The healthcare industry is easily one of the biggest industries right now. And it is also a sector where it is very easy and common to lose money. No, we are not talking about insurance companies who give out plans with a lot of writing in small fonts, instead, we are referring to the healthcare providers who practice fraudulent billings to earn profits. In this article, we will first explain how this process works and also how machine learning can pose as a potential solution to this problem.
How does this fraud work?
Medical companies provide insurance options to all of its patients. And while these insurance options are usually supposed to take care of prescribed medication costs, some of the companies send out refills to the patients without them even having applied for it. In this process they allow each prescription to be billed twice, maybe even more, thereby making profits off medication even though the insurance should have covered it.
IoT, or the Internet of Things, is one of the latest innovations in the machine learning world, and of recent, it has really picked up steam in the IT world. All of the big brands have already started hiring IoT professionals and are ready to use IoT options to enhance their solutions. Now, it’s time for both mid-sized and small-scale businesses to jump onto the bandwagon and make use of the technology.
However, it is also worth noting why these brands are using or rather adopting IoT technology? Let us find out:
- All-around Monitoring
Since IoT has the capability of integrating into systems which uses the internet, it can be used to connect all these systems and receive all-around data about anyone. For example, with the help of IoT, every aspect of an employee can be recorded. From how many emails they send a day to the amount of time spent at the coffee machine, IoT can record all data and provide personalized solutions.
Augmented reality is a disruptive technology which serves the purpose of blending real-time scenes from the world with virtual information. This is basically the next jump in the road of science from 3D, and developers worldwide are bringing to life various applications of the AR technology. It was recently seen being used in the famous mobile device game, Pokémon Go, however, this technology promises much more practical usage. Let us take a look at some of these factors.
- Directions Maps
AR technology is being used to provide people with directional guidance in various places. An airport has applied this technology in their airport to help people navigate around without any hassle. In the near future, it can also be used to give people accurate directions throughout cities.
Artificial Intelligence has come a long way since its inception and one of the latest uses of it has been found in the law and order sector. According to scientists, the process of a crime being committed or a person’s mindset turning into that of a criminal’s can be calculated. However, this requires analyzing a huge volume of data which of course is something that the AI machinery is based on. All leading governments are now allocating budgets into training AI technologies to function within their law and order systems.
This, however, comes with a catch. The data records of law and order systems about criminals and criminal activity, in general, is tainted with shades of discrimination towards the minorities. For example, an AI system which takes into account the criminal past of a person and calculates their chances of going back to their criminal ways is most likely to choose minorities like the ones who are more likely to falter.
These problems aside, there are still quite a few things that an AI system can do which are of great help to the police and detectives. Here are a few amongst them: