OrboNation Blog
A recent HealthLeaders Revenue Cycle Exchange event offered the opportunity for revenue cycle executives to voice their opinion on Artificial Intelligence solutions and the place AI and Deep Learning will occupy in future revenue cycle tech iterations. Lots of “rah-rah” for AI, right? Wrong! An article at HealthLeadersMedia.com paints a pretty bleak picture: “Meaningless,” “scary,”…
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The Federal Reserve released the 2019 Federal Reserve Payments Study Executive Report on December 19, 2019. Based on 2018 compared to 2015, aggregate payment growth in “core noncash payments,” including debit card, credit card, ACH, and checks, were up as a whole by 6.7% representing an incremental 30.6 billion transactions valued at $97B! Comparing actual…
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Imagine having a lingering cold and sore throat, and, after a quick visit to your primary care doctor for a throat swab and blood test, you get a bill for … $28,395.50 You read that correctly. Fortunately, the patient in question, Alexa Kasdan, was insured and it fell to the insurer to pay the bill…
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In today’s world, abbreviations are utilized on a daily basis. Simple contractions such as “don’t”, “couldn’t”, and “we’ll” are all commonly used in the English language. In the banking world, abbreviations are most common in the date field, as many in society choose to abbreviate the year from 01/08/2020 to 1/8/20. Seems harmless, right? Maybe…
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Real-time payments in the healthcare space, while catching on, are far from ubiquitous at this point. As reported by PYMNTS.com, barriers to real-time payment adoption remain, despite the benefits observed in other consumer-facing industries like insurance and financial services. The costs involved in implementing new services are among the top concerns for payment providers, of…
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We love this time of year! It’s a week when everyone the payments industry can take a deep breath, celebrate successes, reflect, and then blog about the future. And now that 2020 is upon us, what better time to “look ahead” toward 2030! PYMNTS.com is one of the first publications to make a prediction related…
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And another year comes to a close! It’s been our pleasure to share observations, insights, and solutions from across the industry via the OrboNation Blog. As 2019 comes to end, we have much to be thankful for. Most importantly, however, we’re thankful for the clients and customers that are crucial to OrboGraph’s success. Looking back,…
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“Value-based care delivery” describes a healthcare system where payment is predicated on quality and health outcomes and not just services delivered. From a clinical and care delivery standpoint, health systems are moving toward value-based care delivery. However, as Forbes reports, from a business and financial standpoint, enabling technology is still catching up. Payment tied to…
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As part of a recent series of blog posts about Intelligent Automation, Adam Swinglehurst of Accenture offered the chart below to illustrate the necessary “overlap” as AI solutions develop and improve. The role of intelligent automation is important to Chief Financial Officers (CFOs) across the globe. CFOs seek to drive efficiencies, create team capacity, meet…
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The Coker Group has produced an informative podcast entitled The State of Cybersecurity in Healthcare: Still Much Ground to Cover, along with an excellent white paper: Coker’s white paper, The State of Cybersecurity in Healthcare: Still Much Ground to Cover, addresses the problem of cybersecurity breaches, sources of threats, CIO responsibilities, working with third-party vendors,…
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