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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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News and trends for 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

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)

Modernizing RCM with AI

An informative resource to assist RCM companies in understanding how to solve today's problems with the help of AI.

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

Modernizing Omnichannel Check Fraud Detection

An informative blog series exploring payments fraud and image technologies used to fight financial crimes.

Modernizing RCM with AI

An informative resource to assist providers, BPO's, bank lockboxes, billers and clearinghouses in understanding how to solve today's problems with the help of AI.

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.

Click here to read entire post...

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... 

 

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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.

 

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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. 

 

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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.

 

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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.

 

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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.” 

 

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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.

 

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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. 

 

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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.

 

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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.

 

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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).

 

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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...

 

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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.

 

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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?

 

Click to download...

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...

 

Watch the video...

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...

 

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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...

 

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Blog authored by OrboGraph Innovations Team.

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