Healthcare Fraud Detection Market size is expected to reach US$ 7.74 Bn. by year 2029 at a CAGR of 25.5% during the forecast period.
Healthcare Fraud Detection Market Overview:
The purpose of this study is to provide an in-depth analysis of the Healthcare Fraud Detection Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Automotive Leaf Spring industry. The study also provides a thorough examination of the market’s value chain.
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Healthcare Fraud Detection Market Scope:
The research method used to assess and forecast the Healthcare Fraud Detection Market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Healthcare Fraud Detection Market .
Healthcare Fraud Detection Market Drivers:
Delivery mode segment is classified as the cloud-based solution and on-premises solution. On-Premises sub-segment is estimated to hold the largest market share in the forecast period. On-Premises requires lack of upfront capital investments for hardware, also provides higher flexibility, and the pay-as-you-go pricing of this model will result in increasing share of on-Premises market. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Growing pressure of fraud, waste, and abuse on healthcare spending is trending the overall Global Healthcare Fraud Detection market. Reluctance to adopt healthcare fraud analytics in developing countries may hamper market growth. North America is going to emerge as one of the higher growth regions in the forecast period followed by Europe and APAC. Increasing cases of healthcare fraud, favorable government initiatives to combat healthcare fraud will fuel the Healthcare Fraud Detection Market in the North America region.
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Healthcare Fraud Detection Market Segmentation:
Healthcare Fraud Detection Market, By Delivery Mode:
• Cloud-Based Solutions
• On-Premises Solutions
Healthcare Fraud Detection Market, By Types:
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
Healthcare Fraud Detection Market, By Component:
• Software
• Services
Healthcare Fraud Detection Market, By Application:
• Insurance claims review
• Payment integrity
• Other applications
Healthcare Fraud Detection Market, By End User:
• Private insurance payers
• Public/government agencies
• Employers
• Third party service providers
Healthcare Fraud Detection Market Key Players are:
• Lexinexis (A Part of Relx Group)
• Pondera Solutions
• Northrop Grumman
• DXC Technology
• CGI Group
• HCL Technologies
• Conduent
• Wipro
• Scio Health Analytics
• SAS Institute
• Fair Isaac (Fico)
• Mckesson
• Verscend Technologies
• Optum (A Part of Unitedhealth Group)
• IBM
• COTIVITI, INC.
• SCIOInspire, Corp.
• Codoxo
• HMS
• EXL Service Holdings
• Change Healthcare
• Canadian Global Information Technology Group
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Healthcare Fraud Detection Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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Key Questions Answered in the Automotive Leaf Spring Market Report are:
- Which segment had the largest share in the Healthcare Fraud Detection Market ?
- How is the competitive scenario of the Healthcare Fraud Detection Market in 2020?
- Which are the key drivers impacting the Healthcare Fraud Detection Market growth?
- Which region holds the maximum share in the Healthcare Fraud Detection Market ?
- What will be the CAGR of the Healthcare Fraud Detection Market during the forecast period (2021-2027)?
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