US financial institutions identify $17.5 billion in suspicious activity potentially linked to healthcare fraud
The US Treasury Department said that financial institutions had identified about $17.5 billion in suspicious financial activity potentially linked to healthcare fraud. Anadolu Agency reports.
More than 5,700 reports
The US Treasury Department’s Financial Crimes Enforcement Network, FinCEN, analyzed 5,702 reports filed under the Bank Secrecy Act between March 2025 and February 2026. These documents concerned activity that may be linked to schemes involving Medicare, Medicaid, and private health insurance programs.
According to FinCEN, depository institutions filed approximately 89% of these reports, while the amounts they identified accounted for nearly 87% of the reported suspicious activity volume.
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Sectors mentioned in the reports
Companies providing home healthcare accounted for the largest share among service providers suspected of fraud: they appeared in 20% of reports related to healthcare fraud. The materials also mention hospices, behavioral health and addiction treatment facilities, medical equipment suppliers, as well as adult and child day care facilities.
The US Treasury Department noted that funds considered likely proceeds of fraud were in some cases spent on personal needs and luxury items or transferred abroad. The department is working with a White House task force led by Vice President J.D. Vance and urged whistleblowers to report suspicions of fraud, money laundering, sanctions violations, and breaches of tax law.
