2015 Healthcare Industry Investments to Fight Medical Identity Fraud
MIFA conducted a survey of its members and associates to better understand investments the healthcare industry is making to detect, prevent and mitigate medical identity theft and fraud. Analysis of the results from the 2015 Healthcare Industry Investments to Fight Medical Identity Fraud study paper will help us better understand investment approaches taken by companies in the healthcare industry in terms of dealing with identity theft and fraud. provides the following findings.
Results indicate the healthcare industry is trending upward for investments in technology, processes, programs and human capital to detect, prevent and mitigate medical identity theft and fraud.
1. Technology investments garnered the highest dollar amount for budget allocations to detect, prevent or mitigate medical identity fraud.
2. Spending is not necessarily completely aligned with strategic priorities. While personnel and human resources/talent ranked highest in priority by 72 percent of respondents, spending is led by IT systems.
3. There is a slight upward trend in spending to detect, prevent and mitigate medical ID theft and fraud has decreased in only 4.17 percent of respondents.
4. Detection systems lead IT spending over prevention and mitigation. Nearly half of respondents listed detection systems as half or more of their total IT budget, compared to just 23% indicating they allocated half or more of their budget to prevention systems.
How to Get the Study
To obtain a copy of this report, please make a donation, of any amount, to support our mission to reduce medical identity theft and fraud. You will be directed to the paper after your donation.
Thank you to our Working Group Members who supported this project
- Center for Identity Management and Information Protection-Utica College
- Florida Blue
- Henry Ford Health System
- ID Experts Corporation
- Information Systems Security Association – South Florida Chapter
- Kaiser Permanente
- LifeMed ID, Inc.
- Maize Analytics
- Maryland Crime Victims Resource Center
- North Shore-LIJ Health System
- Parry Advisory
- Secure ID Coalition
- Stoel Rives LLP
- U.S. Department of Labor Division of Energy Employees Occupational Illness Compensation
- U.S. Department of Veterans Affairs