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AI Innovation

Both the financial and healthcare industries are undergoing an AI evolution. Review our vision for Artificial Neural Networks (ANN) and deep learning targeting these industries.

AI and Deep Learning-Based Check Processing

Check recognition & fraud detection are the most important components in today's check processing and omni-channel capture. Learn how OrboAnywhere using OrbNet AI technology reduces costs and mitigates risk for any check image capture workflow.

AI-Based Healthcare Electronification

OrboAccess, powered by OrbNet AI, provides electronification to remits and payments, enabling RCM companies to automate posting, improve research, and deliver business intelligence

About Us

Celebrating 25 years of innovation, OrboGraph has transformed into an AI company delivering targeted automation solutions to the banking and healthcare industries.

Resources

From news and events to case studies, trends, and videos, this section provides a range of information resources for payment automation in the banking and healthcare industries.

Blogs

OrboGraph produces four blog series on a weekly basis covering topics from check processing, fraud prevention, AI technologies, RCM, and healthcare electronification. Select one the blog to the right. We hope you enjoy!

Revenue Cycle Outsourcing: What Points Do Providers Consider?

For Revenue Cycle Outsourcers -- RCM companies, clearinghouses, billers, and medical lockbox providers --  the quandry is this: What do healthcare providers evaluate in their decisions to outsource their revenue cycle operations?

An article by revcycleintelligence.com cites a report by KLAS on the importance of this decision:

“Entrusting your organization’s financial health to a revenue cycle outsourcing (RCO) firm can feel like giving up the keys to the kingdom,” KLAS stated. Therefore, the decision on which firm to select is not taken lightly by healthcare leaders.

Doctor meeting reduced

This should not be a surprise to anyone in healthcare, as this represents the life-blood of the industry. So what comes into play when these providers are considering RCOs?

What are the Decision Points Considered?

Outsourcing revenue cycle has many benefits. However, it is truly a case-by-case situation as each healthcare provider is unique and has different internal capabilities. Revcycleintelligence.com goes on to explain:

KLAS reported that providers are motivated to outsource revenue cycle management to tap the economies of scale outsourcing can provide. Since firms provide revenue cycle outsourcing services for many healthcare organizations, current clients said they are able to reduce cost to collect and get paid at a higher rate than if they managed revenue cycle on their own.

Many respondents also felt firms “have a level of experience and expertise that would be difficult to replicate in-house,” according to the report.

Calm doctor touching a medical interface in the hospital

Now that we understand the motivation, here are the top factors considered by healthcare providers:

  • Price
  • Vendor reputation
  • Expertise
  • Relationships
  • Staffing challenges
  • Standardization

When examining these factors, there are a few that stand as not-so-obvious, but just as important than the other factors. For example, a vendor's reputation -- how the industry views the vendor and the feedback of the vendor online and from industry colleagues -- plays a major role.

Reputation was particularly key, with some current clients citing perceptions about a firm’s performance and EHR vendor experience for reasons they decided not to go with a particular firm.

The article notes how one of the largest RCOs has recently struggled with its reputation as clients “have lost faith in the firm” and "80 percent of responding clients are dissatisfied," consequently leading to a significant reduction in clients' perception of value.

As more and more healthcare organizations look to gain efficiencies and leverage the latest technologies, it is important for RCOs to consider all of the factors above, particularly reputation. RCOs should also consider these factors when they are evaluating technology vendors as part of their offerings. With hundreds of healthcare technology startups popping up each year, it is more important than ever to avoid getting caught up with flashy unproven technology or solutions. The better alternative is to partner with a vendor that continues to innovate and has a proven track record.

Medical,Technology,Network,Team,Meeting,Concept.,Doctor,Hand,Working,Smart

For nearly a decade, OrboGraph has been the technology partner of choice for hundreds of RCOs, providing innovative technologies to automate healthcare payments processing. Additionally, our US-based Client Services team provides dedicated support to our partners every step of the way, from implementation to client success.

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