The global demand for Computer Assisted Coding Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
A computer-assisted coding system (CACS) refers to software that analyzes healthcare documents. It generates relevant medical codes for definite phrases and terms within the document. Computer-assisted coding (CAC) can precisely generate medical codes directly from clinical documentation. Data interfaces are needed to provide clinical documentation into the medical coding software, and the billing system of the organization received the coded data. Health Information Management (HIM) professionals and departments are the primary users of computer-aided coding applications. CACS has several advantages over manual coding, including augmented productivity, improved compliance, increased ROI/Revenue, high efficiency in coding, and the reliable application of coding rules.
The 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. Also, the rising focus on physician computer-assisted coding in outpatient settings is positively impacting the growth of the Computer-Assisted Coding market. Moreover, the growing adoption of cloud-based solutions and technological advancements in Computer Assisted Coding technology is likely to provide profitable growth opportunities for key players of the Computer-Assisted Coding market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of
computer assisted coding.
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.
By Mode of Delivery
- Software ( Standalone Software, Integrated Software )
- Web and Cloud Based
By End User
- Automated Computer-Assisted Encoding
- Management Reporting and Analytics
- Clinical Coding Auditing
- Clinical Laboratories and Diagnostic Centers
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.
Europe Computer Assisted Coding Market by Revenue (USD MN)
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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.