CARSON CITY, Nev., Nov. 17, 2021 /PRNewswire/ -- No World Borders a company of experts in healthcare data, regulations and economics announced new capabilities for its management consulting and litigation consulting practice.
Healthcare fraud costs U.S. Taxpayers $billions every year
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Michael F Arrigo
According to The National Health Care Anti-Fraud Association, $3.6 trillion was spent on health care in the United States in 2018, and that the financial losses due to health care fraud are in the tens of billions of dollars each year. Estimates range from 3% of total health care expenditures, while some government and law enforcement agencies place the loss as high as 10% of our annual health outlay, which could mean more than $100 billion in 2018 alone.
For decades, fraud detection and prevention elude the medical industry
According to Michael Arrigo, "Detection and prevention fraud has eluded the health care industry for decades. Skilled analytics and medical billing expert witness capabilities can help all parties in the health care value chain."
Healthcare data analytics and insurance claim processing experts
Mr. Arrigo continued, "For health care providers, ensuring accurate clinical documentation, medical coding, and medical billing ensures reliable reimbursement. For health plans and self-insured employers, skilled experts in med ..
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