Employers lose billions of dollars every year thanks to unchecked—and undiscovered—fraud, waste, and abuse in employer-funded health plans. In fact, according to the National Health Care Anti-Fraud Association (NHCAA), losses due to healthcare fraud alone are in the tens of billions annually. Some experts suggest this equates to 10 percent of the annual health outlay, which amounts to more than $300 billion in losses.
So why don’t employers address this waste and attempt to tamp down the rising costs of healthcare? Simply put, most aren’t equipped for the task—in terms of time, staff, and expertise. SmartLight’s team of experts are ready to take on the task.