Healthcare Fraud Shield announces several new customer implementations and new product enhancements

21 Mar

ST. LOUIS, February 29th, 2016– Healthcare Fraud Shield, one of the fastest growing Software-as-a-Service (SaaS) Fraud, Waste and Abuse (FWA) solutions has been selected by several healthcare insurance companies to help prevent, reduce, and recover millions of dollars in wasted healthcare spending.

Financial losses in the healthcare industry are estimated by the National Health Care Anti-Fraud Association (NHCAA) to in the tens of billions of dollars. These losses have huge implications on consumers, healthcare providers, and healthcare insurance companies. In order to help prevent these FWA losses, Healthcare Fraud Shield has been developed by industry experts to be the most effective solution on the market today.

Customer implementations now include two of the top ten largest healthcare insurance companies. In addition to several other customer implementations, Healthcare Fraud Shield has been invited to participate in several industry collaboration FWA projects.

The latest enhancements, which are released quarterly to stay ahead of evolving fraud schemes, include case management updates, additional dashboards, and user experience improvements. These help customers to benefit from an integrated platform linking pre-payment and post-payment analytics, expedited decision-making, and increased querying capabilities.

“We are excited that our customers are realizing huge FWA financial return on investment results,” said Steve Halper, CEO of Healthcare Fraud Shield. “Our product development team include some of the most respected healthcare industry experts and we listen carefully to what our customers need. An indicative testament was the recent selection of our system by a customer, after their rigorous selection process of testing almost every FWA system.”

About Healthcare Fraud Shield

Healthcare Fraud Shield (www.hcfraudshield.com) is one of the fastest growing providers of FWA systems in the healthcare industry.  Customers who implement the FWAShield suite of SaaS products have realized millions of dollars in savings, have prevented certain types of fraud, and have benefited from productivity and workflow improvements. The company founders and core development team previously pioneered the automated FWA systems in the banking and finance industry, creating two of the leading solutions still in use today.  By combining this cutting edge technology with the most knowledgeable health care fraud prevention experts, Healthcare Fraud Shield is acknowledged as the most innovative and effective solution in the market today.  

Media Contact:
Richard Copeland
Healthcare Fraud Shield
1-888-333-8140
rcopeland@hcfraudshield.com

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