Global Computer Assisted Coding Market Specifics & Future Expectations Analyzed till 2025

Market Highlights:

Hospitals need to manage and store a large quantity of patient’s medical record in its system. These medical records contain patient’s personal data and treatment history which is documented in a proper manner. The document is used by administrative staff for billing purpose during patient’s discharge from hospital. Thus, the handling and preservation of records is a tedious work for administrative person in hospital. However, with the introduction of information technology, these medical records are now being recorded in digital form and are stored in a computer. However, the time taken by an administrative person to extract appropriate information from the document is more as the person needs to read the whole document carefully. Computer assisted coding software aims to resolve this issue by analyzing the medical record or document for specific keywords. The keywords are analyzed by comparing the document data with available database. Thus, computer assisted coding software provides appropriate keyword to the administrative person or coder who can use it for billing purpose.

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Market Outlook:

Computer assisted coding software uses structured input or natural language processing (NLP) technology for document processing. 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. It can be used by billing personnel, compliance officers and auditors to verify document in healthcare industry. Today, computer assisted coding software is available in cloud-based and on-premise types depending upon the hospital requirement.

The rapid adoption of electronic health record (EHR) in many healthcare facilities is creating demand for computer assisted coding market. Computer assisted coding software can be used for insurance claim reimbursement in healthcare sector. Computer assisted coding software will see more adoption in healthcare facilities due to the adaptation of ICD-10 coding in coming years. 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). ICD-10 contains codes for diseases, abnormal findings, symptoms, complaints, social circumstances and causes of injury or diseases. This is used by computer assisted coding software as a coding database.

Top Industry Players:
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.)

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Market Segments:
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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This release was published on openPR.