Government fraud has existed long before the dawn of cybersecurity and digital technology, but today’s adversaries leverage cutting-edge tools and breakneck efficiency to exploit infrastructure vulnerabilities and claim taxpayer dollars. Due to the constant evolution and proliferation of fraud schemes today, Peraton works closely with our government partners to outpace and outthink their adversaries.
We call it Rapid Fraud Intelligence (Rapid FI).
An Ongoing Legacy of Fraud Fighting Success
As the name denotes, Rapid FI is designed to help our government partners move faster than fraud. Rapid FI has saved the federal government—and ultimately the American taxpayer—$13 billion over the last decade, with nearly $1.2 billion in 2024 alone. The system has continued to support government resiliency through the following:
- Reduced runtime for 300 fraud detection models from 16 hours to 6 hours and reducing execution costs by 33%.
- Monitoring and processing over 5 million Medicare and Medicaid claims per day, providing recommendations to avoid payment of fraudulent claims.
- For every dollar invested in the company’s fraud prevention and detection program, $100 are either saved or recovered.
- Over the last two years (2023-24), more than 3.2 million claim lines (a specific charge for a service/product), were rejected or denied by FPS, resulting in a more than $750 million prevented from being paid to providers and claim’s being reimbursed.
- Flagging more than 2,000 new alerts of fraudulent activity each week.
Why Rapid Fi Works for the Government and Against Fraud
Rapid FI is the synergy of industry experts and breakthrough technology, designed to bolster fraud defense and actively hunt down advanced threats. The system works swiftly, integrates seamlessly, and constantly evolves to stay ahead in the fight against fraud. Rapid FI isn’t a one-size-fits-all solution; it’s a system that constantly evolves to ensure that our government has next generation fraud defense at all times.
Learn more about Rapid FI and Peraton’s long history of effective fraud defense
