FraudLens is the First Near Real-Time healthcare fraud, waste and abuse automated detection and prevention software solution that is specifically designed to reduce the financial burden caused by pre-payment of high volume, low dollar FWA (constituting more than 90% of all FWA) in addition to low volume, high dollar FWA.
FraudLens is an intelligent software solution that enables healthcare payers to increase savings significantly from fraud, waste and abuse (FWA) by moving from a decades-old “pay and chase” and “manual review” model to a smart, automated "detect and prevent” model. These new savings can be used to fund new initiatives.
FraudLens applies its Multi-Vectored technology comprised of miniature expert systems on all claims data every day. FraudLens reports within 24 hours (pre-payment & pre-adjudication) exactly who has committed FWA, what was fraudulent, when it happened, where it happened, and how it happened.Contact us
FraudLens is a one-of-a-kind medical and dental healthcare Fraud, Waste and Abuse detection and prevention solution that combines informatics, clinical expertise, forensics, information technology and advanced data visualization to reduce your FWA.View Detail
Despite years of effort and a plethora of variations of the “pay and chase” model, the percentage recovery as reported in 2013 by the Office of the Inspector General (OIG) of Health and Human Services was less than 6% of the total estimated healthcare FWA.
FraudLens uses a Multi-Vectored technology with multiple smart and connected algorithms to automatically detect and prevent most of the Fraud, Waste, and Abuse with precision within 24 hours.