Government fraud existed long before the dawn of cybersecurity and digital technology, but today’s adversaries use cutting-edge tools and breakneck efficiency to exploit infrastructure vulnerabilities to try to claim taxpayer dollars. Due to this constant evolution and proliferation of fraud schemes, Peraton works closely with its government partners to outpace and outthink adversaries.
This technology solution is called Rapid Fraud Intelligence (Rapid FI).
An Ongoing Legacy of Fraud Fighting Success
As the name denotes, Rapid FI is designed to help government partners move faster than fraud. It provides a custom user interface, which helps the government detect fraud and improper payments. 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 the runtime for 300 fraud detection models from 16 hours to 6 hours and reduced execution costs by 33%.
- Monitored and processed over 5 million Medicare and Medicaid claims per day, providing recommendations to avoid payment of fraudulent claims.
- 100 dollars were either saved or recovered for every $1 invested in the company’s fraud prevention and detection program.
- Over the last two years (2023-24), more than 3.2 million claim lines (a specific charge for a service/product), were either rejected or denied by the system, resulting in more than $750 million saved.
- Flagged more than 2,000 new alerts of fraudulent activity each week.
Why Rapid FI Works for the Government and Against Fraud
Rapid FI brings industry experts and breakthrough technology to the forefront of fraud prevention. Designed to bolster fraud defense and proactively hunt down threats, the system works swiftly, integrates seamlessly, and constantly evolves to stay ahead in the fight against fraud. Rapid FI isn’t one-size-fits-all; it’s a tailored solution for our government that ensures taxpayer dollars are protected from fraud and waste.
Learn more about Rapid FI and Peraton’s long history of effective fraud defense
