Fairness, transparency, integrity and competition are essential for managing public funds. We rely on departments to choose the best value from the private sector. Efficient public procurement improves services, infrastructure, and the economy. It must also be accountable to the public by protecting financial loss from fraud, waste, abuse, and
Step behind the scenes to see the role of neural networks in detecting payment fraud.
It is no surprise that generative AI (GenAI) is quickly becoming a potent tool in the health and life sciences industry. There are numerous ways that AI and GenAI can help beat the rising tide of fraud. We can count on these new technologies to enable the ability to commit
Headlines about government spending often highlight eye-catching, big-ticket items like transportation infrastructure projects or military equipment. However, smaller expenses also accumulate – significantly and often undetected. In fiscal year 2024, the US federal government spent $6.75 trillion on various goods, services and programs, and the UK central government spent £35.2
Fraud knows no boundaries. It’s one of the biggest challenges related to tax governance around the world. Tax crimes have serious consequences – tax losses, tax base erosion, national security risks and economic disruption. The effect is far-reaching. Governments are strained to fill the gap between revenues and spending and
Insurers are racing to adopt GenAI, despite concerns. See where the industry is headed.
Medicaid program integrity, in simple terms, is a program that ensures that the funds allocated for Medicaid are used appropriately, that patients receive the care they deserve and that resources aren’t mishandled. But consider this staggering fact: In 2020, the Centers for Medicare and Medicaid Services (CMS) reported that Medicaid
Stu Bradley discusses the importance of education, diligence and analytics in the fight against fraud.
