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Rise in mail theft — USPS struggles to address issue Beware the “fraud chain” Organized fraud means meeting it with organized solutions We have all read the stories about mail theft of paper checks, and even postal workers committing the theft. Moneywise details another instance that is becoming all too common: A few days after…
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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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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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Check fraud can be highly organized Social media is used to recruit Financial institutions need to remain vigilant Check fraud, unfortunately, can be the work of more than one bad actor. There are more and more cases of highly organized, coordinated “recruiters” creating groups that take aim at businesses. Here’s a fairly simple example, as…
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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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PYMNTS.com 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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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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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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“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 PYMNTS.com. “Health systems will tell you they’ve been financing patients for a long time,” CareCredit Senior Vice President and General…
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PYMTS.com 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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