According to the National Health Care Anti-Fraud Association, $ 3.6 trillion has been spent on healthcare The United States in 2018, and that financial losses from healthcare fraud are in the tens of billions of dollars each year. Estimates put it at 3% of total health care spending, while some government and law enforcement agencies put the loss at up to 10% of our annual health care spending, which could mean more than that $ 100 billion in 2018 alone.
Fraud detection and prevention have eluded the medical industry for decades
Corresponding Michael Arrigo, “Fraud detection and prevention has escaped the healthcare industry for decades. Skilled analytics and medical billing expertise can help all parties in the healthcare value chain.”