Technosoft Corporation to Exhibit at The Chicago Claims Association

Southfield, MI, May 11, 2012 --(PR.com)-- Technosoft Corporation, a leading health care services company will exhibit at the Chicago Claims Association – Midwest Claims Conference. The Chicago Claim Association, Inc. (CCA) was incorporated in 1918 to promote knowledge and awareness of claims issues to its members and the companies which they represent. The Midwest Claims Conference is attended by claim professionals from all specialties such as life, accident, health/medical, disability, worker's compensation, fraud and many other disciplines across the claim continuum.

Health care claim payment accuracy and fraud prevention is critical to effective management of medical loss ratios as well as provider and member satisfaction. Health care fraud remains one of the most costly crimes of these days and a challenge for all insurers. It is often referred to as the “biggest and most overlooked factors in the rising cost of health care.” According to government estimates, fraud in programs like Medicare and Medicaid costs taxpayers $80 billion a year, with some estimates as high as twice that amount. A federal fraud crackdown, some of it mandated by the Affordable Care Act, has made a dent in the problem, but the record $4.1 billion recovered in 2011 is a small fraction of the total. In addition, outdated and incorrect provider data costs the healthcare industry more than $26 billion every year. Technosoft recognizes the need to reduce these expenses and offers IT enabled, outsourcing models to assist clients in meeting administrative challenges of maintaining accurate provider data. Technosoft provides Integrated Health Care Solutions which provides clients with executive consulting, technology enabled services and cost effective service teams to deliver integrated solutions to partner customers.

According to Catherine Woods (Vice President-Healthcare Services, Technosoft Corporation), "The Chicago Claim Association – Midwest Claims Conference is a great conference to network with professional across the insurance community and discuss trends and issues in an in-depth manner." Catherine is a senior healthcare professional with over 15 years of experience in the healthcare industry and will be available at the booth to answer the questions and discuss potential opportunities. For more information, please visit the booth or reach out to the Health Care Team at payerservices@technosoftcorp.com