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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!

Who’s Winning in this New Era of Healthcare Revenue Cycle Management? Consultants…

Who’s Winning in this New Era of Healthcare Revenue Cycle Management?  Consultants…According to a new survey by Black Book, the consulting business is booming in healthcare revenue cycle management; and rightly so! Challenges that executives cited for updating RCM projects include:

  • 77 percent have not begun a strategic plan for transforming RCM solutions for known deadlines because of lack of internal experts to do so.
  • 80 percent of CIOs said they do not have the IT staff in-house to transform RCM end-to-end.

For these reasons, consulting companies will be utilized heavily over the next several years:

  • 90 percent of those who use RCM consulting services expect their expenses to double for add-on RCM projects in 2014. Thirty-six percent of “light users” of consulting services said their expenses could quadruple.
  • 86 percent of hospital C-level executives expect new RCM consulting engagements to be under way through the end of 2014. Fifty-seven percent expect new projects to begin by June 2014.
  • 66 percent of RCM-centric consulting firms and 92 percent of general management consulting firms expect to be hiring additional RCM financial and technology experts in this high-growth area.

It’s hard to imagine all of the initiatives which could impact the profitability of a healthcare provider.  Let’s see… there’s billing changes (ICD-10), a whole new wave of new patients which may not be profitable (ACA), new regulations and technologies (ERA Standard and EFT & ERA Operating Rules, HIT), new accountability (ACOs), industry consolidation, new integration (HIE)… and don’t forget about HIPAA and about 10 others which we won’t go into right now. Try to assemble a model with variables which incorporate patient profiles, adoption rates of Obamacare and technology investments. Now there is a complex decision process which consultants can help with!

However, if an organization has the right expertise in-house, then implementing new technologies which reengineer existing workflows can dramatically reduce costs of certain dedicated processes.  We know that to be the case in healthcare payments. Paper processing still exists, i.e. EOBs, but improvements are still attaining savings of 20-60%! So there are improvements which can be done without using external resources.

Some say, a consultant is someone who comes in to solve a problem and stays around long enough to become part of it. That may be the case, but consultants play an important part of our industry and will support the efforts of improving the revenue cycle in the future!

http://www.fiercehealthit.com/story/rcm-projects-good-consultants-pricy-hospitals/2013-10-09?utm_medium=nl&utm_source=internal

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