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Future of Information Healthcare Dan Johnson SVP Strategy Healthcare October, 2014 ©2014 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the trademarks of their respective owners. No part of this copyrighted work may be reproduced, modified, or distributed in any form or manner without the prior written permission of Experian. Experian Confidential. Experian Healthcare Fraud, Waste, and Abuse Intent to Deceive Between 3% - 10% of healthcare claims submitted are erroneous or fraudulent. Medicare estimated $50 billion in “improper payments” in 20101. Estimated 1-2% of overall healthcare “overpayment” is being caught or prevented. Healthcare spending in 2010 was 2.6 trillion, or 17.9% of GDP. Healthcare fraud alone is estimated to be 10% of expenditures, or $260 billion. Last year the federal government alone recovered $4.3 billion in healthcare fraud. ©2014 Experian Information Solutions, Inc. All rights reserved. Experian Confidential. Source: 1U.S. Office of Management and Budget, 2011 2 Healthcare Fraud Opportunities to Leverage Existing Capabilities Identity Fraud Eligibility Fraud Types Bogus treatment Purchase prescriptions Free treatment Credit card fraud Bogus providers Stolen identities Experian Capabilities ID Proofing & Authentication Device Intelligence Commercial Database Protect My IDalerts ©2014 Experian Information Solutions, Inc. All rights reserved. Experian Confidential. Types Unlicensed provider / pharmacist Provider Verification Entity Verification Patient Eligibility Employee background Experian Capabilities ID Proofing Commercial Database Public records Claims Fraud Types Phantom treatments Double billing Poor care – follow-up req Un-needed care Bogus insurers Free services Inflated lab tests Runners – tests Experian Capabilities PaymentSafe Identity Proofing & Authentication Device Intelligence Prescription Fraud Types Fake scripts Stolen scripts Free prescriptions Experian Capabilities ID Proofing & Authentication Credentials Device Intelligence 3 Experian Healthcare Strategic Initiatives Healthcare Patient Matching (PIN) project Experian Secure Storage (ESS) Payment Factoring Medical Identity Alerts Full-file Reporting by Hospitals Portal Protection (Precise ID and FraudNet) Data Lab analytics Concept – Fraud Bureau ©2014 Experian Information Solutions, Inc. All rights reserved. Experian Confidential. 4 Experian Healthcare Strategic Initiatives: Data Lab Analytics Passport Data Sample 520M HL7 records Patient demographic information (non-PHI) only ~30M individuals ©2014 Experian Information Solutions, Inc. All rights reserved. Experian Confidential. Analysis Number of unique patients Data trends and correlations Assess matching algorithm Goals Consumer medical identity alerts Patient identity matching Support development of UMPI 5