Forensic Accounting Fights Fraud

Data-driven investigative capabilities have intensified, including, according to the Department of Justice, a “dedicated data analytics team that monitors billing trends, identifies aberrant providers, and helps our prosecutors spot emerging schemes and stop them.” Other weapons in the forensic accounting arsenal include predictive modeling, pattern recognition, link analysis, and anomaly detection. Current cases include those involving durable medical equipment (DME), such as urinary catheters and continuous glucose monitors; hospice; wound allografts; and controlled substances. Read a story from Forbes.

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