Navigation Links
Technology can Dramatically Reduce Billions of Dollars in Medicaid, Medicare Fraud
Date:12/12/2007

System Detects Illegal Payments and Providers

AUSTIN, Texas, Dec. 12 /PRNewswire/ -- According to the federal government and an NBC News report, U.S. taxpayers are annually defrauded of about $60 billion in Medicare payments to unqualified doctors and health care providers. A new system developed by S3 Matching Technologies of Austin, Texas, however, can make a significant impact on reducing Medicare and Medicaid fraud with algorithmic data matching. Using the company's patented TeraMatch(R) technology, S3's system matches numerous fields from huge databases and finds minute variances that can often reveal fraud by unqualified providers.

"Our technology looks at data in almost the same way a human would," said Jack Holt, CEO of S3. "The data matching algorithms make matches based upon probabilities that two similar things are actually the same thing. This is about as close as you can come to getting a computer to think for you."

According to Holt, S3's Medicaid fraud detection software has already begun to make an impact for Texas Medicaid Healthcare Partners (TMHP). Prior to using TeraMatch(R), TMHP employees had to visually scan five different data lists from state and federal agencies. They used simple, commercial programs like EXCEL or MS ACCESS to search for doctors or providers who are not supposed to be receiving payments. Findings were based on the either-or principles of deterministic matching, which does not allow for subtle differences in data. The work was tedious and difficult until the implementation of TeraMatch(R).

"TMHP tracks hundreds of thousands of providers to make certain the right people are being paid," said Rick Pope, Managing Director of TMHP. "S3 has given us a tool that dramatically reduces risk and can potentially increase the level of confidence that beneficiaries are receiving health care from qualified providers."

TeraMatch(R) takes each bit of information on any kind of data record
'/>"/>

SOURCE S3 Matching Technologies
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Quantum light beams good for fast technology
2. New Smart Technology Makes Patient Data Collection Easier, More Efficient
3. Align Technology Executive to Present at Upcoming Financial Conferences
4. Pioneer Surgical Technology Hires Vice President of New Business Development
5. Purdue researchers develop technology to detect cancer by scanning surface veins
6. Creative Technology Services Enhances its Global Competitiveness with Additional Regulatory Certifications
7. University of Wisconsin Hospitals and Clinics Complete System-Wide Conversion to Masimo SET Pulse Oximetry Technology
8. Patent Reform Legislation Threatens Americas Leadership in Medical Technology Innovation
9. Stevens Health, Technology and Society roundtable: Sept. 19
10. Microbiotic technology developed for microinjection of zebrafish embryos
11. Proven Terumo Coronary Guidewire Technology Is Now Available in the United States
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/26/2014)... 2014 According to the Metabolic Enhancement ... a comprehensive bodybuilding program that helps men lose body ... steroids . The program also instructs men how to ... , Vkool reveals in its review that this program ... help men get ripped and jacked at the same ...
(Date:7/25/2014)... 26, 2014 Dental Perfection, a Derby ... services including general dentistry, clear braces and much more, ... this year in Derby. The new practice, which is ... Medical Centre in Littleover, Derby. Patients may already pre-register ... The new dental practice, which is headed by Invisalign ...
(Date:7/25/2014)... According to a new market research report ... thermography, ultrasound emission, lubricating oil analysis, corrosion monitoring, ... - Global Forecast to 2014 - 2020", published ... expected to reach $2.50 at a CAGR of ... market data Tables and 57 Figures spread through ...
(Date:7/25/2014)... (PRWEB) July 25, 2014 Ticket ... across the board for the Guinness International Champions Cup ... Olympiacos FC at Soldier Field on Sunday, July ... their customer appreciation promo/coupon/offer code SOCCER-2014 for added savings. ... year for diehard soccer fans in North America. Countless ...
(Date:7/25/2014)... As reported by Wood TV 8 in the ... has seen a nearly 500-person increase in heroin related overdose ... 271 between 1999 and 2002, the toll increased to 728 ... other states, drug users in Michigan have turned to heroin ... compared the price of both substances, noting that an 80-milligram ...
Breaking Medicine News(10 mins):Health News:Metabolic Enhancement Training Review Exposes Scott Abel's Program for Bodybuilding – Vkool.com 2Health News:Metabolic Enhancement Training Review Exposes Scott Abel's Program for Bodybuilding – Vkool.com 3Health News:Derby Cosmetic Dentist Dental Perfection to Open New Practice in Littleover, Derby this September 2Health News:Machine Health Monitoring Market by Product, Component & Application Worth $2.50 Billion by 2020 - New Report by MarketsandMarkets 2Health News:Machine Health Monitoring Market by Product, Component & Application Worth $2.50 Billion by 2020 - New Report by MarketsandMarkets 3Health News:Machine Health Monitoring Market by Product, Component & Application Worth $2.50 Billion by 2020 - New Report by MarketsandMarkets 4Health News:Liverpool FC vs. Olympiacos FC Tickets Soldier Field: Ticket Down Slashes Ticket Prices for Guinness International Champions Cup in Chicago on Sunday, July 27th 2Health News:Rise in Heroin Use, Overdose Deaths in Michigan 2
... Dr. Roberto Giraldo, an American physician who addressed ... malnutrition was one of the key factors that ... His website (www.robertogiraldo.com) says, "Aids is neither an ... a toxic-nutritional syndrome caused by the alarming worldwide ...
... as the time period immediately prior to menopause beginning ... year after the last menstrual periods, is a time ... a history of mood// disorders. Earlier studies have shown ... age (considered early) were two to three times more ...
... 61 previous studies of blood pressure and cardiovascular disease, which ... regardless of age and even if readings are in the ... reducing risk of strokes and heart attacks. ,The study ... that out of the 120,000 who died, 56,000 suffered fatal ...
... cessation has often been connected to gaining excess weight. ... gain could be related to the hormone leptin, which ... on assumptions that leptin levels were high during smoking ... smoking, the leptin levels plummet leading to weight gain. ...
... A supplemental new drug application (sNDA) for Valtrex (valacyclovir ... and Drug Administration (FDA) for the treatment of cold ... which also added that this new application for Valtrex// ... to shorten the duration of a cold sore outbreak. ...
... the most common reason which results in fatal complications ... potentially dangerous bug which causes this type of ... found naturally in the environment and survives drying and ... periods. This bacterium which is not harmful to healthy ...
Cached Medicine News:Health News:Depressed women show signs of earlier onset of Perimenopause 2Health News:Machines take over the battle against hospital bugs 2
(Date:7/25/2014)... , July 25, 2014  The Chemistry, ... Tobago Ministry of Health approved the introduction of ... increases the cure rate from Hepatitis C, and ... genotype 1 virus. Telaprevir is available in ... INCIVO®. Photo - http://www2.prnewswire.com.br/imgs/pub/2014-07-25/original/2026.jpg   ...
(Date:7/25/2014)... , July 25, 2014 According ... Research "Global and China Insulin Market (Rapid-Acting, Short-Acting, Intermediate-Acting, ... Size, Share, Growth, Trends and Forecast (Value and Volume), ... at USD 19.99 billion in 2012 and is expected ... to 2019 to reach USD 32.24 billion in 2019. ...
(Date:7/25/2014)...  AMETEK, Inc. (NYSE: AME ) today ... as Vice President and General Manager, Engineered Medical Components, ... "I am pleased that Kurt has joined ... experience, especially in the medical device industry, and we ... growth and success of our medical components businesses," commented ...
Breaking Medicine Technology:The Hepatitis C virus is the main cause of liver transplant in the world 2The Hepatitis C virus is the main cause of liver transplant in the world 3Global Insulin Market Expected to Reach USD 32.24 Billion Globally in 2019: Transparency Market Research 2Global Insulin Market Expected to Reach USD 32.24 Billion Globally in 2019: Transparency Market Research 3Global Insulin Market Expected to Reach USD 32.24 Billion Globally in 2019: Transparency Market Research 4AMETEK Names Kurtis L. Goos, Vice President & General Manager, Engineered Medical Components 2
... Jan. 18, 2011 MKS Instruments, Inc. (Nasdaq: ... processes and improve productivity, today announced that it will release ... close on Wednesday, February 2, 2011.  A conference call with ... 8:30 a.m. (eastern time). The call will be broadcast live ...
... DW Healthcare Partners (DWHP), a leading private equity ... of Bradley Lanham as the new Chief Executive Officer ... completed acquisitions of institutional pharmacies specializing in long term ... Utah, Idaho and Colorado. "Brad,s appointment as ...
Cached Medicine Technology:DW Healthcare Partners Announces New CEO on Heels of Increased Investment in Institutional Pharmacy Sector 2
... minimal cervical spine manipulation. Prevent dental and ... Cost effective alternative to X-ray. Light-guided intubation ... soft tissues in the neck. This technique ... the trachea relative to the esophagus. A ...
Bivona® stylets are manufactured of malleable stainless steel wire. The length can be adjusted by sliding the attached silicone stopper. The Blue Line® tracheal tube introducer (bougie) is de...
... Aaron manufactures two groups of flexible lighting ... and non-sterile in three different sizes 5", ... shaft portion of the light). These lights ... light is needed., ,The second group ...
... manufactures two groups of flexible lighting products. ... non-sterile in three different sizes 5", 10", ... portion of the light). These lights are ... is needed., ,The second group of ...
Medicine Products: