In the more traditional retail and wholesale lockbox remittance environment, we will also highlight how our new technologies transform full payment and partial payment workflows by driving automated kill rates to near 100%
Billerica, MA (PRWEB) June 02, 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 is sponsoring the Healthcare Track at The Institute of Finance & Management’s (IOFM) Payments Summit. Additionally, Orbograph will be highlighted in presentations from business partner Healthcare Revenue Strategies, LLC. (HRS) and customer, South Nassau Communities Hospital (SNCH).
The IOFM Payments Summit (http://www.iofm.com) examines the opportunities, challenges and business drivers for emerging payments automation technologies and processes. Billers and banks need strategies for managing multiple payment channels and transitioning remittance and lockbox operations from paper checks to multi-channel electronic payments inputs.
“The involvement of Chuck Duncan, CEO of HRS and Christine Kassouf-Zoeller, Manager of Financial Management Systems and President of the National User Group of NTT Data, provides a detailed review of the business model and efficiencies which can be derived as the healthcare industry transitions from paper to electronic,” stated Joe J. Gregory, Vice President of Marketing at Orbograph.
Andy Leonhardt, VP of Sales for Orbograph stated, “In the more traditional retail and wholesale lockbox remittance environment, we will also highlight how our new technologies transform full payment and partial payment workflows by driving automated kill rates to near 100%. The opportunity to highlight business value is critical to market education as clients are many times surprised with the ROI these solutions can provide.”
The Institute of Finance & Management (IOFM) is the leading source and largest provider of tools, resources, research, training, certification programs, and events in the rapidly evolving field of financial operations.
IOFM runs three membership networks: The Accounts Payable Network (TARN), The Accounts Receivable Network (TARN), and The Controller’s Network (TCN). Membership helps professionals advance their careers and organizations improve their processes through access to proprietary information, best practices, and expert insights.
In 2014, IOFM will host five events to facilitate education and networking in financial operations including: Accounts Payable Expo East and West, The Controllers Conference & Expo, The AP & P2P Leadership Conference, and The Payments Summit.
IOFM is a business unit within Diversified Communications, a global organization operating on four continents and a major independent producer of events and media worldwide. For more information, visit http://www.iofm.com.
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 electronic/paper automation 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 facilitate and streamline the processing of payments and to automate the posting of receivables into practice management systems. Orbograph enables clients to envision more for by reducing costs and managing risk while ensuring that achieving more is a reality.
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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.