Orbograph Expands Healthcare Payments Division with Addition of Mike Gelbwachs

Senior sales executive to meet vigorous growth in healthcare payments automation

Billerica, MA, October 15, 2013 – 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 Mr. Mike Gelbwachs has joined the company in the position of Senior Sales Executive - Healthcare Payments to support the growing demand for Orbograph solutions by billers, clearinghouses and healthcare providers. Mr. Gelbwachs comes with a wealth of experience within the healthcare industry, having spent the last eleven years at Experian Corporation where he was responsible for achieving impressive growth of the company’s business in the market by 20-40% each year.

As part of his business development role, Mr. Gelbwachs will be advising clients on improving Explanation of Benefit (EOB) processing along with the implementation of EFT/ACH/ERA Reassociation. New Healthcare Operating Rules for EFT & ERA and NACHA’s TRN Association in ANSI X12 835 TR3 V5010 are aimed at streamlining the reassociation of payments and remittances so healthcare providers can automatically reconcile patient accounting systems to online bank accounts. See more at: http://www.orbograph.com/how-to-reassociate-eft-ach-payments-to-eras-in-2014.htm.

Barry Cohen, Co-President of Orbograph, stated, “Mr. Gelbwachs brings a proven background and market understanding which are critical to the business development efforts of Orbograph. His ability to uncover healthcare payment inefficiencies and provide effective client solutions is a perfect fit with Orbograph’s valued-added client relationship model.”

Orbograph’s healthcare payment automation solutions enable healthcare providers, financial institutions, service bureaus, clearinghouses and medical billers to convert EOBs and incomplete electronic data into a variety of post ready files (such as EDI 835 / X12-835) within the revenue cycle management (RCM) process. This allows for faster processing times and reduced costs in processing healthcare payments. These processes are automated via Orbograph’s Healthcare Payments Automation Center (HPAC) with the Orbograph P2Post / E2Post services.

About Orbograph

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 electronic/paper automation solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 financial institutions and in 20 of the top 30 U.S. financial institutions, processing billions of checks and claims annually. Service bureaus, clearinghouses, billers and healthcare providers leverage the Orbograph Healthcare Payments Automation Center (HPAC) for EOB data conversion and EFT/ACH/ERA Reassociation to streamline payment processing and automate the 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.

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