Safeguarding Healthcare Against Fraud: The Power of AI-Powered Defense
In an era where technology is rapidly advancing, the healthcare industry is not exempt from the challenges posed by fraud and abuse. With the increasing complexity of healthcare systems and the ever-evolving tactics of fraudsters, safeguarding the integrity of healthcare services is paramount. Fortunately, the integration of Artificial Intelligence (AI) offers a promising solution to mitigate fraudulent activities within the healthcare sector. Understanding the Threat Healthcare fraud encompasses a wide array of illicit activities, including billing for services not rendered, overcharging, identity theft, and prescription drug fraud, among others. These fraudulent practices not only result in significant financial losses but also jeopardize patient safety and undermine the trust in healthcare systems. Traditional methods of fraud detection often fall short in keeping pace with the sophisticated strategies employed by fraudsters. Manual review processes are time-consum...