New Medicare fraud detection system saves $115 mil

December 14, 2012 by Kelli Kennedy

A highly touted new system designed to stop fraudulent Medicare payments before they are paid has saved about $115 million and spurred more than 500 investigations since it was launched in 2011.

Federal health officials who released the report Friday noted the projected savings in future years could be exponentially higher.

But the overall figures are minuscule compared to the estimated $60 billion lost to annually.

With the Obama administration and Congress desperately looking for savings to avoid a budget meltdown, denting fraud has the potential to save billions of dollars.

The $77 million technology system fights fraud similar to the way credit card companies scan for suspicious charges and freeze accounts.

Explore further: US charges 91 in wave of health fraud cases

shares

Related Stories

US charges 91 in wave of health fraud cases

September 8, 2011

US authorities have charged 91 people over some $295 million in alleged fraud schemes related to Medicare, the government-run health program for seniors, the Justice Department said.

Feds charge 91 people in $429M Medicare fraud

October 4, 2012

(AP)—A federal strike force has charged 91 people, including doctors and nurses, in seven cities with Medicare fraud schemes involving $429 million in false billings.

Recommended for you

Bright lighting encourages healthy food choices

May 26, 2016

Dining in dimly lit restaurants has been linked to eating slowly and ultimately eating less than in brighter restaurants, but does lighting also impact how healthfully we order?

Big Data can save lives, says leading cancer expert

May 16, 2016

The sharing of genetic information from millions of cancer patients around the world could be key to revolutionising cancer prevention and care, according to a leading cancer expert from Queen's University Belfast.

New soap to ward off malaria carrying mosquitoes

May 13, 2016

(Medical Xpress)—Gérard Niyondiko along with colleagues Frank Langevin and Lisa Barutel has posted a project on the crowd source funding site ulule for a product called Faso Soap. They claim the soap can cut in half the ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.