Skip to content

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-Based Check Automation

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.

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!

A study from Eliciting Insights shows that, while adoption of revenue cycle technology is brisk, some medical facilities are hesitant to adopt automated remittance posting in spite of its proven ability to solidify the bottom line in challenging times.

Based on survey responses from 179 hospital revenue cycle executives, here are some takeaways as reported on Becker’s Hospital CFO Report:

  1. Nearly 33 percent of respondents said their hospital does not have a technology solution in place to automate remittance posting.
  2. However, more than 40 percent of respondents said their hospital has put a vendor in place for automated remittance posting, remittance storage and searching, lockbox, denials management analytics, contract management and/or audit management in the last three years.
  3. When it comes to remittance management, respondents said the top hassles for their hospitals are accuracy of splitting remittances across multiple locations and matching a remittance to an electronic funds transfer.
  4. Twenty percent of hospital respondents with a revenue cycle management vendor in place said they are not pleased with at least one of their existing RCM vendors, and 8 percent are not pleased with more than one of their existing RCM vendors.

An overview of the Eliciting Insights study is available here.

Hospitals are facing an uphill battle when it comes to revenue cycle management. When choosing a vendor, hospitals should strongly consider vendors that leverage new technologies such as AI and Deep Learning for automating remittance posting.

Leave a Comment





Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.