Triton Market Research, in its report on the healthcare fraud analytics and detection market in the Asia-Pacific region, states that it will grow at a CAGR of 24.12% in the forecasted period 2019-2028.
The countries studied in the Asia-Pacific healthcare fraud analytics and detection market are:
• South Korea
• China
• ASEAN countries
• Japan
• India
• Australia & New Zealand
• Rest of APAC countries
There is a tremendous increase in fraudulent activities in the Asia-Pacific region owing to growing penetration of the internet, increasing mobile data usage and the growing trend of adopting BYOD (bring your own device) in organizations. It is reported that China has adopted disciplinary systems for clinics, hospitals and pharmacists found overcharging their services. The disciplinary actions may include fines, approval and others. The welfare law implemented recently in the country is likely to scale back the rate of frauds significantly. This law brings different medical insurance benefits under one roof and implements anti-fraud measures. Since the medical insurance fraud is widely spread in China, there is a high potential for growth in the healthcare fraud analytics and detection market in the country.
The healthcare system in Japan is characterized by a universal insurance scheme, in which participants can choose better healthcare facilities at a comparably low price. This healthcare system is available to all Japanese citizens, and also the non-Japanese citizens who have been residing in the country for more than a year. The growing healthcare industry indicates an increased adoption of the healthcare fraud analytics and detection market in the country over the coming years.
CGI Group Inc is an information technology services provider. The company offers services such as systems integration, business consulting and IT outsourcing. It has its business operations in different regions, including the Asia-Pacific. CGI Proper Pay is a product provided by the company that aids in detecting enterprise-wide fraud, waste and abuse (FWA) and thus helps companies predict fraud medical and pharmacy claims.
A few companies in the healthcare fraud analytics and detection are Huawei Technologies Co Ltd, Vodafone Group, Verizon, MediaTek Inc, Orange, Cisco Systems Inc, Intel Corporation, Nokia, AT&T Intellectual Property, Samsung, Qualcomm Technologies Inc and NTT Docomo Inc.