Featured Post:
While the world is adjusting to life under self-quarantine to flatten the curve of the COVID-19, the heroes of healthcare are those providing treatment in the field. Doctors, nurses, volunteers, ambulance drivers, just to name a few, are putting themselves at risk for the good of others.
While the healthcare providers receive much of the attention from the media, deservedly so, those in the back office and operations are the unsung heroes, keeping the healthcare organizations operational in a harrowing set of circumstances. From maintenance, security, to revenues cycle management, it truly requires a team effort for these healthcare organizations to handle the unprecedented number of patients in need of care.
Additional Blog Posts
HFMA RoundTable: Improving the Revenue Cycle through Operational Transformation
As revenue cycle leaders continue to prioritize innovative responses to growing industry challenges, HFMA has stepped forward in partnership with Change Healthcare with a look at the opinions and actions of some of the most forward-thinking voices in the field...
Unleashing the Medical Lockbox of the Future
As lockbox processing battles commoditization, The Medical Lockbox of the Future can become a key differentiator for RCM companies, banks, clearinghouses, and service bureaus. This exciting video highlights newest capabilities of today’s medical lockbox then describes the potential of automation and innovation for the future.
Solving Accuracy Problems within the Revenue Cycle — From the Back-End
Accuracy is a problem across the entire revenue cycle. But what are the implications of accuracy issues? Learn about the front-end challenges and read about use cases and the impact on vendors in this post.
Prescribing a Treatment to the Pain of EOBs: Creating a Strategic Asset for RevCycle Companies
It comes as a surprise to many in the industry, but market adoption of electronic EDI 835 files as a replacement for EOBs is moving at a sloth’s pace and even decreasing. At the same time, paper-originated volumes and PDF versions of EOBs via payer portals are increasing.
Building Better Denial Management Solutions for Your Clients
According to recent estimates, gross charges denied by payers has grown to an alarming 15 to 20 percent of all claims submitted.” This statistic, and more, were cited in Becker’s Hospital Review from CPA and business advisory firm, Eide Bailly LLP.
Paper, Electronification and the InstaMed Report
JP Morgan Chase (JPMC) made a powerhouse move in the healthcare payments space by acquiring InstaMed. This $500M investment “shows that the nation’s largest bank views the fast-changing world of payments as a battleground worthy of aggressive wagers.”
The Medical Lockbox of the Future: Delivering Integrated Receivables
This white paper provides a vision for RCM companies to drive innovation in the area of medical lockbox processing, using technologies like AI and Deep Learning.
The Benefits of Electronification: Denials Management and the Patient Experience
An efficient revenue cycle yields more than just back-end benefits. It can even improve the patient financial experience. A focus on straight-through-processing (STP) that leverages technology like AI and machine learning helps create a more accurate revenue cycle.
Enabling Hybrid Electronification in Healthcare Payments
Hybrid Electronification is a viable solution to help RCM companies, clearinghouses, large banks, and healthcare providers to address these issues. The infographic to the right provides a quick glance on the landscape of paper in healthcare, technologies to achieve hybrid electronification and the benefits.
Case Study: Catch21: Service Bureau Masters RCM Payment and Remit Automation
This case study provides healthcare payments professionals with a real-world instance of a RCM company deploying a hybrid electronification solution to improve efficiency and cost savings, providing a higher level of customer satisfaction to their customer base.
OrboGraph Projects Growth of PDF and Paper Volumes for RCM
Yesterday’s answer would have been hiring more staff to address the growth in paper volumes, but today, paper challenges like this are an outstanding use case for applying artificial intelligence (AI).
How Billing and Collections Are Revolutionized by AI
That’s a question we ask ourselves every day at OrboGraph — we’re just as focused as you are on increasing RCM Companies' and Banks' cash efficiencies, decreasing your reliance on manual intervention, automating your general ledger, and helping you improve collections...
Modernizing with AI Solutions That Deliver RCM Electronification
You’ve probably used natural language processing (NLP) when you asked Google, Alexa, or Siri a question. But in the electronification world, the potential goes a lot further than ordering another box of laundry detergent or asking what the weather will be.
It’s time to rethink revenue cycle tech from the outside in.
White Paper: Healthcare's "New" Strategic Assets
Paper and PDF-originated payments, remittances, and correspondence letters are here to stay, according to the 2018 CAQH Index. Only 48% of healthcare payments are now fully electronic; with the volume of remittance advice transactions increasing 39% from 2017 to 2018, the healthcare industry has a real paper problem - or does it?
Watch the 2-minute Video: Get to Know OrboGraph
What does real healthcare finance efficiency look like?
That’s a question we ask ourselves every day at OrboGraph — we’re just as focused as you are on increasing RCM Companies' and Banks' cash efficiencies, decreasing your...
3 Powerful Applications of AI in RCM Today
AI (Artificial Intelligence) is already prime time in clinical and administrative functions in the healthcare industry.
According to this NY Times article, doctors are even impacted by AI! Some on the clinical side may...
Astonishing AI Results — Get to Know OrboGraph
“Everybody” knows that in many cases, healthcare lags behind other industries when it comes to tech — and that’s exactly why we’re so excited to share this experience with you.
When implemented properly, AI can produce astonishing results — results that potentially help the healthcare payments industry leapfrog...
Blog authored by OrboGraph Innovations Team.