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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)

Modernizing RCM with AI

An informative resource to assist RCM companies in understanding how to solve today's problems with the help of AI.

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

Traditional Products

Based on the Accura XV platform

Modernizing Omnichannel Check Fraud Detection

An informative blog series exploring payments fraud and image technologies used to fight financial crimes.

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!

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