Top 10 Ways to Fight Fraud, Keep Costs Low

At the 60th Annual Risk and Insurance Management conference, in Boston, Mass., Tim Barry, SIU Director for SRS, a U.S.-based third-party administrator and consultant and a wholly-owned subsidiary of The Hartford, offered his top 10 list for fighting fraud and keeping costs down:

1. Employee Training

2. Background Checks

3. Claim History ISO

4. Prompt and Proper Investigation (AOE/COE)

5. Pre-Surveillance (Such as satellite photos)

6. Manage Surveillance costs

7. Use New Technologies – Internet Searches

8. Trust but Verify (Little Lies, Mileage reimbursement)

9. Review Hospital/Pharmacy/Image checks

10. Challenge Attorneys and Medical Providers

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