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

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)

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

Rural Hospital RCM Challenges Require Straight-Through Processing

In an environment where value-based reimbursement performance presents challenges to even the most “metropolitan” of hospitals and healthcare facilities, rural hospitals find themselves facing challenges heightened by their specific set of circumstances.

As RevCycleIntelligence reports:

Despite serving as a critical healthcare safety net for millions of patients, many rural hospitals are constantly on the brink of closing their doors.

Eighty-two rural hospitals have closed since 2010, and many more are considering shutting down because of low operating margins, challenging patient populations, and provider shortages.

In 2016, 41 percent of rural hospitals operated with negative margins. As patient populations get older, regulatory programs become more challenging, and resources remain scarce, stakeholders fear that the safety net may be unraveling.

In this article, RevCycleIntelligence offers a look at factors that make revenue cycle management more difficult in the rural hospital setting, and how can these organizations overcome key operational challenges stemming from their unique position. Among many takeaways is the fact that residents in rural regions are more likely to experience socioeconomic and clinical challenges, resulting in higher costs.

Population health at rural hospitals compared to non-rural hospitals
Source: Chartis Group and iVantage Health Analytics

According to the article, challenges to rural hospitals are not insurmountable if these top Key Performance Indicators are monitored as the organization shifts to value-based reimbursement:

  • Days in net accounts receivable, with favorable values below 52.46 days
  • Days in gross accounts receivable, below 50.37 days
  • Days cash on hand, above 76.26 days
  • Total margin, above 3.09 percent
  • Operating margin, above 1.79 percent
  • Debt service coverage ratio, above 2.89
  • Salaries to net patient revenue, below 44.68 percent
  • Payer mix percentage, favorable values for inpatient payer mix below 73.24 percent
  • Average age of plant (buildings and equipment), below 10.18 years
  • Long-term debt to capitalization, below 27.72 percent

Hitting the KPI’s above requires a clean healthcare payment and remittance approach enabling data to flow in and out smoothly without manual costs and time delays — essentially a straight-through process!  OrboAccess technology is the key component to drive revenue cycle success.

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