Press release
Healthcare Fraud Analytics Market Is Projected to Grow At A CAGR of 20.4% Through coming years | IBM, Fair Isaac, McKesson
Healthcare Fraud Analytics
The Healthcare Fraud Analytics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include :
IBM Corporation (United States), Optum, Inc. (United States), SAS Institute Inc. (United States), Fair Isaac Corporation (FICO) (United States), McKesson Corporation (United States), HCL Technologies Limited (India), DXC Technology Company (United States), Conduent Inc. (United States), LexisNexis Risk Solutions (United States), Verscend Technologies, Inc. (United States), Cotiviti Corporation (United States), Change Healthcare (United States), Hexaware Technologies (India), EXL Service Holdings, Inc. (United States), Wipro Limited (India), Others.
According to HTF Market Intelligence, the global Healthcare Fraud Analytics market is valued at USD Million in 2023 and estimated to reach a revenue of USD Million by 2029, with a CAGR of 20.45% from 2023 to 2029.
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Definition :
Healthcare fraud analytics refers to the use of data analysis and advanced analytical techniques to identify, detect, and prevent fraudulent activities within the healthcare industry. This field leverages technology and data-driven approaches to scrutinize large volumes of healthcare data, such as insurance claims, medical records, billing information, and other relevant datasets, with the aim of identifying irregularities, anomalies, or patterns indicative of fraudulent behavior.
Market Trends :
Real-time analytics has become a growing trend in healthcare fraud detection. The ability to analyze data in real-time allows organizations to identify and respond to fraudulent activities more quickly,
reducing financial losses and preventing ongoing fraudulent schemes.
Market Drivers :
Advances in technology, particularly in artificial intelligence (AI), machine learning, and data analytics,
have provided healthcare organizations with more powerful tools to analyze large volumes of data.
These technologies enhance the ability to identify patterns and anomalies associated with fraudulent activities.
Market Opportunities :
Healthcare fraud analytics provides an opportunity to enhance the detection and prevention of fraudulent activities.
By leveraging advanced analytics, machine learning, and artificial intelligence, organizations can identify patterns and anomalies indicative of fraud, reducing financial losses and protecting the integrity of healthcare systems.
Market Developments Activities :
In December 2021, Wipro Limited completed its acquisition of LeanSwift, thereby enhancing the offerings within Wipro FullStride Cloud Services.
The landscape of global healthcare fraud analytics market is notably competitive,
with a multitude of international and regional player's competition for viewer attention and market share.
While a few dominant companies hold a significant global presence, many others engage in direct competition by offering diverse content portfolios across various platforms.
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The Global Healthcare Fraud Analytics Market segments and Market Data Break Down are illuminated below :
Global Healthcare Fraud Analytics Market Breakdown by Application (Insurance Claim Review, Pharmacy billing Issue, Payment Integrity, Others)
by Solution Type (Descriptive Analytics, Prescriptive Analytics, Predictive Analytics)
by Deployment Mode (On-premises, Cloud-based) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Healthcare Fraud Analytics market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions :
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Objectives of the Report :
• -To carefully analyze and forecast the size of the Healthcare Fraud Analytics market by value and volume.
• -To estimate the market shares of major segments of the Healthcare Fraud Analytics
• -To showcase the development of the Healthcare Fraud Analytics market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Healthcare Fraud Analytics market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Healthcare Fraud Analytics
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Healthcare Fraud Analytics market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Major highlights from Table of Contents :
Healthcare Fraud Analytics Market Study Coverage :
• It includes major manufacturers, emerging player's growth story, and major business segments of Healthcare Fraud Analytics market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Healthcare Fraud Analytics Market Executive Summary :
It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Healthcare Fraud Analytics Market Production by Region Healthcare Fraud Analytics Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Healthcare Fraud Analytics Market Report :
• Healthcare Fraud Analytics Overview, Definition and Classification Market drivers and barriers
• Healthcare Fraud Analytics Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Healthcare Fraud Analytics Market
• Healthcare Fraud Analytics Capacity, Production, Revenue (Value) by Region (2023-2030)
• Healthcare Fraud Analytics Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Healthcare Fraud Analytics Production, Revenue (Value), Price Trend by Type {Descriptive Analytics, Prescriptive Analytics, Predictive Analytics}
• Healthcare Fraud Analytics Manufacturers Profiles/Analysis Healthcare Fraud Analytics Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered :
How feasible is Healthcare Fraud Analytics market for long-term investment?
What are influencing factors driving the demand for Healthcare Fraud Analytics near future?
What is the impact analysis of various factors in the Global Healthcare Fraud Analytics market growth?
What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
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About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making
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