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Fraud, Waste, and Abuse
Prevention and Recovery

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Data intelligence for fraud mitigation

Every organization in the Healthcare Sector, from national health systems to health workers compensation programs to insurance companies, faces an insidious challenge: Fraudulent, wasteful, and abusive payments. Those FWA payments reduce the amount of healthcare being provided, drive up tax burden, increase costs for everyone, and reduce profitability.
Launch's AI-enabled FWA solution, powered by 4L Data Intelligence's platform, addresses FWA challenges by automating analysis of dynamic data, behaviors, and patterns to provide the ability to stop suspect payments before they go out the door. With it, you can identify risky claims in real time, and prevent payments that may be unrecoverable.
$68 billion
The amount that fraud, waste, and abuse cost the healthcare industry every year
2-10x
FWA detection improvement orgs experience compared to rule-based approaches

FWA challenges: 
complexity and change

Fraud, waste, and abuse is a dynamic and multi-variable challenge for insurers, governments, and healthcare and financial organizations. It's a claims problem, a behavioral problem, a relationship problem, a technology problem, and most of all, it’s a timing problem. Too much of the FWA focus is on pay-and-chase models or limited to a linear, rules-based claims review.
Our FWA Prevention & Recovery solution addresses FWA from an integrated claims, provider, customer, and intermediary level. By analyzing data such as decisions, relationships, content, transactions, and procedures, you get intelligence that helps you prevent FWA payments before they happen. And the same technology can be applied to retrospective analysis for improved recovery.
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Powered by ML and deep learning

The FWA Prevention & Recovery solution works hard for you thanks to machine learning. It parses millions - even billions - of insurance claim records to identify historical patterns and trends within the data of each service provider or claimant. That helps the system automatically detect operational threats in real time and continuously evolve as it ingests more data.

The key to effective fraud prevention: Identify outliers as they happen and stop FWA in its tracks in real time, rather than mitigating the fallout afterwards. With this tool, you can keep your healthcare organization's data and financial integrity safe.
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