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HealthCare Insight Coauthors a Chapter in "Stop Paying the Crooks: Solutions to End the Fraud That Threatens Your Healthcare"

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SALT LAKE CITY, UT--(Marketwire - August 18, 2009) - HealthCare Insight® (HCI), a division
of Verisk Health, Inc. and provider of clinically validated fraud, abuse
and overpayment prevention solutions for private and public-sector payors,
announced today that it has coauthored a chapter in the new book "Stop
Paying the Crooks: Solutions to End the Fraud That Threatens Your
Healthcare." Published by the Center for Health Transformation, the book is
edited by James R. Frogue, with a foreword by Newt Gingrich.

Chapter 8, entitled "The 'F' Word: $250 Billion of Easy Money," chronicles
how health care and the associated costs have become two of the greatest
issues of our time. Doctors Chris Kryder and Barry Johnson lead Verisk
Health and its HealthCare Insight division respectively, comprising one of
the largest health care data analytics firms in the United States, and they
offer insight into how the fraud dollars lost within Medicare and Medicaid
outweigh the losses administered by commercial insurers.

Dr. Kryder and Dr. Johnson emphasize that it is a matter of utmost
importance that we institute immediate and comprehensive fraud prevention
policies to be sure we do not repeat and exacerbate very costly existing
problems. They estimate that with an aggressive and coordinated fraud and
abuse prevention policy imposed by all payors, the potential realized cost
savings could approach $250 billion annually.

"With this current climate of government spending and fraud, it is the
perfect time for the Center for Health Transformation to announce the
upcoming publication of an in-depth book on health care fraud, and we are
very excited to be a part of this critical book," said Dr. Barry Johnson,
president of HealthCare Insight. "Given that health care costs make up
around one-seventh of America's economy, it is imperative at this time to
ensure that funding goes to appropriate people and organizations, not
crooks seeking to rob taxpayers. We hope this book sparks many national
discussions about fraud, the perverse incentives that allow such fraud to
flourish and key strategies to bring these schemes to an end."

About HealthCare Insight® (HCI)

HCI, a division of Verisk Health, Inc., provides private and public-sector
health care claims payors (including health plans, managed care
organizations, insurance carriers, third-party administrators, Medicaid,
and Medicare) with a comprehensive suite of clinically validated fraud and
abuse surveillance services designed to maximize claims administration
accuracy and minimize payment waste. Each of HCI's customizable
software-as-a-service (SaaS) solutions relies on a unique prepayment
process that combines proprietary software systems with detailed review by
experienced clinicians (doctors, nurses, and dentists) and investigators on
all suspect claims and billing patterns. HCI's differentiated process
enables payors to target fraud with greater efficiency by significantly
increasing the quality of results returned. For more information and to
learn about HCI's no-cost Cost Reduction Analysis, please visit
www.hcinsight.com or call
1-877-619-5557.

 

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