OrboNation Blog
If you’re going to the Becker’s Hospital Review 3rd Annual Health IT + Revenue Cycle Conference next week in Chicago, better brush up on the top industry topics. Check out Becker’s Hospital Review list of 25 things to know about revenue cycle management. The article was written in January, but still highly useful as it’s interesting to see…
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We’re looking for a few good fraud prevention men and women…do you know of any? We’ve been hearing from banks and credit unions that financial crimes using check payments have changed in 2017. After each discussion, the conversation almost always ends with, “so what are other banks or credit unions my size experiencing?” The last…
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A recent report available for purchase from Forrester Research (and summarized at Healthcare It News) says that healthcare specific developments from cloud service providers are in the process of ending the “dark ages” of health IT. From the report: The enterprise health cloud market is growing in large part due to healthcare CIOs increasingly realizing that…
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The adoption of online banking, now incorporating mobile, has become a staple for the industry over the past couple of years. However, the online experience can vary greatly based on what features are offered from each financial institution. One area which has not received its share of improvements are value-added features for check-type payments. The…
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A few weeks back we noted that a study had found that B2B payments by check actually increased by 1 percentage point from 2013 to 2016 (according to the 2016 AFP Electronic Payments Survey). Magnus Carlsson, manager of treasury and payments for the Association for Financial Professionals, took a deeper look at the significance of that one…
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The football season is soon upon us, and so we will tie this recent RevCycle Intelligence article into the season of the gridiron by offering a refresh to those in the industry and a step-by-step overview with many industry stats related to healthcare revenue cycle. Kicking off a new season in football requires practice, repetition,…
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A new analysis of industry data by the ATM Industry Association (ATMIA) reveals that there are now between 475,000 and 500,000 ATMs operating out there in the U.S. market. This achievement comes after years of what can be characterized as fairly stagnant growth (attributable to a struggling economy, Windows updates, and a complex EMV migration, among…
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A comprehensive article at RevCycleIntelligence entitled “How Providers Can Detect, Prevent Healthcare Fraud and Abuse” offers insight into ways to “tighten the ship” regarding practices that cost the industry billions of dollars a year. Complying with the myriad of regulations can be difficult for providers who already focus on a range of priorities, including care delivery,…
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Contrary to what might be considered “conventional wisdom,” in 2016 51% of business-to-business payments were made by check. Does that mark a slowing in the “disappearance” of check usage? Au contraire – that number is up from 50% in 2013! Magnus Carlsson, AFP’s Manager of Treasury and Payments, discusses in the attached video the new…
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Fierce Healthcare reviewed a report by The Advisory Board and lists four challenges in the area of Revenue Cycle Management. Most significantly, they point out that hospitals concentrating on costs are leaving big dollars on the table: The Advisory Board found that because of the focus on cost reductions over RCM revenues, the average 350-bed hospital…
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