Praescient Analytics Awarded Agreement to Support the Pandemic Response Accountability Committee (PRAC)
Summary
Praescient Analytics, LLC, an innovator in data intelligence services, today announced that it has been awarded the Blanket Purchase Agreement (BPA) to support the Council of the Inspectors General on Integrity and Efficiency (CIGIE). Under the BPA, Praescient Analytics will provide innovative IT, data management and fraud, waste and abuse investigative services to the Pandemic Response Accountability Committee (PRAC). PRAC was established as a committee of the CIGIE by the CARES Act to ensure funds of over $5 trillion intended to support American citizens, businesses, federal programs, state and local governments affected by the pandemic are used efficiently and in accordance with the law. “Our deep expertise in advanced analytic disciplines and methodologies powered together with our ability to uniquely customize and integrate technologies that enables deep data discovery will help PRAC to accomplish their mission while mitigating major risks.” Praescient’s team created a demonstration using one of many advanced analytical techniques and methodologies to track and investigate Paycheck Protection Program (PPP) distribution activity. Praescient provides the ability to identify trends and strategies fraudsters use to manipulate the CARES act by exposing illicit behaviors and discovering areas of waste and abuse.