Fair, Isaac and Company (FICO), Conduent Inc.- Notable Market Players in Healthcare Fraud Analytics Market
Healthcare fraud is a kind of white-collar crime that includes the filing of dishonest health care claims to turn a profit. The majority of health care fraud is committed by organized crime groups and a small minority of fraudulent health care providers. The most common types of health care fraud include billing for more expensive services or procedures, misrepresenting non-covered treatments, insurance frauds, and others.
Market leaders operating in the market have undertaken various organic growth strategies in the Healthcare fraud analytics Market. The healthcare fraud analytics market majorly consists of the players such as Conduent Inc., DXC Technology, Scioinspire, Corp., FICO, Optum, Inc., SAS Institute, Pondera Solutions, Lexisnexis Risk Solutions, Whitehatai, and Cotiviti, Inc. among others. Several organic approaches, such as product launches, and expansion/relocation in the Healthcare fraud analytics Market, have resulted in the positive growth of the market. Product launches help the company to strengthen its product offering and the customer base, which allows the company to hold a strong position in the market. Similarly, utilizing expansion activities, it is easy to venture into untapped economies and use the opportunities being offered.
Below is the list of the growth strategies done by the players operating in the healthcare fraud analytics market:
|
Year |
News |
|
Feb-20 |
LexisNexis Risk Solutions, part of RELX, entered into an agreement to acquire Emailage, a global provider of fraud prevention and risk management solutions. This acquisition will enhance the LexisNexis Digital Identity Network, which analyzes an average of 39.9 billion transactions annually to provide organizations with actionable insight into the world’s rapidly changing threat landscape |
|
Feb-20 |
LexisNexis Risk Solutions announced that it has closed the acquisition of ID Analytics, the San Diego-based provider of fraud and credit risk solutions. |
|
Nov-19 |
FICO acquired EZMCOM, an organization that shields users, data, and applications from identity theft, account takeover, and breaches. EZMCOM products will be added to the FICO Platform as FICO Identity Proofing and FICO Authentication Suite. |
|
Nov-19 |
SAS Identity Enrichment and Assessment will soon debut as a software-as-a-service (SaaS) offering powered by SAS Analytics. It harnesses the deep intelligence of consortium data to deliver rapid, centralized authentication of digital users. |
|
Sep-19 |
FICO Falcon X, announced at Finovate conference in New York, delivers groundbreaking artificial intelligence (AI) and machine learning technology aimed at limiting new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments |
