Accurately capturing and verifying insurance information is one of the most critical components of every healthcare provider’s patient intake process. Many providers use a manual entry process or rely on basic optical character recognition (OCR) systems for this crucial step.
Capture Card through AI Powered Rest API/SDK
Image capture made simple using RestAPI/SDK that comes with two different ways of capturing the image. In both methods the file format checker and byte level signature security checks performed for security.
Client side image crop method uses Azure CDN URL that uses the computing power of end user device and runs on client side to capture, crop the target card and renders reduce size and optimized image Server side image crop method offers RestAPI that can take raw image and return optimized image after running thru AI model in back end.
Extract Data from Cards Using RestAPI
Using RestAPI from your application pass the front and back of the insurance card to receive the critical data elements including Subscriber ID, Group ID, Insurance Payer Name, Payer ID from Insurance cards in real time.
Electronic Payer ID Identification
Electronic Payer ID is not available on some Insurance cards. PracticeSquire team curated proprietary payer database and combination of AI classification algorithms identify the Electronic Insurance Payer ID.
This step additional step performed as part of the RestAPI Card OCR request to provide additional information that many OCR solutions cannot provide.
Real Time Eligibility Verification Using RestAPI
After detecting the insurance data elements from card, the same RestAPI can also be used for validating the insurance coverage and benefits in realtime.
Insurance benefit validation RestAPI may also be as stand alone without passign the insurance card images.
The Smarter Way to Capture, Verify, and Process Insurance with an AI-Powered Solution
There are currently NO established and efficient Insurance Capture methods available in PM/EHR systems for insurance data intake
Share this graphic on your site!
The Challenges Of Traditional Insurance Processing Zap Our Time, Money, And Accuracy
Health insurance denied claims are far more expensive than we realize Annually, they equal more than $262 billion!* *Status Seeker
27% of all denied claims ($71 billion) result from errors at patient registration — including insurance processing
$71 billion is:
1/60 of all healthcare spending in the US
1/3 of all hospital expenditures on administrative costs ($215 billion per year)
More than the annual Medicaid expenditure in 55/56 US states and territories (California)
There are four main contributors to this:
Conventional insurance processing requires human experts
They need to have expensive insurance domain expertise for:
Identifying the insurance payer
Identifying the electronic eligibility payer ID
Identifying accurate claims payer ID where claims must be submitted
Most insurance cards don’t clearly print or indicate any of this information
The added location complexity makes submitting claims to the correct payer even harder
BlueCross BlueShield, Medicare, Tricare, and other insurance companies have state, local, and ZIP claim processes that require you to select the right locality
You must understand:
Medicare jurisdictions (12 for medical claims and 4 for equipment claims)
Tricare regions (2 regions)
Multi-state localities (34 locations)
Failure to identify the payer’s locality correctly may lead to a claim denial.
Traditional insurance capture is prone to human error
3% is the average error rate among all health insurance information in the US
Even current digital intake systems can’t automatically decode information from insurance card images alone
Most OCR solutions can’t identify insurance information that isn’t printed on a card
Medicare, Medicaid, and Blue Cross Blue Shield don’t print payer IDs on cards, meaning traditional OCRs need human intervention — not ideal for busy providers
Plus, traditional OCR solutions can’t process digital insurance cards, although more and more patients are downloading cards online
Finally, OCR solutions without insurance verification are error-prone
The traditional OCR’s character recognition error rate leaves unvalidated data as part of claims processing
Denied claims are an outcome no one wants
But without technology, there’s no way to completely eliminate:
Misidentified payer and patient information
Incorrect data entry from human error
Inaccurate coverage determination
A true AI-powered OCR solution is the best way to overcome human limitations in insurance processing — which is why Orbit’s patent-pending AI is changing the game The Orbit AI-Powered Insurance Card Reader Decodes Payers, Records Plans, And Processes Insurance Verification Like A Human
The Orbit AI-Powered Insurance Card Reader is an insurance card image reading AI model trained on 4,000+ insurance payers and 20,000+ insurance plan types
This is combined with algorithms that validate the information and verify details with payers in less than 5 seconds
Our AI instantly identifies:
The program can identify pharmacy insurance details in real time
RXBIN: Bank Identification Number
RXPCN: Processor Control Number
RXGRP: Group ID Number
With three unique patents and a finely tuned algorithm, the Orbit insurance card reader is the only capture, verification, and processing model of its kind And The Benefits Speak For Themselves
It takes 5 - 15 minutes to process insurance manually
It takes less than 5 seconds for the Orbit insurance card reader to do the same thing
Every reworked claim due to incorrect insurance capture costs providers an average $25 per claim, plus 1% to 10% of net charges when claims get rerouted
Orbit saves an average of 80% for providers using AI-Powered insurance card capture solution, which frees up thousands of dollars for other line items
Medical claims staff may have limited experience identifying payers and verifying information
The Orbit Insurance Card Reader is trained and updated by millions of insurance cards every year.
Employee burnout was the second-largest cause of medical turnover in 2022
With Orbit, you can automate repetitive tasks and alleviate staff workload, improving engagement and decreasing administrative burdens
Staff does not need to be trained on insurance payers, plans, and contracts
AI-Powered Insurance capture solution works like a human alongside your staff