Modernizing RCM with AI

The medical lockbox has existed for decades -- with many banks offering this treasury management service to their healthcare clients. Traditionally, medical lockboxes are the consolidation point for paper payments and remittances, where banks process multiple payment types including ERAs, EFTs (ACH), checks, wire transfers, and now virtual cards. However, ...

In Q2 of 2022, OrboGraph hosted a webinar entitled: Healthcare Revenue Cycle Industry Brief & Opportunity Analysis Webinar. While the focus of the webinar was highlighting M&A activity and opportunities within healthcare -- specifically IT and RCM -- speaker John Berman of Linchpin Healthcare made a bold statement: Patients are ...

A report entitled An Analysis of Outpatient Revenue Cycle Management Outsourcing, the result of a collaboration between HFMA and health information technology company XIFIN and reflecting responses from 157 US-based HFMA members, reveals that over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations. However, ...

Mergers and acquisitions (M&A) are common occurrences in the healthcare market. Whether it's consolidation of healthcare providers/hospitals/systems or synergistic healthcare technology companies advancing their capabilities to improve healthcare, M&A within the industry is seen as a major positive. Over the past decade, we've seen what have been dubbed "mega-deals," including: ...

Check Fraud and Recognition Solutions Business Will Continue to Run Independently Billerica, MA, August 16, 2022 - OrboGraph, a premier supplier of check processing automation, fraud detection, and healthcare payment electronification, announced today that Revenue Management Solutions (RMS), a provider of automated healthcare payments reconciliation services has acquired OrboGraph. Thompson Street ...

Download PDF Copy of the Newsletter InstaMed Report: Potential Savings of $20B or 48% of Existing Annual Spend by Fully Adopting Electronic Transactions The importance of artificial intelligence and machine learning deployment across healthcare has been discussed throughout the industry for some time now. We've seen, for instance, healthcare and ...

The healthcare industry is taking steps to modernize its technologies to not only better serve patients, but also improve upon their processes -- both patient-focused and back-end. Artificial intelligence and machine learning are largely seen as key technologies that the healthcare industry is focusing its attention on, as their applications ...

In a recent article from the Forbes Business Council -- an invitation-based, members group of "respected leaders and executives who are selected for the council based on the depth and diversity of experience in leadership, management, customer engagement, technology & growth" -- author Sagar Rajgopal, cofounder and COO of Ubiquity, ...

Download PDF Copy of the Newsletter InstaMed Report: Potential Savings of $20B or 48% of Existing Annual Spend by Fully Adopting Electronic Transactions InstaMed -- a JP Morgan Company -- recently published its 12th Annual Trends in Healthcare Payments Report. As with most services, the cost of healthcare continues to rise. However, ...

There is an overarching dramatic idea that AI systems and robots will one day replace doctors and nurses delivering healthcare. Imagine, a patient goes into an operating room and, rather than a human surgeon "scrubbed up" with a team of nurses, the only thing present are specialized machines and robotics ...

InstaMed -- a JP Morgan Company -- recently published its 12th Annual Trends in Healthcare Payments Report. As with most services, the cost of healthcare continues to rise. However, according to the report, healthcare has become a major part of the US economy and a major expense for the population. ...

Download PDF Copy of the Newsletter 2021 CAQH Index Report Reveals Progress in Adoption of Electronic 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 ...

As we are all aware, the pandemic has drastically changed healthcare -- both in how patients are cared for and how they want to manage their care. This led a PYMNTS.com and Experian Health collaboration to better understand the important of patients portals for scheduling their appointments, receiving their results, ...

Over the past five years, mergers and acquisitions (M&A) within healthcare RCM have made headlines across news outlets. In fact, Justin Bentley, Managing Director-M&A and Head of Healthcare Technology at Citizens Bank, describes healthcare RCM M&A as a "white-hot sector" during the recent Healthcare Revenue Cycle Industry Brief & Opportunity ...

Download PDF Copy of the Newsletter All-Star Speaker Line Up for Upcoming Revenue Cycle Industry Brief & Opportunity Analysis Webinar OrboGraph is pleased to announce the All-Star Speaker lineup for our upcoming Healthcare Revenue Cycle Industry Brief & Opportunity Analysis Webinar! These three leading experts from Citizens Bank M&A Group, ...