STARS®Solutions Suite - General Dynamics Information Technology
STARS®Solutions Suite - General Dynamics Information Technology
STARS®Solutions Suite - General Dynamics Information Technology
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Fraud, Waste and Abuse Protection<br />
Other estimates by government and law<br />
enforcement agencies 2 place the loss due to<br />
healthcare fraud as high as10 percent of our<br />
nation’s annual healthcare expenditure–or a<br />
staggering $226 billion–each year. And they<br />
anticipate the cost of healthcare will only<br />
continue to rise, which means the price tag<br />
associated with healthcare fraud, waste and<br />
abuse (FWA) is expected to rise too.<br />
No commercial or government health payer<br />
organization can afford to write off this much.<br />
Yet that happens when fraudulent claims are<br />
unintentionally paid. Left unchecked, the enormous<br />
cost of healthcare FWA threatens both<br />
the quality of healthcare and access to care<br />
for millions of Americans.<br />
The <strong>General</strong> <strong>Dynamics</strong> IT<br />
Advantage<br />
<strong>General</strong> <strong>Dynamics</strong> <strong>Information</strong> <strong>Technology</strong><br />
has a broad and deep understanding of<br />
healthcare billing, claims processing and<br />
healthcare FWA. We have a proven track<br />
record of quality-driven solutions, successful<br />
implementations and service quality. When you<br />
couple that with our well-earned reputation for<br />
managing complex data extraction and integration<br />
projects, you have a dynamic convergence<br />
of abilities that can make a big difference in the<br />
return on your healthcare information technology<br />
(IT) investments and the quality of your<br />
decision-making in an anti-fraud program.<br />
At <strong>General</strong> <strong>Dynamics</strong> IT, we are experts in<br />
collecting, analyzing and reporting data related<br />
to FWA. Our work is backed by an organization<br />
with more than 30 years of experience<br />
aggregating and analyzing data - one with<br />
more than 50 large-scale data warehouse<br />
deployments, more than 2.5 billion claims<br />
stored and analyzed annually, and more than<br />
300 million covered lives analyzed annually.<br />
Major government programs and 70 of the top<br />
200 health plans use our healthcare informatics<br />
solutions. You can count on keen insights,<br />
rigorous analysis, smooth implementations and<br />
superior service.<br />
FAST FRAUD FACTS<br />
• The U.S. spends more than $2 trillion<br />
on healthcare annually. At least 3<br />
percent of that spending–or $68<br />
billion–is lost to FWA each year.<br />
(National Health Care Anti-fraud<br />
Association, 2009)<br />
• In 2011, the Health Care Fraud<br />
Prevention and Enforcement Action<br />
Team (HEAT), comprised of the<br />
Department of Justice and the U.S.<br />
Department of Health and Human<br />
Services, recovered more than $4<br />
billion due to the departments’<br />
anti-fraud activities. (HHS News<br />
Release, April 4, 2012) 3<br />
1. National Health Care Anti-fraud Association, 2009. http://www.nhcaa.org<br />
2. Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Expenditure Projections 2007-2017.<br />
Federal Bureau of Investigation, Financial Crimes Report to the Public, Fiscal Year 2007.<br />
http://www.cms.hhs.gov/NationalHealthExpendData/Downloads/proj2007.pdf, http://www.fbi.gov/publications/financial/fcs_report2007/financial_crime_2007.htm<br />
3. http://www.hhs.gov/news/press/2012pres/04/20120404a.html