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Medical Coding Market Comprehensive Analysis by Top Key Players - Maxim Health Information Services, Medical Record Associates, Oracle Corporation, Parexel International Corporation, Precyse Solutions

02-13-2019 11:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

North America dominated the medical coding market by capturing the largest revenue share. High adoption rate of advanced healthcare solutions in routine hospital operations and availability of a large number of medical coding solution providers are factors expected to aid in maintaining the dominance of the region throughout the forecast period. Moreover, Asia Pacific is expected to witness significant growth in the global medical coding market owing to developing healthcare facilities among emerging economies such as China, India, Malaysia, Thailand and others as well as the booming medical tourism in the region.

Medical Coding Market to 2027 - Global Analysis and Forecasts By Classification System [Healthcare Common Procedure Coding System (HCPCS) and International Classification of Diseases (ICD)], Component System (Outsourced and In-House), and Geography

Rising occurrence of insurance frauds and insurance issues associated with misconstrue of medical documents is driving demand for medical coding services, especially in developed countries. Frequent revision of classification systems, coupled with increasing adoption of coding and billing procedures in hospital revenue cycle management is leading to generate significant growth opportunities for the players in the medical coding market during the forecast period.

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The medical coding market report also includes the profiles of key medical coding manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

1. Aviacode, Inc.
2. Maxim Health Information Services
3. Medical Record Associates LLC.
4. Oracle Corporation
5. Parexel International Corporation
6. Precyse Solutions, LLC.
7. Verisk Analytics
8. STARTEK Health
9. Outsource Strategies International
10. Genpact

Medical coding is the eversion of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. The diagnoses and procedure codes are taken from medical record documentation, such as transcription of physician's notes, laboratory and radiologic results, etc. Medical coding professionals help ensure the codes are applied correctly during the medical billing process, which includes abstracting the information from documentation, assigning the appropriate codes, and creating a claim to be paid by insurance carriers.

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Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Medical Coding market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The "Global Medical Coding Market Analysis to 2027" is a specialized and in-depth study of the healthcare IT industry with a focus on the global market trend. The report aims to provide an overview of global medical coding market with detailed market segmentation by classification system, and component system. The global medical coding market is expected to witness high growth during the forecast period. The medical coding market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global medical coding market is segmented on the basis of classification system, component system. On the basis of classification system, the medical billing market is segmented into healthcare common procedure coding system (HCPCS) and international classification of diseases (ICD). Based on component system, the medical coding market is segmented as, outsourced and in-house.

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

Contact us -
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com

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