Healthpac Computer Systems Expands Partnerships with Orbograph for EOB Conversion and EFT Reassociation to ERAs
Automated data lift and reassociation technologies will reduce costs for providers by up to 50%
February 6, 2014, Savannah, GA, 10th Annual Healthpac User Conference – 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 Healthpac Computer Systems, Inc. will offer Orbograph’s EOB data conversion services - via its innovative Healthcare Payment Automation Center (HPAC).
HPAC hosts the Orbograph P2Post™ EOB data lift service which is 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. P2Post with Opti-Lift technology can achieve ten to fifteen times the efficiency levels of manual EOB posting.
In addition to EOB conversion, Healthpac clients can utilize the Orbograph E2Post solution to reassociate EFT’s (electronic funds transfers) to ERAs (electronic remittance advices). This saves significant balancing time in the reconciliation process of ACH payments received into the provider’s bank account.
“The Orbograph Opti-Lift technology gives us the ability to drive down the costs of our client base by nearly 50% in many cases. With a fast onboarding approach, our goal will be to convert clients quickly and efficiently. Healthpac is excited to offer this value-added service to all healthcare providers,” stated Buddy Claborn, CEO of Healthpac.
“Healthpac is a well-proven organization, providing solutions that increase efficiency to billers, providers and specialty practices. We are very pleased to be a part of Healthpac’s offering and look forward to supporting their goals of reducing clients’ revenue leakage and increasing payment automation,” stated Barry Cohen, Co-President of Orbograph.
About Healthpac Computer Systems, Inc.
Healthpac Computer Systems, Inc. (www.healthpac.net/) has been a software pioneer in the medical community since 1981. Healthpac provides advanced medical billing and management software for a range of customers that includes physicians, radiology imaging centers, healthcare providers, laboratories and medical billing companies. The company was founded in 1981 by B. D. Claborn, Jr., specifically to address the growing needs of billing professionals in the ever changing healthcare industry. They keep pace with, and exceed, the demands so necessary to survive in the complex healthcare billing environment. Healthpac software solutions include scheduling, bi-directional HL7 interfaces, EMR, dashboard analytics and robust paperless work queues for both Part A and Part B billing via either an ASP service or a turnkey licensing using their clients’ equipment.
Orbograph (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.
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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 www.orbograph.com.