AHA Endorsement:
Patient Identity & Financial Assessment
Health care identity fraud costs the field billions of dollars annually and the lost revenue continues to grow. Innovations like electronic medical records, heath information exchanges and clinical data sharing have created an environment of never before seen risk. Meanwhile, cost constriction, reform measures and potential legal ramifications necessitate better risk control. To effectively protect themselves, organizations are shifting from reaction and recovery to proactive front-end fraud detection and control practices.
Why We Endorsed Patient Identity & Financial Assessment from LexisNexis
LexisNexis has a reputation as having built an impressive database of public records and commercially available data while also continuously expanding upon and adding to it. LexisNexis’ data repository contains approximately 50 billion records with information on 500 million people drawn from 10,000 disparate sources. This provides significant value to the multi-vertical solutions they provide for, health care being one, that can leverage and draw upon that database of information and allow simple and easy navigation.
In addition, their utilization of public data is a key differentiator from their competitors, allowing LexisNexis to provide a picture of a patient’s ability to pay and not just their likelihood to pay, which is what credit reports will typically provide.
The Identity Management Product Suite from LexisNexis® helps hospitals verify and validate patient information, helping mitigate fraud, collect accurate patient data to facilitate efficient billing processes and identify potential benefit care eligible patients: