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Intelligent Payment Automation for Healthcare Payments
OrboAccess extracts and automates healthcare payment and remittance data for cash posting functions within the medical lockbox, enables full research access to transactional and image data while enabling payment data visualization via business intelligence (BI).
99%
Percentage of fields read automatically on EOB/EOP remits via OrbNet AI.
97%
Trust AI to handle administrative or clinical applications (Reported by Healthcare Finance, based on Optum360 research).
$3.76
Labor cost to manually transact a remittance advice (EOB) per 2019 CAQH Index (Does not include system costs).
$1.9 Billion
Savings estimated if the healthcare industry adopts fully electronic remittance advice (ERA).
Intelligent Payment Automation for Check Processing
The OrboAnywhere platform utilizes a combination of divergent amount recognition and image analysis (i.e., CAR/LAR, OCR, ICR, AI, deep learning, check stock validation, signature verification) technologies to read and prevent fraud for a wide range of paper-originated payments (i.e., checks, money orders, drafts), internal documents and remittances.
4000+
End-User Clients Impacted by OrboGraph Software.
+99%
Targeted read rate on checks using OrbNet AI technology.
$1.3 Billion
Estimated check fraud losses in U.S. during 2018.
15.5 Billion
Estimated checks written in U.S. annually (Per Federal Reserve Study).
