Case Study: Medicaid Fraud Control Units achieve 60% faster financial record reviews with Valid8 Financial

Medicaid Fraud Control Units - Customer Case Study

The Medicaid Fraud Control Units (MFCU), a federally funded agency, faced an overwhelming caseload that threatened to overwork its agents and leave fraud cases unprosecuted. With a limited budget for new staff, they needed a way to drastically reduce the time spent manually sorting, reviewing, and reconciling bank statement transactions. Following a recommendation, the MFCU reached out to Valid8 Financial for assistance.

Valid8 implemented a solution that automated the extraction and reconciliation of data from PDF bank statements and check images. This allowed the MFCU to achieve a 60% faster review of financial records within the first three months without adding staff. In 18 months, they processed over one million transactions from 100,000 pages, enabling investigators to deliver standardized data to prosecutors and significantly boosting team morale.

Medicaid Fraud Control Units