Payments

What I Saw at the Show: HIMSS 2016

By jgregory / March 11, 2016 / 0 Comments

At this year’s HIMSS Conference, I saw and heard things that make me confident that 2016 is going to be yet another year of startling growth in the healthcare payments space.

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Poll Asks: What are the Greatest Revenue Cycle Management Challenges?

By orbograph / February 24, 2016 / 0 Comments

An expansive poll underwritten by OrboGraph has revealed some of the successes and challenges in adoption of electronic business practices — specifically EDI (Electronic Data Interchange) in the Healthcare billing space.

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The Key to Controlling Medical Claims Billing Costs? INTEGRATION

By jgregory / February 17, 2016 / 0 Comments

It’s a safe bet that there will be a great deal of talk at this year’s HIMMS Conference (February 29 – March 4 in Las Vegas) regarding integration in medical claims billing.

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Stay on Target: Spider-Man and the Omnichannel

By jgregory / February 11, 2016 / 0 Comments

We’ve been talking about the Omnichannel quite a bit, both in the OrboNation blogs and around the Orbograph offices. It’s an important topic for financial institutions and retailers alike.

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Omni-Channel Strategies Demand Cross-Channel Consistency

By orbograph / February 8, 2016 / 0 Comments

During the Omni-Channel Capture: An Evolving Strategic Direction webinar recorded live at the RDC Summit 2015 (free for RemoteDepositCapture members here), the panelists agreed that Omni-channel delivery strategies, pioneered by hospitality and retailing companies, are becoming absolutely vital for financial services.

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ABA Tool Looks Useful for Finding Routing Numbers for Consumers, but Will It be Helpful for Bankers?

By jgregory / March 24, 2015 / 0 Comments

The new American Bankers Association tool for finding routing numbers could be very helpful for consumers looking for routing numbers (also referred to as routing and transit/R&T). “Routing numbers are only issued to federal and state chartered financial institutions that are eligible to maintain an account at a Federal Reserve Bank. Accuity is responsible for the assignment…

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The Fundamentals Behind Managed Check Recognition Services

By jgregory / August 27, 2014 / 0 Comments

There was a great article written on the Institute of Financial Operations site called “5 reasons you should not manage OCR software internally”. The concepts and challenges for end-users to fully manage their recognition environment applies to all industries. We’ve seen how even in check processing, banks are underachieving in their check processing environments by 10%, 20% and even 30%, leaving large chunks of automation “on the table” for their employees to manage. The end result is higher labor costs, additional overhead to run the systems and negative client experience due to additional errors.

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Mobile RDC and Check Fraud: What to Think?

By jgregory / July 23, 2014 / 0 Comments

We have to remember that Mobile RDC is still a relatively new type of technology. The technology has made waves in supporting financial institution’s customer acquisition strategies. As new services like mobile RDC are implemented, financial institutions run risk models trying to anticipate product profitability, security risk and fraud losses. RemoteDepositeCapture.com recently reported that the vast majority of financial institutions that have adopted mobile RDC technology in the last few years report few, if any, losses from the use of the technology.

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ECCHO Doing “God’s Work” for Check Payments

By jgregory / July 22, 2014 / 0 Comments

As “the check” gets less and less attention due to the myriad of new payment innovations, rules for check processing continues to improve. Our good friends at ECCHO continue efforts on making the check payment better and better by gathering critical, industry-wide feedback on Reg CC improvements.

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3 Steps to Optimize the Revenue Cycle: from Transition to Transformation

By jgregory / June 11, 2014 / 0 Comments

Now that ICD-10 is delayed until October 1, 2015, according to the CMS (Centers for Medicare & Medicaid Services), healthcare providers who spent millions on training and preparation now must defer the ROI benefits for another 1-2 years. So where can providers see immediate financial benefits as payments transition from paper to electronic? Look to the Revenue Cycle!

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