Tag Archives: HITRUST

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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Healthcare Fraud Shield successfully achieves HITRUST CSF certification.

24 Feb

ST. LOUIS, February 23rd, 2016 – Healthcare Fraud Shield (HCFS), one of the fastest growing Software-as-a-Service (SaaS) solutions companies for Healthcare Fraud, Waste, and Abuse (FWA) detection, prevention, and recovery announced it has earned certified status for information security by the Health Information Trust (HITRUST) Alliance.

HITRUST was developed in collaboration with healthcare and information security professionals to rationalize healthcare-relevant regulations and standards into a single overarching security framework. By achieving this certification Healthcare Fraud Shield continues its commitment to meet key healthcare regulations for protecting and securing sensitive private healthcare information including the handling of Protected Health Information (PHI).

This places Healthcare Fraud Shield in an elite group of healthcare specific organizations worldwide that have earned this certification.

HITRUST™ certification for Healthcare Fraud Shield has been recognized and appreciated by Healthcare customers, especially with regards to information security, compliance, and technology decisions. Customers, who have stringent vendor approval processes with regards to information security, are able to effectively streamline review and approval processes.  “Our healthcare insurance customers all take information, data, and network security seriously. The HITRUST CSF is the gold-standard and they have been pleased with our continuous HITRUST certification,” said Steve Halper, CEO of Healthcare Fraud Shield. “With all the information security requirements, such as HIPAA, and all the challenges, such as cyber-attacks, that our customers must address, they recognize our partnership commitment to them in going above and beyond in being a trusted steward of information.”

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

Did you know Healthcare Fraud Shield is HITRUST Certified?

3 Oct
  • Healthcare Fraud Shield achieved the HITRUST certification
  • HITRUST is the Common Security Framework (CSF) utilized by 72% of U.S. hospitals and health plans for managing risk in their environment
  • The certification consists of a comprehensive audit performed by a third-party auditor regarding Healthcare Fraud Shield’s compliance with the HITRUST CSF
  • All processes and procedures related to security were audited
  • The audit Included a validation of Healthcare Fraud Shield’s controls related to handling of Protected Health Information (PHI)
  • The audit Included a review of Healthcare Fraud Shield’s production data center where our customer data is stored
  • An annual review and certification process is required to maintain HITRUST certification
  • Maintaining this certification streamlines your IT review and vendor approval process for security

www.hcfraudshield.com