SPSS Business Solutions | Fraud Detection and Prevention

Combat Other Forms of Fraud, Waste, and Abuse

Recent studies show that, in the U.S. alone, as much as $500 billion of the money spent on healthcare may go to wasted or duplicated effort. And fraudulent claims may amount to an additional $54 billion.

Other forms of fraud, waste, and abuse erode business profits or weaken the effectiveness of government programs. Organizations may suffer from:

Inefficient billing or purchasing processes
Inability to integrate information from disparate systems
Abuse of corporate or agency credit cards
Misuse of public funds intended for education, job training, or public aid
Errors in the administration of military pay and pensions

Predictive analytics solutions from SPSS Inc. help you control fraud, waste, and abuse. Our solutions enable your organization to build models that combine your own knowledge and best practices with our solutions’ advanced statistical and data mining techniques. As a result, you can:

Spot possible instances of fraud, waste, and abuse more quickly and accurately
Investigate the cases that offer the greatest potential payback
Incorporate models in operational systems to facilitate ongoing feedback
Deploy results in operational systems to automate responses, or deploy results and models to investigators in the field

When your investigative teams have access to timely, reliable insight about potential fraud, waste, and abuse, you are better able to protect your business’ long-term profitability or your agency’s essential programs and services.

Learn more about how predictive analytics help organizations fight fraud.

And see how SPSS data mining, text mining, survey research, and statistical technologies aid in fraud detection and prevention.

Read customer stories and white papers describing SPSS solutions combat fraud, waste, and abuse.