Health Care Fraud: Are You Prepared to Absorb the Costs?

January 23, 2015 |

Health care fraud is a national problem affecting everyone in the US, either directly or indirectly. It is also a growing criminal enterprise. In Fiscal Year 2012 alone, various government teams involved in the Health Care Fraud and Abuse (“HCFAC”) Program recovered $4.2 billion from individuals and companies who attempted to defraud federal health programs.

This article outlines the schemes carried out by many segments of the health care system, including hospitals, physician practices and individuals, and discusses the various forensic accounting techniques used to identify fraudulent activity or the heightened risk of fraud.

Originally published in HealthCare Business News, January 2015 issue.