What is the Factors Responsible for the Growth of “Global Computer Assisted Coding Market”?? In-depth study of the Market with growth factors, Uses, Applications, Trends and Forecasts

The report “Global Computer Assisted Coding Market by Manufacturers, Regions, Type and Application” highlights key dynamics of Computer Assisted Coding sector. The potentiality of this sector has been examined along with the significant challenges and growth opportunities. The present market scenario and future predictions of the sector has also been studied in-depth in this report. The report also provides the key market players that are assessed on numerous parameters such as manufacturer’s summary, revenue generation, product portfolio, and sales analysis of Computer Assisted Coding segment in the forecast period. Also, this report involves major market drivers and restraints of the given market.

The factors expected to drive the growth of the market are increased regulatory requirements for patient data management, increasing implementation of EHR (electronic health records), and growing utilization of computer-assisted coding systems to curtail the soaring healthcare costs. The rapid growth in developing countries across APAC is also expected to provide an opportunity for revenue generation in the market. However, high implementation and maintenance expenses for computer-assisted coding and lack of IT professionals in the healthcare industry are expected to hinder the growth of the computer-assisted coding market to some extent.

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The Global Computer-Assisted Coding Market is accounted for $5.67 billion in 2018 and expected to grow at a CAGR of 16.8% to reach $8.58 billion by 2025. The market factors such as increasing utilization of CAC solutions to curtail the rising healthcare costs, growing focus on physician computer-assisted coding in outpatient settings, increasing implementation of Ehr Systems, rapid improvement in the global healthcare infrastructure are driving the market growth. However, High Implementation & Maintenance Costs and Lack of On-Site CAC Support and In-House CAC Domain Knowledge are restraining the market growth. Furthermore, natural language processing-enabled CAC solutions and growing adoption of cloud-based solutions are providing sizeable opportunity for the market growth.

The cloud-based solutions segment growth can be attributed to the advantage of its flexible, scalable, and affordable nature and additional advantage of a separate cloud for the client along with a public cloud server and easy access to information for users operating in different time zones and geographic locations. CD-10 has had a positive impact on reimbursement. ICD-10 coding system requires use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 in the ICD-9 system. ICD-10 is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems (ICD) list which is promoted by World Health Organization (WHO).

A computer-assisted coding system (CACS) is software that analyzes healthcare documents and produces appropriate medical codes for specific phrases and terms within the document. This helps to increase productivity and reducing process time of the administrative person or coder. Computer assisted coding software also helps in reducing errors and improving efficiency of healthcare facility. NLP applications work with clinical documentation practices which include unstructured text such as dictation, speech recognition, and transcription. New technology has evolved such as, the Fusion CAC which can increase productivity, identify problem in documentation and reduce variability for a faster return on investment. For instance, EMscribe(R) Computer-Assisted Coding (CAC) software generates medical codes directly from clinical documentation using AMI's innovative Natural Language Processing (NLP) technology.

This report studies the global Computer Assisted Coding market, analyzes and researches the Computer Assisted Coding development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
3M Company (U.S.)
Optum, Inc. (U.S.)
Nuance Communications, Inc. (U.S.)
Cerner Corporation (U.S.)
Artificial Medical Intelligence, Inc. (U.S.)
Dolbey Systems, Inc. (U.S.)
Precyse Solutions, LLC (U.S.)
Craneware plc (U.K.)
McKesson Corporation (U.S.)
Athenahealth, Inc. (U.S.)
Streamline Health Solutions, Inc. (U.S.)
MMODAL IP LLC (M*Modal) (U.S.)
TruCode (U.S.)
Quest Diagnostics Inc. (U.S.)
Epic Systems Corporation(U.S.)

Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

Market segment by Type, the product can be split into
Standalone
Integrated

Market segment by Application, Computer Assisted Coding can be split into
Hospitals
Physician Practices
Academic Medical Centers
Clinical Laboratories and Diagnostic Centers
Other Healthcare Providers

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Highlights of the report :

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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TOC :
Global Computer Assisted Coding Market Size, Status and Forecast 2025
1 Industry Overview of Computer Assisted Coding
1.1 Computer Assisted Coding Market Overview
1.1.1 Computer Assisted Coding Product Scope
1.1.2 Market Status and Outlook
1.2 Global Computer Assisted Coding Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Computer Assisted Coding Market by Type
1.3.1 Standalone
1.3.2 Integrated
1.4 Computer Assisted Coding Market by End Users/Application
1.4.1 Hospitals
1.4.2 Physician Practices
1.4.3 Academic Medical Centers
1.4.4 Clinical Laboratories and Diagnostic Centers
1.4.5 Other Healthcare Providers

2 Global Computer Assisted Coding Competition Analysis by Players
2.1 Computer Assisted Coding Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles
3.1 3M Company (U.S.)
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Computer Assisted Coding Revenue (Million USD) (2013-2018)
3.1.5 Recent Developments
3.2 Optum, Inc. (U.S.)
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Computer Assisted Coding Revenue (Million USD) (2013-2018)
3.2.5 Recent Developments
3.3 Nuance Communications, Inc. (U.S.)
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Computer Assisted Coding Revenue (Million USD) (2013-2018)
3.3.5 Recent Developments
3.4 Cerner Corporation (U.S.)
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Computer Assisted Coding Revenue (Million USD) (2013-2018)
3.4.5 Recent Developments
3.5 Artificial Medical Intelligence, Inc. (U.S.)
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Computer Assisted Coding Revenue (Million USD) (2013-2018)
3.5.5 Recent Developments

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