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Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

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Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Platform Modernization

Modernizing payments in the banking and healthcare industries

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Optimized AI and deep learning models for the automation of check processing and healthcare posting

Operationalizing AI & Self Learning in Checks

Revolutionizing check processing and fraud prevention for the banking industry

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Increased accuracy levels, decreased error rate for healthcare payments posting

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Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Access EOB Conversion

Delivers EOB/EOP electronification with information intelligence via AI and deep learning technologies

Access Correspondence Letters

Extracts posting data and tracks reimbursement progress via workflow management

Access Payment Reconciliation

Streamlines the reconciliation process of ERA, ACH, EOB and checks

Access Patient Payments

Automates patient payments for posting

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Spotlights trends in denials to reduce receivables via prevention

Healthcare Payments Automation Center

Scalable, reliable, flexible cloud-based hosted data center on Amazon Web Services (AWS)

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

Anywhere Fraud

Transaction and image analysis for on-us and deposit fraud detection of counterfeits, forgeries, and alterations.

Anywhere Recognition

Divergent multi-engine CAR/LAR, ICR, OCR & AI check recognition for the Omnichannel

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Validate payment negotiability of paper originated items

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Match, read, and validate payees for risk and operational workflows

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Payee name verification of business checks using issue files

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Mitigate risk in check payments for OFAC, BSA/AML, UCC, Reg CC, and KYC

Restrictive Endorsement

Automatic validation of restrictive, mobile and non-restrictive endorsements

Traditional Products

Based on the Accura XV platform

Do Faster Payments Spur Healthcare Innovation?

As digital payment processes – including instant payments that bypass the need to craft and send checks – take hold in more and more business segments, the world of healthcare is beginning to take notice.

The proposition: Can faster, easier, and more convenient payments (made possible by steadily advancing technology adoption) create opportunities for innovation and better customer service in the healthcare space?

Sounds promising, but there are hurdles to get over. In a new Payments.com article exploring the topic, TransCard CEO Greg Bloh noted:

While from a consumer standpoint, the payment process in healthcare might look like a payor cuts a check and a payee gets it in the mail, Bloh noted that the process is rarely that simple. In between the decision to pay and the customer getting paid, there is “a lot of back-and-forth verification of information, and packaging and sending out supplementary data like explanation of claims or documentation.”

Still, payment tech is advancing to the point where consumer-facing innovation can become more and more viable. The article points out that today, for example, insurance companies routinely pay out claims to patients or offer them reimbursements. In the near future, with the power of well-protected instant payments, they can offer direct cash-rebate incentives to go to the gym or reduce one’s BMI — an actual consumer-interaction service that brings value to the relationship beyond a simple transaction. This is more and more important as consumers become more able to explore alternatives when dealing with healthcare issues.

Mastercard EVP of Digital Payments and Labs Jess Turner observed:

“This could be a great way to … influence people’s behavior throughout the year,” Turner said. “The use cases in healthcare are almost limitless.”

While the healthcare industry has taken notice, adoption is still slow. OrboGraph projections show an increase of 3% for the next 2-4 years in paper-originated payments. The utilization of technology such as faster payments certainly aligns with the need to automate healthcare payments processing, but how quickly will the industry adopt?


This blog contains forward-looking statements. For more information, click here.

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