Healthcare Fraud Detection Market Listed at 28.9% CAGR, Overview by IBM (US), Wipro (India) and Conduent (US)

Healthcare fraud detection market highly competitive with the presence of various players. Some of the major players operating in market include IBM (US), Optum (US), SAS (US), McKesson (US), SCIO (US), Verscend (US), Wipro (India), Conduent (US), HCL (India), CGI (Canada), DXC (US), Northrop Grumman (US), LexisNexis (US), and Pondera (US).

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The healthcare fraud detection market is expected to reach USD 2,242.7 Million by 2022 from USD 504.4 Million in 2016, at a CAGR of 28.9%. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. The study estimates the healthcare fraud detection market size for 2017 and projects its demand till 2022.

Healthcare Fraud Detection Market, By Application

1 Introduction

2 Insurance Claims Review

3 Postpayment Review

4 Prepayment Review

5 Payment Integrity

Healthcare Fraud Detection Market, By End User

1 Introduction

2 Private Insurance Payers

3 Public/Government Agencies

4 Third-Party Service Providers

5 Employers

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The healthcare fraud detection market is segmented into descriptive, predictive, and prescriptive analytics. The prescriptive analytics segment is expected grow at a highest CAGR during the forecast period. The high growth of this segment is attributed to the ability of prescriptive analytics to ensure the synergistic integration of predictions and prescriptions.

Target Audience for this Report:

• Healthcare IT firms
• Healthcare analytics vendors
• Healthcare payers
• Venture capitalists
• Research and consulting firms
• Healthcare fraud detection service providers

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North America is expected to account for the largest share of the market followed by Europe. This regional segment is expected to register the highest CAGR during the forecast period. Factors such as increase in the number of people seeking health insurance, increasing cases of healthcare fraud, favorable government initiatives to combat healthcare fraud, rising pressure to reduce healthcare costs.

Competitive Landscape

1 Overview

2 Market Player Ranking, 2016

3 Competitive Scenario

4 Agreements, Partnerships, Collaborations, and Contracts

5 Expansions

6 Acquisitions

7 Product Launches