Data Theft And Fraud In Healthcare Sector Is Driving The Growth Of Healthcare Fraud Detection Market

  • According to the new market research report “Healthcare Fraud Detection Market Detection Method (Predictive Analysis, Prescriptive Analysis and Descriptive Analysis), by Product Type (Solution and Service), by End-user (Medical Service Providers, Insurance Service Providers, Diagnostics Laboratories, Government and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global healthcare fraud detection market is projected to reach till USD 6.14 Billion by 2027 at a CAGR of around 26.29% in the forecast period
  • Fraud detection in the healthcare sector is used to detect, analyze and prevent the risk associated with the data manipulation in the medical payment bills, insurance claim & reimbursement, medical records and other false practices to gain higher profit
  • Rising use of healthcare fraud detection in the insurance sector to prevent financial losses through manipulation of reimbursement and false insurance claims is fueling the demand for fraud detection in healthcare sector
  • Booming healthcare sector, rising demand for better access to healthcare results into increase in fraud in healthcare sector. Rising chronic medical conditions resulting into higher demand for medical treatment escalating the overall financial transaction, drives the risk of healthcare related fraud
  • Growing global population, rise in geriatric population with favorable governmental policies for offering better access is driving the demand for health insurance. This, in turn, fuels the demand for healthcare fraud detection
  • Increasing penetration of AI in the healthcare fraud detection to eradicate human error and prevent patient information and related financial transaction is creating new opportunities for the market growth
  • Lack of skilled technicians for operating healthcare fraud detection solutions and preventing risk of frauds, is acting as a ssskey challenge to the market growth
  • North America
  • Europe
  • SAS Institute Inc.:
  • Optum, Inc.:

--

--

--

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Is your Event Digital Strategy on the right path?

Non-Invasive Ventilation Masks and Circuits Market Outlook 2029: Top Companies, Trends by Regions…

When Hailing a Ride Becomes a Political Act

Why is it so hard to prove the ROI of CX?

10 Things You Need To Know About Tech and Antitrust

Say what you want about Snapchat, they are unmatched in LOCATION

Why investors bet on Dremio’s data analytics play

Trending News: Quantum Computing Market — Global Industry Analysis and Forecast 2020 to 2027

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

More from Medium

Modeling Stress as a Learned Behavior

Measuring the true value of paid media in the luxury sector

Keeping Your Employees Afloat with Affordable Credit

How Technology evolution has led to New Age Philosophers.