JEGI LEONIS has advised Healthcare Fraud Shield on their sale to Charlesbank.

Healthcare Fraud Shield, based in Chesterfield, Missouri, is one of the fastest growing providers of FWA solutions in the healthcare industry. The Company offers a next-generation SaaS platform that uses proprietary data, artificial intelligence, rules and algorithms to enable healthcare insurance payers to identify Fraud, Waste and Abuse. These proprietary analytics and artificial intelligence models are continuously updated by Healthcare Fraud Shield’s team of FWA experts, allowing the platform to reliably deliver best-in-class results, drive meaningful cost savings and achieve high ROI for customers. In addition, the platform provides workflow and productivity tools that significantly enhance efficiency. The platform is fully integrated, addressing the entire range of pre-payment and post-payment workflows with a combined view of both medical and pharmacy claims.

Healthcare Fraud Shield’s FWAShield™ platform is the most advanced and effective solution in the market, and this investment will allow the Company to accelerate its existing investments in proprietary analytics, artificial intelligence, new products and customer service.