With federal improper payments totaling nearly $151B in FY 2018, federal agencies and the administration are committed to reducing financial loss in federal programs. Whether caused by wasteful spending, fraudulent activity or misuse of resources, agencies continue to seek data strategies and technology solutions to prevent and recover improper payments. Legislation such as the Fraud Reduction and Data Analytics Act of 2015, along with policies like the Cross-Agency Priority (CAP) goal of “Getting Payments Right,” are motivating and compelling agencies to reduce improper payments and improve program integrity.
There is an urgency to root out waste, fraud and abuse across government, fueled by a federal deficit projected to grow to almost $1T in FY 2020, and nearly $1.5T in improper payments from FY 2004-2018.
Policies have generated more transparency in improper payments (IP) data, making it easier for lawmakers, agencies and the general public to track progress on lowering such payments.
Waste, fraud and abuse is prevalent in a variety of mission areas, such as health care, tax programs, benefits, nutrition programs, and contracting. IT products and services to combat waste, fraud and abuse must serve not only differing missions, but also different job functions such as caseworkers, investigators and claims analysts.
Over the next several years, contractors should expect agencies to make additional investments in data warehousing, analytics, modeling, visualization, AI, machine learning, cybersecurity, blockchain, and professional services to combat waste, fraud and abuse, and improper payments.
Visualizing, modeling and matching data with disparate data sources can reveal insights, patterns and relationships that might not otherwise be uncovered, which can lead to discovery of fraud rings or other criminal activity.
Critical Insight for Vendors
Deltek's Technology Strategies for Federal Waste, Fraud and Abuse, 2019 report takes a strategic look at federal agencies’ progress and investments to curb improper payments.
The report provides:
Financial, legislative, policy and technical trends shaping and driving the market landscape.
Identification and analysis of current and future information technology solutions for combating waste, fraud and abuse in federal programs.
High priority federal programs implementing and evaluating IT solutions for combating improper payments.
Federal spending trends on technology used to battle waste, fraud and abuse, and improper payments .
Federal agencies, organizations, and programs in need of contractor provided IT solutions to fight waste, fraud and abuse.
Deltek's Technology Strategies for Federal Waste, Fraud and Abuse, 2019 report is delivered in PowerPoint® format, including a PowerPoint® Executive Briefing, and an Excel® data workbook.