article thumbnail

Healthcare Payment Integrity: Insourcing vs. Outsourcing

HIT Consultant

through 2028, outpacing the average projected growth in the gross domestic product (GDP) by 1.1 By 2028, the healthcare industry’s share of the economy is projected to increase to a whopping 19.7% CMS expects national healthcare spending to grow at an average annual rate of 5.4% percentage points. of GDP, according to CMS.

article thumbnail

Digiceuticals: Driving Growth Through Digital Health Services

HIT Consultant

Nevertheless, there is a downward trend in the consumption of prescription medicine due to lower spending, apart from increased competition from generics and rising instances of pharmaceutical fraud and counterfeiting that lead to consumer distrust (2). Digital Edge for Pharma.

article thumbnail

Health Provider News – March 11, 2022

Hall Render

Kentucky clinic owner sentenced to 10-plus years for fraud. 12 physicians sentenced to prison for $250M billing fraud. New Jersey physician convicted in multimillion-dollar fraud scheme. New Jersey Doctor Convicted of Multimillion-Dollar Health Care Fraud. New York physician pleads guilty to $3M billing fraud scheme.