United States Healthcare Fraud Detection Market, By Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), By Application (Review of insurance claims, and Payment Integrity), and By End User (Private Insurance payers, Government Agencies, and Other End Users) - Trends, Analysis and Forecast till 2034

Report Code: PMI419120 | Publish Date: April 2024 | No. of Pages: 180

United States Healthcare Fraud Detection Market Overview

United States Healthcare Fraud Detection Market was valued at US$ 0.8 billion in 2024 and is projected to grow at a CAGR of 22.9% to reach US$ 5.2 billion by 2034.

Healthcare fraud detection involves account auditing and detective investigation. Careful account auditing can reveal suspicious providers and policy holders. Ideally, it is best to audit all claims one-by-one carefully. However, auditing all claims is not feasible by any practical means. Furthermore, it's very difficult to audit providers without concrete smoking clues. A practical approach is to develop short lists for scrutiny and perform auditing on providers and patients in the short lists. Various analytic techniques can be employed in developing audit short lists. Keep in mind that excessive fraudulent claims lead deviations in aggregate claims statistics. In addition, fraudulent claims often develop into patterns that can be detected using predictive models.

United States Healthcare Fraud Detection Market Dynamics

Increase demand of healthcare fraud detection

Such cases of frauds in health insurance are causing damages to the medical history of people. Few years back, it was difficult for the healthcare providers to identify the fraud, as criminals were using all types of patient identifications and insurance information. Due to such frauds, patients are compelled to pay higher premiums. Therefore, the US healthcare department is currently more focused toward the reduction of such cases by implementing the fraud detection technology. Therefore, it is believed that due to the rising fraudulent activities in the US healthcare department, the market studied may grow in the future.

Reason Behind rising adoption of healthcare fraud detection

Another key factor for increase growth of market are increase awareness among people associated with its benefits is augmented the growth of market as people are more focused in adopting policy insurance, and meanwhile are also easily get attract more towards bucket of benefits. Thereby the probability of caught into their frame trapped are more. Also, criminals are already looking forward to profit from the people across the country. As most of the people in the country are having health insurance, free medical treatments or complementary consultation offers are being stolen.

United States Healthcare Fraud Detection Market Segmentation

The United States healthcare fraud detection market is segmented based on type, application, and end user.

Based on type, the United States healthcare fraud detection market is segmented into descriptive analytics, predictive analytics, and prescriptive analytics. Based on application, the target market is segmented into review of insurance claims, and payment integrity. Based on end user, the target market is segmented into private insurance payers, government agencies, and other end users.

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Type - Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics

By Application – Review of insurance claims, and Payment Integrity

By End User- Private Insurance payers, Government Agencies, and Other End Users

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global United States healthcare fraud detection market report based on type, application, and end user:

United States Healthcare Fraud Detection Market, By Type:

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

United States Healthcare Fraud Detection Market, By Application:

  • Review of insurance claims
  • Payment Integrity

United States Healthcare Fraud Detection Market, By End User:

  • Private Insurance Payers
  • Government Agencies
  • Other End Users

United States Healthcare Fraud Detection Market Key Players

The key players operating the United States Healthcare Fraud Detection market includes Conduent Inc., DXC Technology Company, EXL (Scio Health Analytics), International Business Machines Corporation (IBM), and Mckesson, among others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in January 2020, DXC Technology Named a Leader for Healthcare IT Security Services in Everest Group PEAK Matrix Assessment 2020.

United States Healthcare Fraud Detection Market Company Profile

  • Conduent Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DXC Technology Company
  • EXL (Scio Health Analytics)
  • International Business Machines Corporation (IBM)
  • Mckesson Corporation

 “*” marked represents similar segmentation in other categories in the respective section

United States Healthcare Fraud Detection Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Outlook for United States Healthcare Fraud Detection Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End User
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Type , 2024 - 2034, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 - 2034
      • Y-o-Y Growth Analysis (%), 2024 - 2034
      • Segment Trends
    • Descriptive Analytics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
    • Predictive Analytics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
    • Prescriptive Analytics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
  6. Market Segmentation, By Application, 2024 - 2034, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 - 2034
      • Y-o-Y Growth Analysis (%), 2024 - 2034
      • Segment Trends
    • Review of insurance claims
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
    • Payment Integrity
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
  7. Market Segmentation, By End User, 2024 - 2034, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 - 2034
      • Y-o-Y Growth Analysis (%), 2024 - 2034
      • Segment Trends
    • Private Insurance Payers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
    • Government Agencies
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
    • Other End Users
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 - 2034
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
    • Conduent Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies
    • DXC Technology Company
    • EXL (Scio Health Analytics)
    • International Business Machines Corporation (IBM)
    • Mckesson Corporation
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

United States Healthcare Fraud Detection Market accounted for US$ xx billion in xx and is estimated to be US$ xx billion by xx and is anticipated to register a CAGR of xx%.

United States Healthcare Fraud Detection Market is segmented into on the basis of type, application, and end user.

Factors driving the US Healthcare Fraud Detection Market include rising fraud incidences, adoption of healthcare IT, strict regulations, data analytics advancements, and cost control demands.

The restraints of the US Healthcare Fraud Detection Market include challenges in accurately identifying fraudulent activities, complexity in data integration, limited resources for implementation, and potential resistance from stakeholders.

The key players operating the target market includes, Conduent Inc, DXC Technology Company, EXL (Scio Health Analytics), International Business Machines Corporation (IBM), and Mckesson Corporation.