Healthcare Innovation Tribe

We enjoyed participating in this week’s “first ever” North Carolina Health Innovators’ CEO Roundtable. It was energizing to spend the afternoon with healthcare executives, thought leaders, innovators and entrepreneurs from across the Charlotte region. A huge shout out to Scott Pope of In Scope Ventures and Kelli Murray of MedSpeaks.com for sharing your vision on creating our own local “innovator tribe” here in the QC. And thanks to host Blair Primis of OrthoCarolina for your warm hospitality! #innovatehealthCLT


Croixstone Consulting is Official Supporter of International Fraud Awareness Week

Did you know that the typical organization loses 5% of its annual revenues to fraud? 

Croixstone Consulting has joined leading companies (including Accenture, Bank of America, Barclays Bank, Deloitte, EY, General Mills, Grant Thornton, IBM, Oracle, PricewaterhouseCoopers, TD and TIAA) in a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education during International Fraud Awareness Week (November 13-19, 2016).

Sponsored annually by the Association of Certified Fraud Examiners (ACFE), International Fraud Awareness Week addresses the staggering cost of fraud.  According to the ACFE:

  • The organization analyzed 2,410 occupational fraud cases that caused a total loss of more than $6.3 billion
  • The median loss from a single case of occupational fraud was $150,000
  • More than 23% of occupational fraud cases resulted in a loss of at least $1 million
  • Median losses varied by region (USA = $120,000)
  • Of the three major categories of occupational fraud, financial statement fraud caused by far the greatest media loss per scheme
  • When owners or executives committed fraud, the median damage was more than 10X worse than when employees were the perpetrators
  • The more people conspiring in an occupational fraud, the higher the losses tend to be

Learn more about the ACFE and International Fraud Awareness Week here.