 The Problem ~
A most prevalent and costly health care insurance fraud is signing for multiple medical treatments
at one visit to a clinic. This pads medical bills and increases patient claim
awards. Multiple signing is very difficult to detect, the signatures are
authentic. With very little knowledge of how to avoid detection, it is virtually undetectable. This is the chief reason
that it is
so pervasive. Who will know? Many experts agree that multiple
signing accounts for 30% of all fraudulent medical claims.
The cost of multiple signing fraud is as difficult to determine as
multiple signing is to detect. However:
The easiest medical insurance fraud involves billing for services
that were never delivered. Warren-Benson Law
Group Website.
80 percent of healthcare fraud is by medical
providers. Health Insurance Association of America (1998)
More than one of every three bodily-injury
claims from car crashes involve fraud. Insurance Research Council
(1996)
Nearly one of three physicians say it's
necessary to game the health care system to provide high quality medical
care. Journal of the American Medical Association (2000)
The Association of Certified Fraud Examiners estimate U.S. losses in
2002 of $600 billion.
US GDP is approximately $11 trillion. Bureau of Economic Analysis
(2004)
Fraud amounts to 10 percent of U.S. healthcare
expenditures. Government Accounting Office (1992), National Health
Care Anti-Fraud Association (2001)
Healthcare cost is 14% of GDP. Medical World Search (1998)
Healthcare Cost is $1,576 billion and Healthcare fraud (10%) is $157
Billion. $50 Billion for multiple signing alone. Our conservative
estimate.
The cost is staggering using any estimate.
The Solution ~
Ink that measurably changes color over time. Signatures that were
signed at the same time will be the same color. Our ink,
pen and sign-in
form were all designed to detect and discourage fraud. The verification analysis is low cost and uses proven technology. It
can be highly automated and very effective.
The system will keep honest people honest. The deterrent of signing your
name below a warning and knowing
that someone is checking may yield more savings than catching the
fraud. Our technology will stop this problem at the source.
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