Decosimo's Mike Costello to Discuss Healthcare Fraud at HFMA Dixie Institute

(February 17, 2012)–Principal Mike Costello, CPA, ABV, ASA, CFE,CFF, of Decosimo, a Top 100 accounting and business advisory firm, will present “Health Care Fraud Case Studies: How Health Care Fraud Occurs and How to Prevent and Detect It” at the Healthcare Financial Management Association (HFMA) 2012 Dixie Institute in Greensboro, Georgia, February 21-24.  

“The National Health Care Audi-Fraud Association estimates that three to 10 percent of all healthcare spending is fraudulent,” said Mike Costello. “The Decosimo Advisory Services team has been actively involved in preventing and detecting all types of fraud, particularly in healthcare related organizations. Sharing this knowledge and our experiences with the HFMA audience will shed light on areas of fraud risk within healthcare entities.”   

Mr. Costello’s experience includes extensive consulting work and testimony in tax, accounting, financial, economic, and business issues of commercial litigation, with emphasis on business valuation, economic damage and forensic accounting issues in the healthcare industry. He has been retained in healthcare litigation involving a physician practice breakup, a breach of contract case involving a hospital chain, a wrongful termination suit involving a hospital, an economic damages case involving a lease of an image-guided radiotherapy system and a breach of contract case involving a home health agency. Mr. Costello has served on the board of an area hospital for nine years, and on the board of an entity that owns and operates multiple physician practices for over five years. He also has been appointed by the Hamilton County Chancery Court to manage and sell a medical practice as a custodian/receiver.

HFMA is the leading membership organization for healthcare financial management executives and leaders. Its more than 37,000 members value the Association's role as a respected thought leader on top trends and issues facing the healthcare industry.

Founded in 1971, Decosimo is a nationally recognized firm, perennially ranked as a Top 100 accounting and business advisory services firm.  The regional firm has nine offices in the United States and Cayman Islands, with nearly 300 professionals and staff.  Each of Decosimo’s offices provides a full range of accounting and advisory services to a wide array of industries.  Additionally, Decosimo is an independent firm associated with Moore Stephens International Limited.  With more than 314 member firms and a total of 638 offices spanning 97 countries, the Moore Stephens association and Decosimo provide clients access to a significant depth of resources and expertise.