For years, the government employed traditional methods of combating fraud, waste and abuse. Regulation of Medicaid involved issuing payment to providers for patient services, then later chasing down recoveries on payments deemed improper. On average, this method recovered only 17 percent of improperly billed funds. Slight adjustments to these efforts occurred over time, including the passage of the Health Insurance Portability and Accountability Act (HIPAA) in 1996. HIPAA aimed to combat fraudulent business practices under the traditional fee-for-service healthcare system. Due to numerous revisions, exceptions and interpretations, however, HIPAA has grown convoluted and ineffective.
Healthcare
07.28.2020
The healthcare industry has been evolving towards a new era focused on precision medicine, value based care, and consumer empowerment. The COVID-19 pandemic may cement these changes well into the future.
07.22.2020
Hurricane researchers at Colorado State University (CSU) recently issued their July forecasts for the 2020 Atlantic basin hurricane season, which is expected to experience well above-normal hurricane activity. CSU researchers increased anticipated activity to 20 named storms, up from 16 named storms projected in its April report and subsequently upped to 19 named storms in June.⃰ Of the 20 named storms for 2020, 9 are expected to reach hurricane strength and 4 are expected to be major, or Category 3+, hurricanes
05.15.2020
The oil and gas industry took another plunge in April 2020. The underlying mood of the National Association of Production and Exploration North American Prospect Expo (NAPE), the industry’s largest upstream oil and gas congregation held in February 2020 in Houston, Texas, reflected a hunkering-down mentality in preparation for an impending downturn. And, that was before the COVID-19 pandemic ravaged global economies.
04.30.2020
Atlantic hurricane seasons have a long history of creating devasting storm damage causing significant financial impacts. For over 40 years, meteorologists have used the Saffir-Simpson Hurricane Wind Scale to assess storm strength and potential threat to life and property. Hurricane storm characteristics that inflict damage are not isolated to just the maximum wind speed.
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