Healthcare Fraud Detection Market Report Forecasted $6432.7 Million Growth By 2026 : A Comprehensive Competitors Study By IBM, HCL, Optum, SAS, Fair Isaac, DXC, Northrop Grumman, LexisNexis, Pondera, Wipro and others

Healthcare fraud detection is specially designed to prevent healthcare frauds, abuse and waste so that any unauthorized payment and benefits can be avoided. They are usually used to avoid misrepresenting dates, falsification of data by physicians, submitting claims for services not provided etc. Increasing fraudulent activities in healthcare is the major factor fueling the growth of this market.

Market Analysis:
Global Healthcare Fraud Detection Market is expected to rise from its initial estimated value of USD 840.39 million to an estimated value of USD 6432.7 million by 2026, registering a CAGR of 28.97% in the forecast period of 2019-2026. Rising fraudulent activities is the major factor for the growth of this market.

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Healthcare Fraud Detection Market is Growing Fabulously With few of the major competitors currently working in the healthcare fraud detection market which are:
• IBM Corporation
• Optum, Inc.
• COTIVITI, INC.
• McKesson Corporation
• Fair Isaac Corporation
• SAS Institute Inc.
• SCIOInspire, Corp.
• Conduent, Inc.
• HCL Technologies Limited
• CGI Inc.
• DXC Technology Company
• Northrop Grumman
• LexisNexis
• Pondera Solutions
• Wipro
Key Developments in the Market:
• In February 2018, DOJs Healthcare fraud unit announced the launch of their new data analytics team so that they can manage the health care frauds. The main aim is to see address and manage the new frauds trends in the country.
• In June 2018, Wipro Limited announced the launch of their end-to-end solution to address the issue of fraud, waste, and abuse in healthcare insurance which will also have Opera Solutions’ powerful AI and machine. This new solution examines the audits, recovery follow up, payment posting and adjustments. The main aim of the launch is to reduce the number of false risk rates and improve the high- risk claims.

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Table of Contents: Healthcare Fraud Detection Market

1 INTRODUCTION
2 MARKET SEGMENTATION
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 INDUSTRY INSIGHT
7 TECHNOLOGICAL OVERVIEW
8 GLOBAL HEALTHCARE FRAUD DETECTION MARKET, BY FREQUENCY
9 GLOBAL HEALTHCARE FRAUD DETECTION MARKET, BY VEHICLE
10 GLOBAL HEALTHCARE FRAUD DETECTION MARKET, BY COMPONENT
11 GLOBAL HEALTHCARE FRAUD DETECTION MARKET, BY GEOGRAPHY
12 GLOBAL HEALTHCARE FRAUD DETECTION MARKET, COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: EUROPE
12.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
13 COMPANY PROFILES
13.1 CONTINENTAL AG
13.1.1 COMPANY SNAPSHOT
13.1.2 SWOT ANALYSIS
13.1.3 REVENUE ANALYSIS
13.1.4 GEOGRAPHICAL PRESENCE
13.1.5 MANUFACTURING LOCATIONS
13.1.6 PRODUCT PORTFOLIO
14 QUESTIONNAIRE
15 RELATED REPORTS
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Segmentation: Global Healthcare Fraud Detection Market
By Component
• Services
• Software
By Delivery Mode
• On-Premise Delivery Models
• On-Demand Delivery Models
By Type
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
By Application
• Insurance Claims Review
o Post payment Review
o Prepayment Review
• Payment Integrity
• Other Application
By End- User
• Private Insurance Payers
• Public/Government Agencies
• Third-Party Service Providers
• Employers
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Competitive Analysis:
Global healthcare fraud detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare fraud detection market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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