WHITEPAPER • HEALTHCARE

Impact of Fraud on Medical Institutions

According to the latest data from the Health Care Fraud and Abuse Control Program, healthcare fraud recoveries exceeded $3.4 billion in 2023-nearly double the previous year's total. The National Health Care Anti-Fraud Association (NHCAA) estimates that healthcare fraud costs tens of billions of dollars annually, representing between 3-10% of total healthcare expenditures. These alarming statistics highlight the increasing sophistication of fraud schemes targeting providers, insurers, and patients.

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$16.4B spent in fraud detection

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2/3 Institutions are victims of fraud

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$100B in annual loss to fake identity

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7.29% global average loss to fraud

Download our comprehensive report to learn more about how fraud is affecting medical institutions and discover strategies for effective fraud mitigation.

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