Lodestone Solutions Announces Partnership with ID Insight
Lodestone to incorporate identity fraud prevention company’s AddressWatch into its suite of healthcare cost containment products
ATLANTA (December 6, 2007) — Healthcare payors now have an increased ability to reduce risk and contain losses associated with fraudulent claims and providers. Lodestone Solutions, a healthcare provider database company, today announced its partnership with ID Insight, a provider of analytics-based identity risk and fraud solutions. Lodestone will incorporate ID Insight’s AddressWatch data solution into its industry-leading Questionable Provider File, which is used by the country’s largest healthcare companies to screen claims and providers.
AddressWatch contains the most comprehensive listing of high-risk and suspect addresses in North America, and will be leveraged to provide another layer of risk flags on the Questionable Provider File. “We are excited to roll this extremely powerful AddressWatch data from ID Insight into our product suite,” said Jim Hake, VP of Sales for Lodestone Solutions. “We realize its fraud prevention potential, and are extremely pleased to now offer our customers yet another vantage point for preventing abuse and loss.” In addition the Questionable Provider File, AddressWatch will be made available as a stand-alone solution.
Founded in 1995, Lodestone Solutions enables healthcare payors to mitigate risk, contain costs, and process claims efficiently and intelligently with the vast collection of healthcare-centric data contained on the Questionable Provider File. Key risk flags include: state and federal sanctions; criminal convictions; revoked DEA numbers; expired, suspended, & revoked state licenses; deceased indicators; as well as historical records of previous practice activity.
Now, with the addition of the AddressWatch dataset, Lodestone customers will have the ability to tap into another layer of risk management by gaining knowledge of not only who they are sending payments to, but where those payments are being delivered as well. Each year, billions of dollars lost through fraud and abuse can be traced back to a scheme that utilizes a “mail drop” location, such as a mail receiving or forwarding service. Because of the transient nature of these addresses, they have become havens for fraudulent activity. ID Insight’s AddressWatch uniquely enables payors to avoid these high-risk addresses and prevent losses.
For more information about licensing AddressWatch or the Questionable Provider File, contact Lodestone Solutions at 404-250-3900 or jhake@lodestonesolutions.com.
About Lodestone Solutions
A multi-channel healthcare centric database company, Lodestone Solutions, LLC integrates demographics, validation information, and quality characteristics across extensive profession types and areas of practice. The company focuses on providing its clients multi-channel access to communicating with the provider via postal, phone, fax, and over 650,000 B2B emails. The company compares and matches data from various disparate data sources to identify the most accurate depiction of the individual provider and group practice. In addition to providing data content, the company provides a family of data services including database cleansing, deduplication, hygiene, address normalization, geo-coding, etc.
About ID Insight
Founded in 2002 by recognized leaders in the financial services industry, ID Insight, Inc., has quickly established itself as a leader in identity fraud prevention. By developing proprietary address-focused analytics to bridge a critical gap in identity risk management, the Northfield, Minn.-based company provides the next generation of identity verification and authentication solutions to the United States’ top banks, credit card issuers, retailers, wireless providers, online merchants, and financial services companies.
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Media Contacts:
- Brian Bellmont for ID Insight, (952) 233-0428,
