Healthcare Fraud Analytics Market Overview | By Key Factors, Scope, Drivers, During 2022 – 2029

Increase in number of patients seeking health insurance and large number of fraudulent activities in healthcare are the major factors that are expected to drive the healthcare fraud analytics market growth during the forecast period. Moreover, high return on investments and rise in pharmacy claim related frauds also propel the growth of market.

However, concerns associated with healthcare fraud analytics such as lack of privacy is a restraint, which is expected to hinder the market growth. Contrarily, adoption of healthcare fraud analytics in developing countries, emergence of social media and its impact on the healthcare industry, and role of AI in healthcare fraud detection act as opportunities for the healthcare fraud analytics market.

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Healthcare fraud detection applications have evolved the way evaluation of insurance claims are performed. As majority of fraud cases occur while claiming health insurance policies, many insurance companies have opted for healthcare fraud detection solutions.

As the number of patients increases, healthcare insurance fraud is expected to rise as false information given to  health insurance companies may increase unauthorized payment advantages to policyholders‚ third party service providers‚ or the service suppliers.

One of the strongest concerns relating to the use and gathering of big data in healthcare analytics is the lack of privacy, especially when it comes to health records of sensitive patients.

To be effective and get the full, detailed look at a patient, big data must have access to all information, comprising private records and social media posts. According to several big data experts, the technology takes away personal privacy for the greater good. 

Key benefits of the report:

  • This study presents the analytical depiction of the global healthcare fraud analytics industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the healthcare fraud analytics market share.
  • The current healthcare fraud analytics market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the healthcare fraud analytics market. 
  • The report provides a detailed healthcare fraud analytics market analysis based on the present and future competitive intensity of the market.

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