Healthcare Fraud Detection Market Demand, Insights and Forecast up to 2027

Healthcare Fraud Detection Market: Introduction

Health care fraud is defined as criminal deception intended to result in financial gain during drug manufacturing, quality of the product, medical practice, and health insurance. Health care fraud practice involves healthcare plans of the government, defrauding insurance company, company and consumer party etc.

Read Report Overview - https://www.transparencymarketresearch.com/healthcare-fraud-detection-market.html

Currently, different data mining practices are adopted by leading life sciences companies to avoid these fraudulent activities. Data mining techniques involves examining databases to investigate new information for example health care insurance data, fraud techniques, health care information systems etc.

According to U.S.-based Coalition Against Insurance Fraud, tens of billions of dollars are stolen each year by fraudulent means in the health care and pharma industries. In many of the cases, health care fraud is quite difficult to detect and may go unnoticed. Therefore, healthcare fraud detection products and services are expected to witness rapid growth in the next few years.

Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76517

Healthcare Fraud Detection Market: Drivers and Restraints

Increase in number of fraudulent events in health care, rise in number of patients opting for health care insurance, and rise in pressure to keep track of fraud & abuse in health care spending are projected to drive the global healthcare fraud detection market in the next few years

Rise in number of health care BPO and fraud identity management software, rapid acceptance of cloud-based analytical solutions, increase in influence of social media on the health care industry, and effectiveness of artificial intelligence in healthcare services and solutions are the other factors anticipated to propel the global healthcare fraud detection market. However, high cost of these health care fraud detection software & services, lack of skilled personnel, and less adoption and awareness about health care fraud analytics services in developing countries are expected to hamper the growth of the global healthcare fraud detection market.

Request for Analysis of COVID-19 Impact on Healthcare Fraud Detection Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=76517

North America to Account for Major Share of Global Healthcare Fraud Detection Market

North America accounted for major share of the global market in 2018 owing to rapid adoption of technologically advanced products, presence of prominent brands, better reimbursement policies, and increase in investments in health care analytical services. According to the findings of the National Healthcare Anti-Fraud Association (NHCAA), health care fraud costs the U.S. nearly US$ 68 Bn each year.

Key Players Operating in Global Healthcare Fraud Detection Market

The global healthcare fraud detection market is highly fragmented, with major manufacturers implementing various strategies to gain maximum market share.

Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=76517

Leading players operating in the global healthcare fraud detection market are:

CGI Group

Conduent

DCX Technology

Fair Isaac (Fico)

HCL Technologies

IBM Corporation

Wipro

Verscend Technologies

Scio Health Analytics

More Trending Reports by Transparency Market Research -

Antiseptic and Disinfectant Market: https://www.biospace.com/article/global-antiseptic-and-disinfectant-market-to-expand-with-improved-safety-standards-across-healthcare/

Parenteral Nutrition Market: https://www.prnewswire.com/news-releases/rise-in-prevalence-of-functional-gi-tract-disorders-to-support-growth-of-parenteral-nutrition-market-says-tmr-301338622.html

Contact Us

Mr. Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

This release was published on openPR.