According to an analysis by Triton Market Research, the healthcare fraud analytics and detection market in North America is likely to augment at a CAGR of 23.61% over the forthcoming period between 2019 and 2028.
The countries evaluated in the North American healthcare fraud analytics and detection market are:
• Canada
• The United States
In the United States, many organizations are increasingly adopting analytical solutions to comply with standard regulations to prevent fraudulent claims. The federal healthcare programs like Medicare and Medicaid are implemented to improve the healthcare system and minimize the loss of insurers caused due to fraud claims. Established in 1985, the NHCAA (National Health Care Anti-Fraud Association) is a leading national organization that aims to combat healthcare fraud. With the rising initiatives like Medicare, Medicaid and other healthcare programs, coupled with the presence of better healthcare infrastructure, the US healthcare fraud analytics and detection market is anticipated to display immense growth over the years.
The Canadian Life and Health Insurance Association is creating consumer awareness regarding health and dental benefits fraud. This organization accounts for over $860 billion in assets in the country, employing over 155,000 people in Canada. As per the data it has collected, the fraudulent claims range from 2% to 10%, which means, per year, around $600 million to $3.4 billion are being stolen. Thus, the increasing awareness by the associations and growing incidents of healthcare frauds are likely to fuel the demand for healthcare fraud detection solutions, resulting in the growth of the studied market.
DXC Technology is a company implementing digital transformations for companies, by integrating mainstream IT with digital solutions for better business outcomes. The company was established in 2017, with the merger of two companies, namely, CSC and the Enterprise Services business of Hewlett Packard Enterprise. It is headquartered in Virginia, US. Fraud Analytics Suite is a product provided by the company that can help in identifying suspicious claims.
Some corporations involved in the healthcare fraud analytics and detection market are EXL, Pondera Solutions, Change Healthcare, Cotiviti Inc, OSP Labs, RELX Group Plc, Intelligent Business Machines Corporation, McKesson Corporation, Northrop Grumman Corporation, DXC Technology Company, Fair Issac Corporation, SAS Institute Inc, UnitedHealth Group (Optum Inc) and CGI Inc.
The countries evaluated in the North American healthcare fraud analytics and detection market are:
• Canada
• The United States
In the United States, many organizations are increasingly adopting analytical solutions to comply with standard regulations to prevent fraudulent claims. The federal healthcare programs like Medicare and Medicaid are implemented to improve the healthcare system and minimize the loss of insurers caused due to fraud claims. Established in 1985, the NHCAA (National Health Care Anti-Fraud Association) is a leading national organization that aims to combat healthcare fraud. With the rising initiatives like Medicare, Medicaid and other healthcare programs, coupled with the presence of better healthcare infrastructure, the US healthcare fraud analytics and detection market is anticipated to display immense growth over the years.
The Canadian Life and Health Insurance Association is creating consumer awareness regarding health and dental benefits fraud. This organization accounts for over $860 billion in assets in the country, employing over 155,000 people in Canada. As per the data it has collected, the fraudulent claims range from 2% to 10%, which means, per year, around $600 million to $3.4 billion are being stolen. Thus, the increasing awareness by the associations and growing incidents of healthcare frauds are likely to fuel the demand for healthcare fraud detection solutions, resulting in the growth of the studied market.
DXC Technology is a company implementing digital transformations for companies, by integrating mainstream IT with digital solutions for better business outcomes. The company was established in 2017, with the merger of two companies, namely, CSC and the Enterprise Services business of Hewlett Packard Enterprise. It is headquartered in Virginia, US. Fraud Analytics Suite is a product provided by the company that can help in identifying suspicious claims.
Some corporations involved in the healthcare fraud analytics and detection market are EXL, Pondera Solutions, Change Healthcare, Cotiviti Inc, OSP Labs, RELX Group Plc, Intelligent Business Machines Corporation, McKesson Corporation, Northrop Grumman Corporation, DXC Technology Company, Fair Issac Corporation, SAS Institute Inc, UnitedHealth Group (Optum Inc) and CGI Inc.