Healthcare Computer Assisted Coding Market is projected to grow up to 11.7% CAGR during the forecasti...

Computer Assisted Coding Market is projected to grow up to 11.7% CAGR during the forecasting period 2021-2027.

A Computer-Assisted Coding System is software that analyses health-care records and generates a particular keyword for specific phrases and words. These keywords given by (CACS) will assist in increasing efficiency and reducing the administrative person's waiting time. The main goal of computer-assisted coding software is to reduce errors and increase the productivity of the healthcare facility. Tools, Standalone software, Structured input software, Integrated Software, Utilities, Support and maintenance, and Education and skills are some of the goods and services provided by computer-assisted coding. It's used in things like automated computer-assisted coding, leadership data analytics, and clinical coding auditing. The market for computer-assisted coding is increasing as new products and applications are introduced. Automated computer-assisted coding, administrative reporting and analytics, and clinical coding auditing are only a few of the applications for these computer-assisted coding solutions.

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Key Driving Factors: Global healthcare infrastructure is rapidly improving, and insurance premiums are rising:

Organizations, both private and governmental, are tightening their reimbursement policies. These aim to reduce the population's ever-increasing healthcare costs, which is fueling the demand for computer-assisted coding systems. Public health agencies, such as the Medicare and Medicaid Incentive Program in the United States, take steps to encourage doctors, nurses, and hospitals who are eligible to use licenced electronic health record (EHR) programmes to implement and use them. The use of such systems exponentially increases the amount of standardised, virtually error-free clinical data, resulting in simpler scanning, authentication, quicker medical billings, and a higher return on investment.

This report offers the major market player’s profiles, such as 3M Health Information Systems (US), Optum (US), McKesson Corporation (US), Nuance Communications (US), Cerner Corporation (US), Dolbey Systems (US), Precyse Solutions (nThrive) (US), Craneware (UK), Artificial Medical Intelligence (US), and TruCode (US), Quest Diagnostics (US), Streamline Health Solutions (US), M-scribe Technologies (US), eZDI Inc. (US), Alpha II LLC. (US), ID GmbH & Co. KGaA (Germany), ZyDoc (US), Coding Strategies (US), Patient Code Software (US), and Flash Code (US)

Opportunities: Increased EHS Implementation:

The adoption of EHS in healthcare organisations has a positive effect on the global computer-assisted coding industry, as clinical data obtained in digital form by EHS systems will assist CAC systems in working more efficiently.

By End User:

The sector is divided into Hospitals, Physicians, Academic Medical Centers, Clinical laboratories and Testing Centers, and Other Healthcare Providers, depending on the end-user. The hospital sector dominated the global computer-assisted coding industry. The successful and widespread implementation of computer-assisted coding to minimise healthcare delivery costs while ensuring compliance is primarily responsible for the hospital segment's high growth rate.

The Computer Assisted Coding Market report has been categorized as below

By Product & Service

  • Computer-assisted coding solutions
  • Standalone computer-assisted coding software
  • Integrated computer-assisted coding software
  • Computer-assisted coding services
  • Support & maintenance services
  • Education & training Services

By Mode Of Delivery

  • Web-based
  • Cloud-based
  • On Premises

By Application

  • Automated computer-assisted encoding
  • Management reporting & analytics
  • Clinical code auditing

By End User

  • Payers
  • Providers
  • Hospitals
  • Physicians/Clinics
  • Clinical laboratories & diagnostic centers
  • Academic medical centers
  • Other healthcare institutions

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : May-2021