Healthcare Fraud Detection Market Trends and Analysis Report

Posted September 7, 2021 by kirtiarora has released a new market research on the “Healthcare Fraud Detection Market” that reveals aspects of possible growth and development.

Healthcare Fraud Detection market is expected to grow from USD 9.06 billion in 2019 to USD 37.04 billion by 2026 at a CAGR of 26.06% from 2020 to 2026.
Health care fraud is defined as criminal deception intended to end in gain during drug manufacturing, quality of the merchandise, practice, and insurance. Health care fraud practice involves healthcare plans of the government, defrauding insurance firm, company and consumer party, etc. Healthcare fraud is difficult to detect and is usually go unnoticed; therefore, detection of such fraudulent claims is important, as they rise the burden on society. The utilization of a fraud detection solution enables healthcare firms in accounting, and auditing by predictive data methodologies. Careful account auditing can reveal suspicious providers and policyholders and detect potential fraudulent cases before it occurs. A large number of fraudulent activities in healthcare, a rising number of patients opting for insurance, prepayment review model, increasing pressure of fraud, and abuse on healthcare spending is predicted to drive the expansion of the market. Moreover, rising adoption of cloud-based analytics, the emergence of social media, and its impact on the healthcare industry, AI (AI) in healthcare fraud detection is predicted to supply an opportunity for the expansion of the market during the forecast period.
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The global Healthcare Fraud Detection market has been segmented as below:
By Model
On-premise Delivery
On-demand Delivery
By Type
Predictive Analytics
Prescriptive Analytics
Descriptive Analytics
By Component
By Region
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Verscend Technologies, Inc, Fair Isaac Corporation, SAS Institute Inc, SCIOInspire, Corp, Wipro Limited, IBM, Conduent, Inc, HCL Technologies Limited, CGI Group Inc, McKesson Corporation, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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Country India
Categories Business
Last Updated September 7, 2021