Healthcare Fraud Detection Market Growth, Projections, Analysis, Trends and Forecast 2028| IBM Corporation, Optum, Inc., COTIVITI, INC

Healthcare Fraud Detection Market report makes available an overview of the industry which is gaining momentum in the last few years. The market report uses a range of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. It also offers an outline of the industry that might promote interest among prospective investors, large corporations and everyday users who could participate in the next big opportunity or make their lives just a little easier. The Healthcare Fraud Detection Market report comprises of the list of leading competitors, strategic industry analysis and the insights of key factors influencing the industry.

The Healthcare Fraud Detection Market survey provides key information about the industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. The report contains a chapter on the Global market and all its linked companies with their profiles, which presents valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. Moreover, this report also solves the purpose of validating the information that has been gathered through internal or primary research. The market report makes your organization armed with data and information generated by sound research methods.

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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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.

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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)

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