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OrboNation Blog

EPAM Continuum Identifies Key Trends from Global Consumer Banking Report

April 8, 2022

EPAM Continuum released a report entitled Regional Banks Reimagined. This project presents the results of their annual survey covering attitudes and behaviors of banking customers around the globe. In their inaugural effort, they surveyed 4,500 consumers across four countries to understand their beliefs; for 2021, EPAM surveyed more than 21,000 consumers across seven countries. The…

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HIMSS TV Digital Check Up: Community Care Networks, AI and Blockchain Boost Value-Based Care

April 7, 2022

Bill Siwicki, feature editor for Healthcare IT News, spoke to Lynn Carroll, COO at HSBLOX, about the roles of blockchain, AI, and machine learning in value-based care. (For a refresher on the ins-and-outs of blockchain, click here.) Mr. Carroll noted that “20% of people can represent 80% of expenses.” Therefor, you try to understand where…

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2021 CAQH Index Report Reveals Progress in Adoption of Electronic

April 1, 2022

The Council for Affordable Quality Healthcare, Inc. (CAQH) recently released their 2021 CAQH Index Report, and it predictably reported that electronic claims management adoption increased in 2020 as healthcare providers shifted, whenever possible, to remote work environments in the face of COVID. RevCycle Intelligence reported, however, that the Index shows healthcare providers still leaving billions…

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AP Takes Blended Approach for Checks and Electronic Payments

March 31, 2022 reports that many businesses are looking for ways to optimize their accounts receivable (AR) and accounts payable (AP) processes in line with their emerging digital needs. One might imagine that check payments are becoming scarce. Wrong. In fact, some experts estimate that 40% of all B2B payments in the U.S. are still made via…

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OrboNation Newsletter: Check Processing Edition – March 2022

March 30, 2022

In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.

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OrboNation Newsletter: Healthcare Payments Edition – March 2022

March 29, 2022

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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Retaining Patients: Successful Tech Needed in New Era of Pricing and Payments

March 25, 2022

“Patient as consumer” is by no means a new concept; however, it seems that a great many health systems are having a hard time grasping the concept in terms of engagement, according to a discussion posted on “Health systems will tell you they’ve been financing patients for a long time,” CareCredit Senior Vice President and General…

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Why Paper Payments — Cash & Checks — Are Holding “Challenger Banks” Back

March 24, 2022 reports, via their January 2022 ConnectedEconomy™ Report, that a substantial amount of U.S. consumers — 67% — say they interact with their bank using digital channels, including such functions as checking their balances, paying bills, and monitoring transaction alerts. As Bank of America CEO Brian Moynihan told CNBC in February 2022, just 15% of…

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Identifying the Right Tech: RPA Use Cases for the Revenue Cycle

March 18, 2022

One of the many barriers the pandemic has introduced to efficient medical billing and the revenue cycle is a significant personnel shortage. RevCycle Intelligence reports that healthcare organizations are increasingly turning to automation to hit the trifecta: increase net revenue, reduce costs, and improve the patient experience. As reported in RevCycle Intelligence, Robotic Process Automation,…

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Deep Dive: Why Paper Checks Still Factor Into B2B Firms’ Payment Optimization Plans

March 16, 2022

In an era of digital payment avenues that seem to double in number every month, checks may seem old fashioned and ready to be left behind, However, as we’ve illustrated here previously, checks remain key tools for many individuals and businesses. As noted in PYMNTS.COM: Eighty-one percent of business professionals expect the growing availability of real-time…

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