The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Healthcare Fraud Detection Global Market Report 2023, the healthcare fraud detection market is expected to show significant growth in the forecast period.

Key insights from the healthcare fraud detection market forecast include:

1. Market Size

The healthcare fraud detection market will reach $2.80 billion in 2023, with a 29.5% CAGR from $2.16 billion in 2022. By 2027, it’s anticipated to be $7.74 billion, growing at a 28.9% CAGR.

2. Major Driver

The rise in healthcare fraud incidents is set to boost the healthcare fraud detection market. For instance, in 2021, the Department of Justice (DOJ) initiated 831 new criminal healthcare fraud investigations, along with 805 new civil healthcare fraud investigations. According to data released by the United States Sentencing Commission, which defines sentencing guidelines, 336 healthcare fraud offenders were identified in fiscal year 2021, constituting 8.0% of total theft, property damage, and fraud charges. Consequently, the healthcare industry’s rising fraudulent activities are anticipated to fuel the healthcare fraud detection market’s growth.

View More On The Healthcare Fraud Detection Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-fraud-detection-global-market-report

3. Key Trend

The adoption of advanced analytics tools is a prominent trend in the healthcare fraud detection market. Leading companies are focusing on developing innovative technologies to maintain their position in the market. In January 2022, Premier, Inc., a US healthcare technology firm, introduced “INSights” using PINC AITM technology. INSights is a vendor-agnostic analytics platform that accesses cleaned and standardized healthcare data from PINC AITM. It’s designed for healthcare providers to reduce the effort required for data preparation and analytics development, enabling rapid improvements in clinical, quality, and financial outcomes.

4. Largest Region

North America was the largest region in the healthcare fraud detection market in 2022.

5. Major Players

Major players in the food diagnostics market are International Business Machines Corporation, Cotiviti Inc., Fair Isaac and Company, SAS Institute, CGI Inc., DXC Technology, RELX Group plc, EXL Service Holdings Inc., HCL Technologies, UnitedHealth Group Incorporated, Optum Inc., Conduent Inc., Change Healthcare, OSP Labs, and Codoxo.

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Key Healthcare Fraud Detection Market Segments
The global healthcare fraud detection market is segmented –
1) By Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
2) By Model: On-premise Delivery, On-demand Delivery
3) By Component: Services, Software
4) By Application: Insurance Claims Review, Payment Integrity
5) By End User: Healthcare Payers, Government Agencies, Other end-users

The Healthcare Fraud Detection Global Market Report 2023  provides an in-depth analysis on the healthcare fraud detection market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the healthcare fraud detection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Fraud Detection And Prevention Global Market Report 2023
Insurance Fraud Detection Global Market Report 2023
Healthcare Services Global Market Report 2023

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