DUBLIN--(BUSINESS WIRE)--The "Healthcare Fraud Detection Market by Type (Descriptive, Prescriptive), Application (Insurance Claim, Prepay, Post payment), Component (Service, Software), Delivery (On-premise, Cloud), End user (Insurance Payer, Private) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
“Healthcare Fraud Detection Market by Type (Descriptive, Prescriptive), Application (Insurance Claim, Prepay, Post payment), Component (Service, Software), Delivery (On-premise, Cloud), End user (Insurance Payer, Private) - Global Forecast to 2022”
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Factors such as the large number of fraudulent activities in healthcare; increasing number of patients seeking health insurance; the prepayment review model; growing pressure of fraud, waste, and abuse on healthcare spending; and high returns on investments are driving the growth of the healthcare fraud detection market. On the other hand, market growth is likely to be negatively affected by the dearth of skilled personnel and reluctance to adopt healthcare fraud analytics in emerging countries, are expected to limit the growth of this market to a certain extent.
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By type, 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.
In 2017, 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, technological advancements, and greater product and service availability in this region are expected to drive market growth in North America.
CGI Group
Conduent
DCX Technology
Fair Isaac (Fico)
HCL Technologies
IBM
Lexinexis (A Part of Relx Group)
Mckesson
Northrop Grumman 146
Optum (A Part of Unitedhealth Group)
Pondera Solutions
Sas Institute
Scio Health Analytics
Verscend Technologies
Wipro
