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The Changing Landscape of Actuarial Work in the Age of Technological Advancements

Have you ever wondered how technology is shaping the world of actuaries? In an era with abundant data and artificial intelligence, the role of actuaries is evolving at a pace we have never seen before.Technology has completely transformed the field of actuarial science in the last few decades. Actuaries stand to gain greatly from technological
Government Initiatives Related To Technology In Insurance Software Tools Development Photo Data Analytics Its Impact Risk Assessment

State of Texas Selects Conduent to Provide Medicaid Claims Solution on its Cloud-Native Modular Platform

Company will implement an outcomes-driven, one-stop solution to modernize the State’s legacy MMIS system.FLORHAM PARK, N.J., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business process solutions and services company, has been selected by the Texas Health and Human Services Commission (HHSC) for Medicaid Claims processing and support. Under the multi-year contract, the company will provide claims processing and financial services via it...
United States Giles Goodburn Marke King Sharon Lakes Human Services Commission Conduent Government Solutions
Source: yahoo.com

IRS Won't Process New Employee Retention Credit (ERC) Claims

Due to an alarming amount of fraud, the IRS has stopped processing new employee retention tax credit claims. Due to an increase in ERC tax credit scams and fraud and to protect honest business owners, the IRS won't process new employee retention credit (ERC) claims for the foreseeable future. The immediate moratorium on new ERC claims processing was announced Thursday by IRS Commissioner Danny Werfel in response to concerns raised by tax professionals, the media, and the agency about scams ...
New Jersey United States Danny Werfel Us Department Of Justice Irs Commissioner Danny Werfel
Source: yahoo.com

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Labor Department Sues UnitedHealth Group Over 'Thousands' of Claims Denials

The Labor Department recently sued UnitedHealth Group subsidiary UMR, alleging that it wrongfully denied claims for emergency room services and urinary drug screenings since 2015. UMR did not determine the medical necessity of the claims, denying them “based solely on diagnosis codes and not applying a prudent layperson standard," according to the complaint.
United States Unitedhealth Group Us District Court Labor Department Us Department Of Labor Employee Retirement Income Security Act

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