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OrboNation Blog

Haven: The Amazon-JPMorgan-Berkshire Healthcare Venture Has a Name

March 14, 2019

There’s been a lot of chatter and speculation as to what the much-discussed health care partnership created by powerhouses Amazon, JPMorgan, and Berkshire is going to consist of and what it might be called. Drum roll please…It’s called HAVEN (and they even have a website, complete with a letter from Chief Executive Officer Atul Gawande,…

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What if Michael Cohen was Paid by ACH?

March 12, 2019

By now, images of the checks submitted into evidence by Michael Cohen as he testified before Congress have become ubiquitous. One of the checks, shown below, illustrates the power of data that is generated on a check. You see the courtesy and legal amounts, the date issued, maker/payer, payee and payee address, check number, and,…

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RCM in a VBR-Driven World

March 7, 2019

The Executive Briefing at OpenMinds.com discusses the ways Revenue Cycle Management must adjust in the VBR (value-based reimbursements) World. OPEN MINDS Senior Associate David E. Wawrzynek summed up the changes organizations need to make in order to survive — and succeed — with revenue cycle management in a value-based world: The revenue cycle management process…

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Still Early Enough to Plan 2019 Innovations

March 5, 2019

BAI Banking Strategies has assembled the wisdom of industry thought leaders in their new report: Decisions bankers need to make for 2019, a free download that will be worth your time to read as we make headway into 2019 and its new challenges, including the modernization priority that we hear about again and again. Venturing into the New Year, BAI has sought out its own thought…

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Medicare: Site-Neutral Payments on Tap for 2019

February 28, 2019

According to a final rule issued November 2, 2018, the longstanding Medicare policy in which healthcare payments varied based on the setting is about to expire. The rule came as part of the 2019 Medicare Hospital Outpatient Prospective Payment System (HOPPS) and Ambulatory Surgical Center (ASC) payment system rule by the U.S. Centers for Medicare…

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“Not a Water Slide”: Turning AI into ROI

February 26, 2019

BAI Banking Strategies hosts Daniel Faggella, founder and CEO of Emerj, on their newest podcast entitled TURNING AI INTO ROI. It’s an interesting and fast-moving 15 minutes. BAI had proclaimed AI their trend of the year for 2018, and show so signs of moving the title elsewhere for 2019. One of the salient points Mr.…

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“Lack of Urgency” Lags Healthcare Payments

February 22, 2019

A newly released research report from Business Insider Intelligence makes the case that, compared to other industries, the United State Healthcare industry has been slow to embrace new payment systems and processes. They point out, for instance, that approximately 77% of healthcare providers still use paper-based patient billing methods, according to an MGMA and Navicure…

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Check Processing Improvements

Fintech Firms Offering Checking Accounts – Not Yet

February 20, 2019

A year ago we noted that Amazon was looking at offering checking accounts, and more recently Abby Hayes at Doughroller has reiterated that the online giant is still interested. The Wall Street Journal reported that Amazon was/is chatting with various banks, including JP Morgan Chase & Co, about creating a branded online checking account. – Besides…

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HIMSS19: The Year of Artificial Intelligence

February 15, 2019

This year’s education schedule at the HIMSS Conference, held this week at the Orange County Convention Center in Orlando, is awash in AI-related material, notes HealthCare Innovation in a post this week. To name a few: Session MLAI03, “Keynote: Synergies Between Man and Machine”; Session MLAI04, “State of the Industry: Machine Learning and Artificial Intelligence…

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Check Fraud Prevention Node

The Multi-Billion Dollar Fraud Problem, and How to Solve It

February 14, 2019

BAI Banking Strategies notes the seeming treadmill race to keep up with bank fraud in the US. The article’s author, David Vergara, head of security product marketing for OneSpan, notes: To address the challenges and stop the loss of billions of dollars to fraud each year, banks need a profoundly innovative approach that enables vast…

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