With Medicare alone, the system is losing $60 Billion a year to fraud. Crooks don't have to do much more than create a company and start billing Medicare.
Kim Brandt, Medicare's director of program integrity says: "Well, it really does come down to the size and scope of the Medicare program, and the resources that are dedicated to oversight and anti-fraud work. One of our biggest challenges has been that we have a program that pays out over a billion claims a year, over $430 billion, and our oversight budget has been extremely limited."
The MDS CheckID® system is unique because it attempts to stop insurance fraud BEFORE it happens.
Can you imagine if our system was able to put even have of that money lost back into the system? Lower costs for just about every service? Higher reimbursments for providers?
This is our goal.
MDS Software differentiates its solution by providing this application to government organizations at no cost. And providers pay a modest annual subscription to have the system in their offices. There are no transaction costs or additional fees.
MDS will also provide installation, training and technical support for providers.
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