According the report, Advanced analytics with embedded AI capabilities optimize the detection, management and prevention of payment integrity issues. is one of the primary growth factors for the market. Growing account receivables and increasing bad debts among hospitals and health systems and the need to mitigate money laundering and CTF activities are the key factors fuelling the demand for the market.
is also expected to contribute significantly to the Transaction Monitoring for Healthcare market. Overall, AML
applications of Transaction Monitoring for Healthcare, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Transaction Monitoring for Healthcare market identified that the demand is rising in many different parts of the world as "Integration of AI, Machine Learning, and Big Data Analytics
". Furthermore, some recent industry insights like "On February 11, 2016, Bottomline Technologies, a leading provider of financial technology has announced that it’s Healthcare Privacy and Data Security solution has expanded capabilities that enable hospitals to better protect themselves and their patient's data from the growing threat posed by the misuse of valid user credentials." is constantly making the industry dynamic. One of the challenges that industry facing is "Problem of Managing Cross-Border and Multi-Jurisdictional AML Compliance"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Transaction Monitoring for Healthcare market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Transaction Monitoring for Healthcare market and other related sub-markets covered in the study.
o Key & emerging players in the Transaction Monitoring for Healthcare market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Transaction Monitoring for Healthcare market size is calculated using market estimation process, the Transaction Monitoring for Healthcare market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Transaction Monitoring for Healthcare market size has been validated using both top-down and bottom-up approaches.