4 Strategies to Combat Healthcare Fraud

The healthcare industry continues to face fraud, and much of it goes unexamined every year.

The GAO estimates that in 2010 more than $70 billion in improper payments were made by the federal government within the Medicare and Medicaid programs alone. According to the National Healthcare Antifraud and Abuse Association, between three and ten percent of all healthcare spending is lost to fraud.

In light of this, here are four new strategies the industry can adopt to combat fraud effectively:

1. Recognize the three most frequent kinds of fraud and develop separate approaches to combat them. Fundamentally, fraud can be divided into three categories...