SWAT-ing Wc Fraud
I’ve always liked Adam Friedlander and his dad and the way they do business: sharp, bright and always with reference to the buyer’s benefit – even when it takes a lot of effort and funds. In 2012, Friedlander introduced the Fraud Solutions (SWAT) team was introduced to combat escalating workers’ compensation fraud, achieving notable success this past year surpassing an astonishing $20 million in savings.
The company explained that SWAT team emerged in response to the need to confront the escalating challenges presented by workers’ compensation fraud across the diverse sectors served by the Friedlander Group. Recognizing the potential harm that fraudulent claims could inflict on businesses and the overall integrity of the workers’ compensation system, the organization made a deliberate move to address these concerns.
The SWAT team’s ability to identify and address common red flags associated with workers’ compensation fraud has not only protected businesses but has also resulted in substantial savings for clients. According to Adam, who emphasizes his clients’ empowerment and satisfaction with the SWAT team’s success in protecting them, stating, “Our SWAT Team has successfully shielded clients, resulting in a savings of $20 million in fraudulent claims costs. Clients are delighted with their substantial savings and newfound empowerment to take control of combating fraud.”
As of 2022, workers’ compensation fraud remains a significant issue in New York and nationwide. According to The Coalition Against Insurance Fraud, the annual cost of workers’ compensation fraud amounts to a staggering $34 billion ($9 billion from premium fraud and $25 billion in claims fraud). New York has experienced a 30% increase in workers’ comp fraud cases and fraudulent claims, highlighting the critical importance of initiatives like the SWAT team.
The Friedlander Group’s commitment to combating workers’ compensation fraud underscores its proactive stance in ensuring the well-being of its clients and the overall health of the industries it serves. Initiatives like this one keep the Friedlander group out front for fairness and in workers’ comp.
Best practices involve core values, no matter how sophisticated an agency becomes technically.
Here’s proof.
SA