Healthcare Revenue Cycle Management
Orbograph’s Healthcare Revenue Cycle Management (HRCM) solutions enable healthcare providers, financial institutions, service bureaus and medical billers to convert Explanation of Benefits (EOB) forms or electronic data into a variety of post ready files (such as EDI 835 / X12-835) within the revenue cycle management (RCM) process; allowing for faster processing times and reduced costs in processing healthcare payments.
A leader in converting paper-based financial documents into electronic records, Orbograph products and services now touch nearly five billion financial transactions each year. Our solutions are used by more than 1,000 financial services and remittance processing companies throughout the Americas. Through its acquisition of Correct Claims Now, LLC., Orbograph now delivers world-class automation solutions to the Healthcare Revenue Cycle Management market.
The Orbograph Healthcare Revenue Cycle Management suite includes:
A powerful solution that leverages core Orbograph OCR/ICR recognition with data verification technologies to efficiently convert paper Explanation of Benefits (EOB) forms into post-ready files for a Provider’s Practice Management or Medical AR system.
An advanced electronic conversion solution that reconciles paper-based or electronic claim data with 835 payment files and payer specific Electronic Remittance Advices (ERA) to create a fully populated payment file for automatic posting.
“Medical providers are facing a near financial crisis as the operating revenues required for organizations to stay solvent are being lost due to inefficient billing and collections. The market is looking for improved levels of automation within the processes of revenue cycle management. We look forward to the challenge of addressing these needs with our robust solution set. Our slogan ‘Envision More. Achieve More.’ drives our team as we expand upon our innovative solutions for financial institutions, providers and billers.”
-Barry Cohen, General Manager of Orbograph