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2019 Medical Coding Market New Upcoming Trends and Emerging Opportunities in Healthcare IT Industry by 2027 - Oracle, Parexel, Precyse Solutions, Verisk Analytics, STARTEK Health

06-28-2019 07:29 AM CET | Health & Medicine

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

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.

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.

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

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Report Highlights:

-The report provides a detailed analysis on current and future market trends to identify the investment opportunities
-Market forecasts till 2027, using estimated market values as the base numbers
-Key market trends across the business segments, Regions and Countries
-Key developments and strategies observed in the market
-Market Dynamics such as Drivers, Restraints, Opportunities and other trends
-In-depth company profiles of key players and upcoming prominent players
-Growth prospects among the emerging nations through 2027
-Market opportunities and recommendations for new investments.

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.

The medical coding market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

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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MEDICAL CODING MARKET LANDSCAPE
1. MARKET OVERVIEW
2. MARKET SEGMENTATION
2.1. Medical Coding Market - By Classification System
2.2. Medical Coding Market - By Component System
2. Medical Coding Market - By Region
2.1. By Country
PEST ANALYSIS
1. North America - PEST Analysis
2. Europe - PEST Analysis
Asia Pacific - PEST Analysis
4. Middle East and Africa - PEST Analysis
5. South and Central America- PEST Analysis

MEDICAL CODING MARKET - KEY INDUSTRY DYNAMICS
1. KEY MARKET DRIVERS
2. KEY MARKET RESTRAINTS
3. KEY MARKET OPPORTUNITIES
FUTURE TRENDS
5. IMPACT ANALYSIS

INDUSTRY LANDSCAPE
1. ORGANIC GROWTH STRATEGIES
1.1. New Product Launches
1.2. Marketing & Promotional Activities
2. INORGANIC GROWTH STRATEGIES
2.1. Partnerships, Collaborations, and Joint Ventures
2.2. Mergers & Acquisitions

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.

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

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.

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