Resources

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.

2019 Tech Conference

May 20-21, 2019
Charlotte Marriott City Center

Industry Videos

News and trends for the banking and healthcare industries

White Papers

OrboGraph’s thought leadership and original research

Past Tech Conferences

View the highlights from past OrboGraph Tech Conferences

Product Videos

Watch our 2-minute videos to learn about our products

Partners

View our list of partners or become one yourself

News

News and updates from OrboGraph

Brochures

Download additional information on your products and services

Reg CC

Compilation of resources to help you navigate Reg CC

Events

See where OrboGraph will be next

Webinars

Learn more from OrboGraph and Industry Leaders

Testimonials

Hear what our clients and partners have to say about OrboGraph

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

AI, Self Learning & Deep Learning Technologies

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

Delivering Healthcare Payment Electronification

Increased accuracy levels, decreased error rate for healthcare payments posting

Product Videos

See how each product/service module of OrboAnywhere and OrboAccess delivers value from our check and healthcare payment platforms

Corporate Video & Podcast

See and hear how OrboGraph incorporates AI, deep learning and self learning technologies into its product suite

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

Access Denial Intelligence

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

Anywhere Validate

Validate payment negotiability of paper originated items

Anywhere Payee

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

Anywhere Positive Pay

Payee name verification of business checks using issue files

Anywhere Compliance

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

Hospitals Leaving $22M On the Table Says Advisory Board

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 has overlooked the chance for $22 million in revenue capture.

“From top-performing revenue cycle organizations to the bottom quartile, critical benchmarks have been either stagnant or steadily sliding since 2011 and need a strategic overhaul,” said James Green, national partner, consulting at Advisory Board.

Fierce Healthcare goes on to extract from The Advisory Board’s findings four market forces challenge revenue cycle performance:

  1. Commercial payers are more closely scrutinizing claims. More denials means providers have less money to offset the reduced reimbursements Medicare and Medicaid pay out. The Advisory Board found that, on average, hospitals are losing five percentage points of their margins to underpayments, claim denials and suboptimal contracts with payers.
  2. Patients’ obligations can negate the benefits of increased coverage. High-deductible health plans are becoming increasingly common, and many patients are writing off their financial obligations as bad debt. Between 2008 and 2015, the portion written off as bad debt rose from 0.9% to 4.4%, according to the analysis. To tackle this issue, providers embrace price transparency and offer convenient access for scheduling and payment.
  3. Regulations in MACRA are increasing performance burdens on physicians and medical groups. The Medicare and CHIP Reauthorization Act includes penalties for not just poor quality and financial performance but insufficient reporting. In response to the increased complexity of regulations, many physicians are seeking hospital employment. Hospitals must have the infrastructure in place to quickly document performance standards to minimize the risk to their revenue.
  4. Hospitals aren’t the driving force behind consolidation. More holistic integration is necessary to maximize revenue, according to the Advisory Board, which recommends deploying a common business intelligence platform across all entities and payments.

Addressing these items is very challenging, and requires an eye toward a strategic plan, coupled with tactical actions. To gather the information and position the hospital for action, tools like Denial Intelligence greatly support efforts around #1 and #4.

SaveSaveSaveSave

SaveSave

SaveSave

Leave a Comment





Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.