Healthcare fraud is one of the biggest issues facing the medical industry — and with the medical field being one of the fastest growing areas of the U.S. economy, it’s important to put measures in place to prevent malicious activities. Billing and accounting are two of the main areas of the healthcare industry that encounter fraud.
From false claims to simple accounting errors, healthcare organizations can lose hundreds of thousands of dollars annually.
To combat healthcare fraud, institutions are looking to accounting controls. Accountants are the first line of defense for fraudulent activities and can play a huge role in preventing them. Accounting controls can be put in place to help catch fraud, while also providing patients with more peace of mind that they are not being overbilled.
To learn more about how accounting controls can mitigate healthcare fraud, read the infographic found below.