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Global Healthcare Fraud Detection Market Estimated $6432.7 Mn by 2026, With Booming CAGR of 28.97% in the Forecast Period

Key players on the Healthcare Fraud Detection market are making moves for all industries such as product launches, joint ventures, developments, merges and accusations that affect the market and Healthcare Industry as a whole and also affect sales, import, export, revenue and CAGR values. The Market Research Report is a resource that provides current and upcoming technical and financial details to the industry up to 2026. Data and information from the Healthcare Fraud Detection industry are collected from reliable sources such as websites, annual company reports, newspapers, and others, and they have been checked and validated by market experts. The report also identifies and analyzes emerging trends and major drivers, challenges and opportunities in the Healthcare Fraud Detection Market. This report focuses on Healthcare Fraud Detection’s global, regional and business volume and value. The new strategic plan and suggestions that will help both old and new market players to maintain competitiveness will also be discussed.

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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.

Key Market Competitors: Global Healthcare Fraud Detection Market

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.

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Market Analysis 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.

Strategic Points Covered in TOC:
·Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Healthcare Fraud Detection market
·Chapter 2: Evaluating the leading manufacturers of the global Healthcare Fraud Detection market which consists of its revenue, sales, and price of the products
·Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
·Chapter 4: Presenting global Healthcare Fraud Detection market by regions, market share and with revenue and sales for the projected period
·Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

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Segmentation: Global Healthcare Fraud Detection Market

By Component

  •  Services
  •  Software

By Delivery Mode

  •  On-Premise Delivery Models
  •  On-Demand Delivery Models

By Type

  •  Descriptive Analytics
  •  Predictive Analytics
  •  Prescriptive Analytics

By Application

  •  Insurance Claims Review
    • Post payment Review
    • Prepayment Review
  •  Payment Integrity
  •  Other Application

By End- User

  •  Private Insurance Payers
  •  Public/Government Agencies
  •  Third-Party Service Providers
  •  Employers

Market Segment by Regions, regional analysis covers:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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.

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