Healthcare Losses High Amid Antifraud Efforts

Written by Reed Tinsley | January 31, 2006

Blue Cross Blue Shield Saves $228M in Anti-Fraud Efforts

Blue Cross and Blue Shield Plans say that their anti-fraud efforts delivered savings and recoveries of nearly $228 million in 2004. Overall, government and law enforcement officials estimate that healthcare fraud at as high as $90 billion a year, the companies reported. More information can be found at http://releases.usnewswire.com

The News section of the Coalition Against Insurance Fraud Web site provides updates on recent insurance fraud cases and trends. It can be found at http://www.insurancefraud.org/stats_set.html.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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