According to a new report published by UnivDatos Markets Insights, the computer assisted coding market was valued at USD 450 million in 2021 & is expected to grow at a CAGR of 11.0% from 2022-2028. The analysis has been segmented into Product (Software [Standalone Software, Integrated Software], Services); By Mode of Delivery (Web-Based Solutions, On-Premises Solutions, Cloud-Based Solutions); By Application (Automated Computer-Assisted Encoding, Management Reporting & Analytics, Clinical Coding Auditing); By End User (Hospitals, Academic Medical Centers, Clinical Laboratories And Diagnostic Centers, Other); Region/Country.
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The computer assisted coding market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the computer assisted coding market. The computer assisted coding market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the computer assisted coding market at the global and regional levels.
Key Market Dynamics
At present, there is a growing trend of saving money on energy bills and natural resource conservation. Owing to this increasing regulatory requirements for patient data management have placed an increasing emphasis on the accuracy and integrity of patient data, resulting in the growth of computer-assisted coding (CAC) solutions. CAC solutions are used to automate the coding process aimed at protecting patient privacy and ensuring the security and accuracy of patient data, which is critical for regulatory compliance. For instance, the Health Insurance Portability and Accountability Act (HIPAA) establishes standards for privacy, security, and electronic transmission of protected health information (PHI). Approximately 97% (316,761) of the US population had their medical information complaints resolved between 2003 and 2023. Moreover, the healthcare industry is facing a shortage of qualified coders, which is driving the demand for CAC. In addition, CAC systems help providers reduce costs by improving coding accuracy and reducing the need for manual coding. This increases productivity and expedites redemption. This is essential in today's healthcare environment.
COVID-19 Impact
The COVID-19 pandemic has paralyzed industries and disrupted manufacturing. The pandemic has increased the demand for medical services and consequently increased the amount of medical coding required. This drives the need for more accurate and efficient coding, driving demand for computer assisted coding (CAC) solutions. The pandemic has put financial pressure on healthcare providers, driving a focus on cost savings and efficiency.
The global computer assisted coding market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· By product, the market is segmented into software and services. The software segment is sub-segmented into standalone software and integrated software. Among these, standalone software held a significant share of the computer assisted coding market in 2021.
· On the basis of mode of delivery, the market is segmented into web-based solutions, on-premises solutions, and cloud-based solutions. Among these, on-premises solutions are expected to grow with a significant CAGR during the forecast period.
· Based on application, the market is segmented into automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing. As per our analysis, automated computer-assisted encoding held a major share of the market in 2021.
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Computer assisted coding Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
North America dominated the computer-assisted coding market in 2021 due to the high investments in healthcare by the private sector and government. Considering the rapid growth prospects of the region in every aspect, growth is mainly attributed to the rising investment by governments and private sector organizations in the development and deployment of healthcare technologies. For instance, in April 2021, Cerner Corporation announced that it has acquired Kantar Health, for USD 375 million in cash which is subject to adjustment. Therefore, the growing demand for CAC solutions that can improve the accuracy and efficiency of clinical data coding in hospitals and compliance with regulatory requirements related to coding and billing.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the computer assisted coding market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
· In August 2022, Reveleer, announced the launch of Reveleer for Risk 2.0. (Risk 2.0), the innovative and only end-to-end cloud-based platform for clinical data collection and coding of national health plans.
· In March 2023, CodaMetrix, an AI-powered platform for healthcare revenue cycle management, secured USD 55 million in Series A funding led by SignalFire.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the computer assisted coding market?
• Which factors are influencing the computer assisted coding market over the forecast period?
• What are the global challenges, threats, and risks in the computer assisted coding market?
• Which factors are propelling and restraining the computer assisted coding market?
• What are the demanding global regions of the computer assisted coding market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
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The new research report titled "Computer Assisted Coding Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the computer assisted coding market include 3M, Cerner Corporation, TruCode LLC, Artificial Medical Intelligence, Optum, Inc., lpha II LLC., ID GmbH & Co. KGaA, ZyDoc, Coding Strategies, Patient Code Software.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Computer Assisted Coding Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/computer-assisted-coding-market/download-sampleMarket DynamicsThe growing utilization of CAC solutions to curtail the rising healthcare costs and high implementation of EHR systems worldwide are the primary factors driving the computer-assisted coding market.
The ever increasing regulatory requirement for patient data management is contributing to the computer-assisted coding market's growth.
The computer-assisted coding market is expanding with the emergence of new products and applications.
These computer assisted coding solutions being used in many applications such as automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing.What the Computer Assisted Coding Market Looks Like?Predicted to grow at a CAGR of 11.5% during the forecast period, the global Computer Assisted Coding Market is estimated to reach USD 4.75 Billion by the end of 2022.
The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the growing demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures.Implementation of ICD-10 Drive the Global Computer Assisted Coding MarketMany hospitals, especially in North America, are adopting CAC systems to manage the increasing load of coding resulting from the adoption of ICD-10 standards.
Major health plans like Medicare have reported a smooth transition to ICD-10 due to rigorous testing for over six years.
The ICD-10 coding system requires the use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 codes, respectively, in the ICD-9 system.
The implementation of CAC systems can resolve this issue as they enable healthcare organizations to work more efficiently while complying with procedural coding standards as per ICD-10 guidelines.
The Report published on UpMarketResearch.com about “Medical Computer Assisted Coding Solutions Market” is spread across 100 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the market.Get Free Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/6966 Medical Computer Assisted Coding Solutions Market Research Report is a professional and in-depth study on the current state which focuses on the major drivers and restraints for the key players.
Medical Computer Assisted Coding Solutions Industry research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
The report begins with the overview of the Medical Computer Assisted Coding Solutions market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.In Medical Computer Assisted Coding Solutions Market Report, there is a healthy amount of coverage of the market economies such as the demand and supply, cost and profit of the Medical Computer Assisted Coding Solutions Market.
This holds key importance for users and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.The report compiles exhaustive information obtained via proven research methodologies and from trusted sources within the industries.Buy this report @ https://www.upmarketresearch.com/buy/medical-computer-assisted-coding-solutions-marketThe report segments the Global Medical Computer Assisted Coding Solutions market as:Regional Segment Analysis (Regional Consumption Volume, Consumption Volume, Revenue and Growth Rate 2018- 2025):North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa)Product Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2018- 2025):Standalone Computer Assisted Coding SoftwareIntegrated Computer Assisted Coding SoftwareApplication Segment Analysis (Consumption Volume and Market Share 2018- 2025; Downstream Customers and Market AnalysisHospitalsPhysician PracticesClinical LaboratoriesAcademic Medical CentersOthersKey Players/Competitor Segment Analysis (Company and Product introduction, Medical Computer Assisted Coding Solutions Market Sales Volume, Revenue, Price and Gross Margin) 3M CompanyOptum, Inc.Nuance Communications, Inc.Cerner CorporationMckesson CorporationDolbey Systems, Inc.Artificial Medical Intelligence, Inc.Craneware PLC.Athenahealth, Inc.Streamline Health Solutions, Inc.TrucodeMmodalQuest Diagnostics IncorporatedEPIC Systems CorporationPrecyse Solutions, LLC (Nthrive, Inc.)In this study, the years considered to estimate the market size of Medical Computer Assisted Coding Solutions are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025The Report covers in-depth analysis as follows:Chapter 1 Report OverviewChapter 2 Global Growth TrendsChapter 3 Market Share by Key PlayersChapter 4 Breakdown Data by Type and ApplicationChapter 5 United StatesChapter 6 EuropeChapter 7 ChinaChapter 8 JapanChapter 9 Southeast AsiaChapter 10 IndiaChapter 11 Central & South AmericaChapter 12 International Players ProfilesChapter 13 Market Forecast 2018-2025Chapter 14 Analyst's Viewpoints/ConclusionsChapter 15 AppendixFor more information @ https://www.upmarketresearch.com/home/enquiry_before_buying/6966Key Reasons to Purchase:To gain insightful analyses of the market and have a comprehensive understanding of the Medical Computer Assisted Coding Solutions and its commercial landscape.Assess the Medical Computer Assisted Coding Solutions production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the Medical Computer Assisted Coding Solutions market and its impact on the global market.Learn about the market strategies that are being adopted by your competitors and leading organizations.To understand the future outlook and prospects for Medical Computer Assisted Coding Solutions MarketCustomization of the Report:UpMarketResearch provides free customization of reports as per your need.
The‘Global Computer Assisted Coding Market Report’ is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The report segments the computer assisted coding market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.Request a FREE Sample Copy of Global Computer Assisted Coding Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/computer-assisted-coding-market/download-sampleBy ProductSoftware ( Standalone Software, Integrated Software )ServicesBy Mode of DeliveryWeb and Cloud BasedOn-PremiseBy ApplicationAutomated Computer-Assisted EncodingManagement Reporting and AnalyticsClinical Coding AuditingBy End UserHospitalsClinical Laboratories and Diagnostic CentersOthersBrowse Full Global Computer Assisted Coding Market Research Report With TOC At: https://www.valuemarketresearch.com/report/computer-assisted-coding-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the computer assisted coding market include 3M, Cerner Corporation, TruCode LLC, Artificial Medical Intelligence, Optum, Inc., lpha II LLC., ID GmbH & Co. KGaA, ZyDoc, Coding Strategies, Patient Code Software.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for computer assisted coding market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Further, the report focuses on demand for individual application segment across all the prominent regions.Purchase complete Global Computer Assisted Coding Market Research Report At: https://www.valuemarketresearch.com/contact/computer-assisted-coding-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.Contact:Value Market Research401/402, TFM, Nagras Road, Aundh, Pune-7.Maharashtra, INDIA.Tel: +1-888-294-1147Email: [email protected]: https://www.valuemarketresearch.com
This report studies the Computer Assisted Coding (CAC) Systems Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete Computer Assisted Coding (CAC) Systems Market analysis segmented by companies, region, type and applications in the report.
The report offers valuable insight into the Computer Assisted Coding (CAC) Systems market progress and approaches related to the Computer Assisted Coding (CAC) Systems market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Top Key Players: 3M Health Information Systems,OptumInsight,McKesson,Nuance Communications,Cerner,Dolbey Systems.Get a Free Sample: https://www.reportsandmarkets.com/sample-request/global-computer-assisted-coding-cac-systems-market-2472482?utm_source=techsite_medium=14The global Computer Assisted Coding (CAC) Systems market segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Computer Assisted Coding (CAC) Systems market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2021-2027.Market Segment by Regions, regional analysis coversNorth America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia etc.
