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.

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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

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

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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

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

Orbograph’s Healthcare Payment & Revenue Cycle Management Predictions

And now, OrboGraph’s Healthcare Payment and Revenue Cycle Management Predictions…

Just as we did in the check payments arena, we’ll give our best guess on 2017 predictions.  Usually, our predictions are a bit on the conservative side. Why? Because the media likes to hype new payment mechanisms, but adoption is always slower than what the innovation pundits say.

Wait for it… Wait for it… Boom…

  1. We predict that progress will be made in the adoption of electronic remittance (EDI 835 adoption) processing volumes — finally. Look for the CAQH (Council for Affordable Quality Healthcare), webinar next Thursday reviewing their 2016 CAQH Index® Findings: Healthcare Industry Trends in Electronic Business Transaction Adoption, Costs and Savings. It’s a big picture view of the market. Unfortunately, the numbers don’t always correlate to granular levels or market segments. For example, large hospitals are usually way ahead of small hospitals in adoption, but there are trends within each market segment which warrant analysis. Overall, the numbers could improve by as much as 10%.
  2. EOB volumes will be surprisingly strong. This contradicts the above statement to some degree. Overall, the healthcare market is growing and claim volume is predicted to increase by 8% per year. So, paper will “claim” a percentage of this.
  3. The number of correspondence letters will continue to rise as well. Actually, it may take another jump. We saw increases temporarily around ICD-10. New changes are coming in 2017…
  4. Hospitals and physician groups will focus on profitability as MACRA and ObamaCare changes continue to drive change in reimbursements. They may even look to reduce FTE’s… although this is always a sticking point in nonprofits.

Look for OrboGraph to release its own study in late January which will challenge some of the core market premises in paper remittance volumes, Reassociation, and denials processing.

Off to 2017 we go!

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