Product ID: UCMIG45C2078
Computer Assisted Coding Systems Market Size, Share, Growth Analysis, By Product(Software, Standalone software), By Mode of Delivery(Web-Based Solutions, On-Premise Solutions), By Application(Automated Computer-Assisted Encoding, Management Reporting and Analytics), By End User(Hospitals, Physician Practices), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45C2078 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Computer Assisted Coding Systems Market Insights
Market Overview:
The global market for computer-assisted coding systems is experiencing significant growth due to several factors, including the ease of medical coding, quick results, reduced coding errors, time savings in tracing medical records, and a decrease in healthcare expenditure. The continuous improvement in healthcare infrastructure globally and the implementation of insurance reimbursement policies by private and public organizations are contributing to the reduction of rising healthcare costs. Public healthcare organizations, such as the Medicare and Medicaid Incentive Program in the U.S., are promoting the adoption of certified electronic health record (EHR) systems by eligible physicians, clinicians, and hospitals. The use of such systems facilitates the generation of structured and accurate clinical documentation, simplifying tasks like electronic document scanning, validation, medical billing, and return on investment. The transition from ICD-9 to ICD-10 coding in October 2014 has also played a significant role in increasing coder productivity. With nearly eight times the number of codes available in ICD-9, the advanced technology enables the scanning of complex electronic documents with greater specificity.
Computer Assisted Coding Systems Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Computer Assisted Coding Systems Market Report Snapshots
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