Highmark recently reported that they’ve been able to detect 20% more fraud cases on their books as compared to the previous year. Fraud continues to be a top priority not only for the nation’s insurers but also for the Obama Administration, which just committed close to $100 million to fighting fraud for the coming year.
For its efforts, Boston-based Celent, a research and consulting firm, recognized Highmark as a Model Insurer. The 2010 Model Insurer Report recognizes exemplary, results-producing technology initiatives in the insurance industry. Highmark was recognized specifically for its implementation in its group health insurance practice of Insurance Fraud Manager from FICO, a provider of analytics and decision management technology.
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