Medical Payment Fraud Detection Market: Drivers, Restraints, Opportunities, and Threats (2020-2027)

0
0

Global Medical Payment Fraud Detection Market is expected to hold a value of USD 5786.44 Million by 2027 and is expected to register a growth of 25.2% from 2020 to 2027.

Market Synopsis

Medical fraud is increasingly apperceived as one of the social concerns. Healthcare fraud varies, but generally, it involves filing dishonest health claims for profit. The combination of fear loosened healthcare regulations, and expected stimulus payments in response to the COVID 19 pandemic could unleash an unprecedented surge of healthcare scams and fraud. The rising number of patients opting for health insurance, increasing pressure of fraud, and abuse on healthcare spending are the key factors that are expected to drive the market growth. For instance, according to the Centers for Disease Control and Prevention, 2018, report, 65.1% of people under the age of 65, in the US opted for private healthcare insurance. Moreover, a large number of fraudulent activities, rising healthcare expenditures, and growing pressure to increase operational efficiency and reduce healthcare spending are also expected to boost market growth.

Browse Sample of the Report @ https://www.marketresearchfuture.com/sample_request/9778 

However, the lack of skilled professionals and unwillingness to adopt the fraud analytics system in developing countries are expected to restrain the growth of the medical payment fraud detection market.

Several market players such as SAS Institute, LexisNexis Risk Solutions, and Optuminsight, among others currently dominate the global medical payment fraud detection market.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2020, owing to the increasing number of patients opting for health insurances. For Instance, according to the Centers for Disease Detection and Prevention, in 2018 report, 25.5% people under age of 65 opted for public health insurance in the United States. The medical payment fraud detection market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European medical payment fraud detection market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, Italy, Spain, the UK and the rest of Western Europe. The medical payment fraud detection market in Asia-Pacific has been segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. Due to large number of fraudulent activities, the market in Asia-Pacific is expected to be the fastest-growing. The medical payment fraud detection market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

Global Medical Payment Fraud Detection Market has been segmented based on the Type, Component, Delivery Model, Source of Services, and End User.

Based on Type, the global medical payment fraud detection market has been segmented into descriptive analytics, predictive analytics, and prescriptive analytics. Descriptive analytics forms the base for the effective application of predictive and prescriptive analytics.

On the basis of components, the market has been segmented into services and software. Software fraud detection is expected to hold a major market share.

Based on the delivery model, the market has been segmented into on-premise and cloud-based. The cloud-based fraud detection market is expected to gain traction during the forecast period.

On the basis of the source of service, the market has been segmented into in-house and outsourced.

The market based on end-user has been segmented into private insurance payers, public/ government agencies, and third-party service providers.

Key Players

Some of the key players in the global medical payment fraud detection market are LexisNexis Risk Solutions (US), International Business Machines Corporation (US), Optuminsight (US), OSP Labs (India), DXC Technology Company (US), UnitedHealth Group (US), SAS Institute (US), Fair Issac Corporation (US), EXL Service Holdings, Inc. (US), CGI GROUP (Canada).

Browse More Details of the Report @ https://www.marketresearchfuture.com/reports/medical-payment-fraud-detection-market-9778 

Căutare
Categorii
Citeste mai mult
Alte
You Will Thank Us - 7 Tips About Online Psychiatry Uk You Need To Know
For a start, seeing most likely need get yourself a referral letter from your existing...
By Tranberg Muir 2021-09-19 18:35:21 0 0
Alte
Wie entwickeln Sie Ihre Berliner WordPress-Agentur Mission?
Für eine Agentur, egal ob es sich um eine Agentur für digitales Marketing oder eine...
By Lean Port 2020-11-12 04:37:14 0 0
Networking
The Explosive Concoction (Pathfinder) gem in Path of Exile 3.15 extension
The idea of Grinding Gear Games developing the Path of Exile 3.15 extension is to provide...
By CSCCA CSCCA 2021-07-26 01:24:04 0 0
Alte
검색엔진 상단노출 구글사이트맵 메타 태그 디스크립션 서치랭커만의 노하우를 가지고 있습니다. 고효율의 백링크 작업백링크 프로세스 ⓕ How You Can Improve Your Multi-level Marketing Approach
앵커 텍스트 또는 링크 텍스트 (Anchor text): 이 텍스트는 하이퍼링크에서 파란색으로 밑줄쳐진, 클릭할 수 있는 텍스트를 뜻하는데요, 앵커텍스트 최적화는 특정 키워드...
By Hildebrandt Kramer 2021-09-18 23:47:42 0 0
Alte
BERMAIN Oleh FOKUS PADA PERMAINAN POKER ONLINE
Bermain Dengan Fokus Pada Permainan Poker Online ? Pada risalah kali ini abdi akan coba...
By Good Marks 2021-09-20 03:29:28 0 0