CFO Slice

The U.S. Treasury Department has identified about $17.5 billion in suspicious financial activity potentially connected to health care fraud, based on 5,702 Bank Secrecy Act reports filed between March 2025 and February 2026. Depository institutions submitted about 89% of the reports and accounted for nearly 87% of the suspicious activity amounts. FinCEN said the suspected schemes involved Medicare, Medicaid, and private insurers, with home health care businesses appearing in 20% of health care fraud-related reports. Hospice companies, mental health and addiction treatment providers, medical equipment businesses, and daycare providers were also frequently identified. Most subjects were based in the U.S., although a small proportion of reports indicated potential links to foreign entities, large fraud rings, or criminal networks. FinCEN said the intelligence could help law enforcement identify and disrupt schemes targeting taxpayer-funded health care programs.