If you have a leaky roof, you may not find out about it until it rains. The life sciences industry has sprung a lot of holes, too, but what’s leaking isn’t water — it’s money. To use our embedded media player, please install the latest version of Adobe Flash Player.  Download | Subscribe:  Email |  iTunes |  RSS (What is RSS?)  If you have a leaky roof, you may not find out about it until it rains. The life sciences industry has sprung a lot of holes, too, but what’s leaking isn’t water — it’s money. In the national debate about soaring health care costs, there’s a tendency to overlook how much of those costs are due to fraud. Once it’s exposed, though, a company isn’t only liable for substantial fines. It may also suffer something far worse: a loss of reputation. And unlike a leaky roof, a tarnished reputation can’t always be repaired.
Highlights: - What are some of the factors that can make the life sciences industry so vulnerable to fraud? (1:35)
- How vulnerable are certain companies to fraud from within their organization, and is the threat greater than from the outside? (6:02)
- There’s some evidence that risks increase exponentially as a company expands its supply chain globally. What are some of the reasons for this? (11:21)
- What are some of the initial steps life sciences companies should be taking to put into place a fraud prevention framework? (23:36)
Guests:
Robert Clarke, partner, Forensic & Dispute Services practice, and leader, Health Sciences and Government Industry practice, Deloitte Financial Advisory Services LLP
Mark Stehr, partner, Forensic & Dispute Services practice, Deloitte Financial Advisory Services LLP Related Content:
Report: Fraud Risk Management in Life Sciences Companies
Issue: Fraud Control
Industry: Life Sciences
Issue: Monitoring Hospital-Physician Contractual Arrangements to Comply with Changing Regulations Listen to our complimentary podcasts anytime, anywhere. |
