The US Healthcare Fraud Detection Market Industry Outlook, Demand and Global Research Analysis Report- Conduent Inc., DXC Technology Company, EXL | CAGR 24.47%

The US Healthcare Fraud Detection Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The US Healthcare Fraud Detection market studied was valued at USD 337.41 million in 2018, and is expected to reach USD 1254.48 million by 2024, with an anticipated CAGR of 24.47%, during the forecast period (2019-2024).

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Conduent Inc., DXC Technology Company, EXL (Scio Health Analytics), International Business Machines Corporation (IBM), Mckesson, Northrop Grumman, OSP Labs, SAS Institute, Relx Group PLC (LexisNexis), United Health Group Incorporated (Optum Inc.)

Market Overview-

The major factors attributing to the growth of the US healthcare fraud detection market are increasing fraudulent activities in the US healthcare, growing pressure to increase in operations efficiency and reduce healthcare spending, and prepayment review model.

For instance, as per the National Health Care Anti-Fraud Association stated that health insurance frauds in the United States cost around USD 80 billion per year to the consumers. Criminals are looking forward to profit from the people across the country. As most of the people in the country are having health insurance, free medical treatments or complimentary consultation offers are being stolen.

Such cases of frauds in health insurance are causing damages to the medical history of people. A few years back, it was difficult for the healthcare providers to identify the fraud, as criminals were playing with all types of patient identifications and insurance information. Due to such frauds, patients are compelled to pay higher premiums and their medical history is compromised. Therefore, the US healthcare department is currently more focused on the reduction of such cases by implementing fraud detection technology. Therefore, it is believed that due to the rising fraudulent activities in the US healthcare department, the market studied may grow in the future.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
The US (Germany, UK, France, Rest of The US)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America) 
Middle East & Africa

Key Market Trends

In the Application Segment, the review of Insurance Claims is Expected to Hold the Major Share and Expected to do Same

The healthcare fraud detection solution plays a major role in the review of insurance claims, as most of the fraud cases occur while claiming the insurance. As per the estimates of the National Health Care Anti-Fraud Association (NHCAA), health care fraud costs the United States around USD 68 billion annually. Health insurance fraud is a type of fraud in which false or misleading information is provided to a health insurance company in an attempt to have them pay unauthorized benefits to the policy holder another party or the entity providing services. The offense can be committed by the insured individual or the provider of health services.

Most health insurances include specific benefits and health insurance fraud practices, such as overbilling for the type of services received, rob consumers of these benefits. A central objective of the recent US healthcare policy reform, most notably the Affordable Care Acts (ACA) Health Insurance Marketplace, has been to increase access to stable, affordable health insurance. Owing to the aforementioned factors, the review of insurance claims segment is expected to grow exponentially in the US healthcare fraud detection market.

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Major points covered in this research are:-  

─Healthcare Fraud Detection Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers

─The US Market Size (Value) of Healthcare Fraud Detection (2020-2024)

─The US Healthcare Fraud Detection Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)

─The US Healthcare Fraud Detection Production, Revenue (Value), Price Trend by Type

─The US Healthcare Fraud Detection Market Analysis by Application

─The US Healthcare Fraud Detection Manufacturers Profiles/Analysis

─Healthcare Fraud Detection Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─The US Healthcare Fraud Detection Market Forecast (2020-2024)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Healthcare Fraud Detection report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Healthcare Fraud Detection product development and gives an outline of the potential The US market

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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