According to Stratistics MRC, the Global Healthcare Fraud Analytics Market is accounted for $1.18 billion in 2020 and is expected to reach $8.40 billion by 2028 growing at a CAGR of 27.8% during the forecast period. Rising number of healthcare fraud instances related with healthcare insurance claims across the world and growing government efforts to limit frauds are driving the market growth.
Some of the key players profiled in the Healthcare Fraud Analytics Market include CGI Inc., Conduent Inc., Cotiviti Holdings, Inc., DXC Technology Co, ExlService Holdings, Inc., FraudScope, Inc. ,HCL Technologies Limited, International Business Machines Corporation (IBM), LexisNexis (A Part of Relx Group), Northrop Grumman Corporation, Pondera Solutions, LLC, SAS Institute, Wipro Limited.
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The Global Healthcare Fraud Analytics Market is majorly driven by the rising health insurance industry, high returns on investment and growing number of healthcare fraudulent cases across the globe. The public & government agency segment is growing at a highest CAGR,due to healthcare fraud is evidencing to be a financial danger to public and government agencies globally. Europe dominated with a significant market share due to the factors such as high acceptance of healthcare fraud detection by the private insurance payers across the region. Asia Pacific market is growing at a highest CAGR owing to the increasing usage of mobile data for numerous applications such as mobile banking and social media.
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The research looks into the industry’s competitiveness, limits, sales projections, opportunities, existing and upcoming trends, and confirmed market data. The research provides and regional market estimates as well as an examination of the economy. The research also focuses on the Healthcare Fraud Analytics driving forces and limitations, as well as their influence on supply and demand. The research also looks at the and regional potentials of the Healthcare Fraud Analytics. By dividing the market by product type, end-user, application, and geography, the research offers a critical picture of the Healthcare Fraud Analytics industry. The Healthcare Fraud Analytics market has been categorized and evaluated, with predictions for the projected period, based on current and potential developments. The study examines company market share to have a better understanding of the main companies in the Healthcare Fraud Analytics business. A variety of variables influence Healthcare Fraud Analytics consumer demand. Restriction, on the other hand, may impede market expansion.
Components Covered:• Services• SoftwareSolution Types Covered:• Descriptive Analytics• Predictive Analytics• Prescriptive Analytics
Delivery Modes Covered:• On-Premise• On-Demand/ Cloud-Based Delivery Mode
Applications Covered:• Insurance Claims Review• Medical Identity Theft• Payment Integrity• Pharmacy Billing Misuse• Case Management
End Users Covered:• Employers• Private Insurance Payers• Public & Government Agencies• Third-Party Service Providers
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