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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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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

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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

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Increased accuracy levels, decreased error rate for healthcare payments posting

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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

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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

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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

Orbograph Releases White Paper, “Strategic Considerations For Paper-based Healthcare Payments”

HFMA-ANI Conference Orlando, FL June 22, 2015– Orbograph, a premier supplier of recognition solutions for the U.S. check processing market, as well as electronic/paper automation solutions in healthcare revenue cycle management (RCM), announced today that the company has published a white paper titled, “Strategic Implications For Paper-based Healthcare Payments.”

The white paper, released at the HFMA-ANI 2015 Annual Conference, addresses the motivations and considerations of attaining straight-through processing levels of efficiency on explanation of benefits (EOBs) forms, checks, correspondence letters and patient payments. The paper leverages research information from the CAQH Index and Strategic Healthcare Payments Research Initiative from BoardTrust.

The white paper challenges the notion that healthcare providers are highly motivated to eliminate paper due to prioritization of regulatory and compliance requirements, challenges of obtaining and implementing originating EDI files for posting and prioritization of projects with greater ROI.

The paper concludes with strategy recommendations to transition immediately to a 100% paper-free environment by using paper conversion technologies. By implementing such a process, providers can eliminate existing paper processes, reduce unit costs by potentially $1.77 per claim and address top revenue cycle management priorities like aggregated denials analytics.

Barry Cohen, Co-President of Orbograph stated, “There is a paradox in the industry in that EDI payment penetration is only 60%, but satisfaction levels of hospital revenue cycle managers is 91%! I believe there is an educational opportunity to communicate that straight-through process and a paper-free environment can be attained within a 30-day window, with immediate ROI and minimal disruption.”

Click here to download your copy of Strategic Considerations For Paper-based Healthcare Payments.

About Orbograph

Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier supplier of electronic/paper automation solutions in healthcare revenue cycle management (RCM) and recognition software for the U.S. check and lockbox processing markets. Orbograph technologies are in use in over 1,600 financial institutions, service bureaus, clearinghouses and billers processing billions of checks and claims annually. The cloud-based Healthcare Payments Automation Center (HPAC) is “Enabling Transformation of Healthcare Payments” by converting paper-based EOBs, correspondence and patient payments, normalizing ANSI X12 EDI 835 remittance advices and reconciling EFT/ACH payments to ERAs via reassociation. HPAC automates posting of receivables into patient accounting systems and hospital information systems, achieving straight-through processing levels of efficiency. Orbograph recognition technologies are “Enabling Transformation of the Check Experience” in 20 of the top 30 U.S. financial institutions with in-house check processing. Get more information at www.orbograph.com, or contact Joe Gregory, 978-667-6037 x5046, joe.gregory@orbograph.com.

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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.

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