By maximizing your Return on Intelligence™,
you improve your Return on Investment.
Insurance Claim Fraud Detection
Apply the information available to you and discover those insurance claims most likely to be fraudulent before paying out the claims. makeplain™ fraud detection appliance can be configured for property and casualty insurance, group health, drug and dental benefits and title insurance. Since it is more difficult to recover funds that have already been paid out, advance your competitiveness by making the decision to focus your investigative resources proactively.
Within 60 days we can implement a Proof of Concept that would uncover between 5% and 10% fraudulent claims. On $1 billion of claims, this represents a potential savings of $50 to $100 million in excess payments. A very conservative 10% recovery rate would generate a bottom line saving of $5 to $10 million annually.