According to SPER Market Research, the Healthcare Fraud Analytics Market Size is additionally supported by an increase in the number of people seeking health insurance, an increase in fraud involving pharmaceutical claims, a high return on insurance investment, technical developments, and government attempts to combat fraud.
Data analytics are effectively used by fraud analytics systems to identify and stop healthcare fraud. The development of models suited to spotting any fraudulent behaviour relating to healthcare solutions uses a variety of analytical models and insights bolstered by statistical, cognitive, and comparative methodologies.
Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 25.6%
- Forecast Market Size (2030): 6.2 Billion
One of the main factors propelling the market for healthcare fraud analytics is the increase in fraudulent activities in the healthcare sector globally.
The rise in patients seeking health insurance, the increase in pharmacy claim frauds, the high return on insurance investment, technical improvements, and government attempts to combat fraud also contribute to the market’s expansion for healthcare fraud analytics.
Global Healthcare Fraud Analytics Market Insights, Size and Growth Forecast To 2030
Impact of COVID-19 on the Healthcare Fraud Analytics Market
The global pandemic of COVID-19 has fuelled the fraudulent activities in healthcare industry by patients or healthcare professionals. Many frauds such as fake prescriptions, procurement of fake certificates, evasion of healthcare charges or faults in the medical reports has been observed during this pandemic. Such scenarios coupled with travel bans, curfews, quarantines, and supply demand fluctuations pose significant challenges to the healthcare fraud analytics market.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Healthcare Fraud Analytics Market by Solution Type:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Healthcare Fraud Analytics Market by Delivery Model:
- On-premise
- On-demand
Healthcare Fraud Analytics Market by Applications:
- Insurance Claim Review
- Pharmacy Billing Misuse
- Payment Integrity
- Other Applications
Healthcare Fraud Analytics Market by End-user:
- Public and Government Agencies
- Private Insurance Payers
- Third Party Service Providers
- Employers
Vascular Closure Devices Market by Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Key Market Players:
The global Healthcare Fraud Analytics Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Canadian Global Information Technology Group Inc., Change Healthcare, Conduent, Inc., Cotiviti, DXC Technology Company, EXL Service Holdings, Inc., FraudLens, FraudScope, Healthcare Fraud Shield, Hindustan Computers Limited Technologies Limited, HMS, International Business Machines Corporation, LexisNexis Group, Northrop Grumman Corporation, Optum, Inc., Pondera Solutions, SAS Institute, Inc., WhiteHatAI, Wipro Limited.
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