
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