In 2017, there was a median loss of $1,185,990 for health care fraud offenses. Per the Centers for Medicare and Medicaid Services, in 2016 health care spending reached $3.3 trillion. It was also estimated that hundreds of billions of dollars were also lost to health care fraud annually. Is your medical practice prepared to handle health care fraud prevention and detection? Do you know the first steps to take? Do you recognize the different options you have to detect fraud? You need a fraud and abuse management system in place that utilizes healthcare fraud software.
How Does Healthcare Fraud Happen?
Healthcare fraud occurs when an individual that is insured, or a provider of health care, offers misleading or false information to insurance companies so the health insurance company will pay for benefits that are unauthorized to said policyholder, party, individual or health care provider. As a medical care employer, you may experience both or one of those insta (more…)
Nov 06 2019