Healthcare Fraud Detection Market Next Big Thing | Major Giants IBM Corporation, Optum, Inc., COTIVITI, INC

The Healthcare Fraud Detection Market report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market’s definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report serves a lot for the business and bestows with solution for the toughest business questions. While creating Healthcare Fraud Detection Market report, research and analysis has been carried out with one step or the combination of several steps depending upon the business and client necessities.

Healthcare Fraud Detection Market analysis report includes CAGR value fluctuations with respect to rise or fall for the certain forecast time. The data collected to produce this industry report is based on the data collection modules with large sample sizes. The vital highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. What is more, rising product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the use of well established tools and techniques in the first class Healthcare Fraud Detection Market report, complex market insights are turned into simpler version.

Global Healthcare Fraud Detection Market By Component (Services, Software), Delivery Mode (On-Premise Delivery Models, On-Demand Delivery Models), Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), Application (Insurance Claims Review, Payment Integrity, Other Application), End-User (Private Insurance Payers, Public/Government Agencies, Third-Party Service Providers, Employers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Healthcare Fraud Detection Market

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.

Get Sample Report + All Related Graphs & Charts (with COVID 19 Analysis) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-healthcare-fraud-detection-market&pm

Market Definition: Global Healthcare Fraud Detection Market

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.

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.

Key Market Competitors:

Few of the major competitors currently working in the healthcare fraud detection market 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.

Market Drivers

Rising population adapting health insurance is driving the growth of this market
Increasing fraud and abuse on healthcare spending is another factor driving the market

Market Restraints

Less adoption of Healthcare Fraud Analytics is restraining the growth of this market.
Lack of skilled and trained profession is another factor restraining market

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.

For More Insights Get FREE Detailed TOC @https://www.databridgemarketresearch.com/toc/?dbmr=global-healthcare-fraud-detection-market&pm

Reasons to Purchase this Report

Current and future of global healthcare fraud detection market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Contact:

Data Bridge Market Research

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email @ Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

This release was published on openPR.