insurancejournal

Data and Analytics Cures Medical Provider Claims Fraud

Many industry organizations estimate that fraud, waste, and abuse by medical providers cost the insurance industry hundreds of billions annually. It’s a devastating epidemic that’s gaining momentum. But now there’s a prescription. In order to help insurers address the fraud problem, LexisNexis claims experts have developed a white paper, Advanced Data and Analytics for Property Casualty Insurance—the Cure for the Medical Provider Claims Fraud, Waste and Abuse. Within, LexisNexis examines how powerful new data analytics can empower insurance companies to detect, investigate, and deter potential fraud.