The fraud detection systems market in Asia is estimated to grow to around $268.0 million by 2018.

Topics: Economics, Workflow, Workflow technology Pages: 2 (409 words) Published: October 17, 2014
The Asian Fraud Detection Systems report defines and segments the concerned market in Asia with analysis and forecast of revenue. The fraud detection systems market in Asia is estimated to grow to around $268.0 million by 2018, at a CAGR of 5.5% from 2013 to 2018. Browse through the TOC of the Asian fraud detection systems market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the market segmentation, and is supported by various tables and figures.

Fraud detection systems examine medically impossible procedures, services billed while the patient is hospitalized, non-covered services that were paid, provider billing errors, provider up-coding and miscoding, and duplicate services across providers and claim types. Healthcare organizations in the Asian region are actively moving towards digitization to ensure patient safety and care, and streamline the entire workflow system in large healthcare enterprises. The Asian healthcare workflow systems market such as fraud detection systems is growing at a fast rate. The growth of this market is attributed to a number of favorable factors such as reduction in cost with installation of healthcare IT systems, increasing focus of major market players in emerging economies, and increasing aging population leading to rise in incidences of diseases, therefore stimulating the demand of workflow solutions in this region. Also, the penetration for general insurance and in turn healthcare insurance is increasing in the Asian region.

Fraud detection systems assist in reducing errors, which drives the market growth. Workflow solutions help the payer reduce efforts for repeated tasks and streamline the process. This market is segmented and forecast on the basis of components and deployments of the fraud detection systems market in the Asian region. The components comprise hardware, software, and services, and the...
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