Paper EOBs play a significant role in the healthcare payment space, regardless of the high growth rates quoted around electronic payments adoption.
Billerica, MA (PRWEB) March 07, 2014
Orbograph, a premier supplier of recognition solutions for the U.S. check processing market as well as electronic/paper automation solutions in healthcare revenue cycle management (RCM), announced today that the Company was selected as a top five vendor by PBP Media in its report, Top 5 Revenue Cycle Management Software.
The educational report provides the following:
- Overview of RCM
- Benefits of RCM software
- Critical features utilized in the industry
- Key capabilities to look for in RCM software
Orbograph was selected for its “game changing” EOB conversion/data lift technologies and innovative reassociation capabilities for ACH (automated clearing house) payments with electronic remittance advices (ERA). Reassociation supports the needs of healthcare providers and health plans/payers to comply with the January 2014 EFT/ERA Operating Rule Mandate, a requirement of the Affordable Care Act 1104.
Orbograph’s Healthcare Payment Automation Center (HPAC) hosts the Orbograph P2Post™ EOB data lift service, powered by Orbograph Opti-Lift™ technology. P2Post is comprised of a six-step multi-engine recognition technology tightly integrated with various quality control processes used to increase the accuracy of converting explanation of benefits (EOBs) into postable EDI 835 output. Opti-Lift technology can achieve ten to fifteen times the efficiency levels of manual EOB posting.
“Orbograph’s selection by PBP Media as a top software vendor is validation that our solution offers a major value proposition for this market. Paper EOBs play a significant role in the healthcare payment space, regardless of the high growth rates quoted around electronic payments adoption. Healthcare payment automation and reconciliation is the backbone to reducing administrative healthcare costs and we have proven our new P2Post concepts deliver exceptional results,” stated Joe Gregory, Vice President of Marketing for Orbograph.
The Top 5 Revenue Cycle Management Software report can be downloaded at http://offer.pbpmedia.com/36X/39X.
Orbograph (http://www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post and Orbograph E2Post utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.yea
NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at http://www.orbograph.com.