Jersey City, New Jersey, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Healthcare Fraud Analytics Market” By Solution Type (Descriptive Analytics, Predictive Analytics, & Prescriptive Analytics), By Application (Insurance Claims Review, Pharmacy Billing Misuse, Payment Integrity), and By Geography. According to Verified Market Research, the Global Healthcare Fraud Analytics Market size was valued at USD 5,116.61 Million in 2020 and is projected to reach USD 24,160.88 Million by 2028, growing at a CAGR of 20.95% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=191375
Browse in-depth TOC on “Healthcare Fraud Analytics Market”
202 - Pages
126 – Tables
37 – Figures
Global Healthcare Fraud Analytics Market Overview
The healthcare fraud analytics market is growing at a robust rate mainly due to the growing number of the population choosing health insurance. Health insurance offers financial expenditure coverage required to treat various medical conditions, injuries, mental and physical injuries. The demand for health insurance is growing as it compensates medical expenditure required by the payer by providing healthcare benefits in exchange for a monthly/semi-annual/annual premium or a payroll tax. Increasing insurance frauds by the applicants, policyholders, third-party claimants, and healthcare professionals to gain monetary benefits is promoting the need for analytics for a smooth insurance process without any loopholes. The rise in insurance fraud has resulted in massive financial loss annually. According to the National Health Care Anti-Fraud Association in the United States, healthcare fraud could cost up to $300 billion in 2018. As the number of cases of healthcare fraud increases around the world, so does the demand for healthcare fraud analytics.
The growth of the market is projected to propel due to a rise in the spending on the healthcare sector by the potential population. Changing customer preferences, increasing investment in developing the healthcare infrastructure and developing patient demographics are pushing the market growth. The increasing prevalence of chronic disease and epidemic infections and the growing geriatric population base, who are vulnerable to diseases and disorders is pushing demand for healthcare insurance. This, in turn, escalates the risks of healthcare fraud, pushing the market growth. However, the growth of the market is hampered mainly due to a limited skilled workforce for utilizing the features and fraud analytics, higher cost of deployment especially for the small and medium enterprise, and growing risk of data security.
Key Players
The major players in the market are IBM, Optum Inc., SAS Institute Inc., Change Healthcare, EXL Service, Cotiviti, Conduent, Inc., Hindustan Computers Limited Technologies Limited, CGI Inc.
Verified Market Research has segmented the Global Healthcare Fraud Analytics Market On the basis of Solution Type, Application, and Geography.
- Healthcare Fraud Analytics Market, By Solution Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Healthcare Fraud Analytics Market, By Application
- Insurance Claims Review
- Pharmacy Billing Misuse
- Payment Integrity
- Healthcare Fraud Analytics Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Internet of Things (IoT) Market By Software Solution (Real-Time Streaming Analytics, Security Solution, Data management, Remote monitoring system, Network Bandwidth Management), By Platform (Application Management, Network Management, and Device Management), By Application (Building and home automation, smart energy and utilities, Smart manufacturing, Connected Logistics, Smart Retail, Smart mobility and transportation, and Others), By Geography, Forecast, 2021-2028
Supply Chain Analytics Market By Deployment Model (On-premise and Cloud-based), By Service (Support and Maintenance Services and Professional Services), By Application (Healthcare and life sciences, Manufacturing, Automotive), By Component (Sales & Operation Planning, Manufacturing Analytics), By Geography, Forecast, 2021-2028
Customer Experience Management Market By Analytical Tools (Speech Analytics, Text Analytics, Web Analytics & Content Management), By Touch Point (Stores/ Branches, Web Services, Call Centers), By End-User (Retail, BFSI, Healthcare), By Geography, Forecast, 2021-2028
Healthcare IT Market By End-User (Healthcare Providers and Healthcare Payers), By Component (Service, Software, And Hardware), By Product & Services (Healthcare Provider Solutions, Healthcare Analytics, Customer Relationship Management Solutions), By Geography, Forecast, 2021-2028
Top 10 Healthcare Data Analytics Companies following ‘Big Data’ megatrend
Visualize Healthcare Fraud Analytics Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
