Insurance fraud is a growing concern to providers of insurance cover and is pushing up the cost of premiums. Whether it be false or exaggerated claims for motor vehicle accidents or attempts to falsify medical and pharmacy claims (e.g. Medicaid and Medicare fraud), insurance fraud is becoming more prolific in today's financial climate.
Neural Technologies' Minotaur insurance risk management software offers two stages of fraud protection for insurance providers. It enables them to assess new policy applications to identify potential or repeat fraudsters. In addition, it offers profiling of claims and claimants to differentiate between genuine and fraudulent claims.
| Examples of fraud types managed by Minotaur | |
| False Claims Fraud | Staff / Employee Fraud |
| Agent / Broker Fraud | Money Laundering |
| Identity Theft | Crash for Cash Schemes |
| Phantom Billing | Patient Billing |
| Upcoding Schemes & Unbundling | Multi-charging |
| Double & Over Billing | High Value Prescriptions |
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More information on insurance fraud management software |
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| Insurance fraud management software | |
Visit our Insurance downloads area.
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