Medical Coding Booming Segments; Investors Seeking Growth | Major Giants Optum, nThrive, Oracle, Aviacode

Growing requirement for a universal language in medical documents for streamline hospital billing processes will help to reboots global medical coding market. Medical coding is the process of creation of proper record of patient care, accelerate payments to physicians, streamline the medical billing process and identify healthcare areas that require focus. Additionally, it is the transformation of healthcare processes, equipment, medical facilities, and analysis into universal medical alphanumeric codes. The main task of a medical coder is to evaluation clinical statements and allocate standard codes using Current Procedural Terminology (CPT), Tenth Revision, Clinical Modification (ICD-10-CM), and International Classification of Diseases and Healthcare Common Procedure Coding System (HCPCS) Level II classification systems. According to AMA, the Global Medical Coding market is expected to see growth rate of 10.0%.

AMA Research published a new research publication on "Global Medical Coding Market Insights, to 2025" with 150+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Medical Coding market was mainly driven by the increasing R&D spending across the world, however latest COVID scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are STARTEK Health (United States), Aviacode, Inc. (United States), Parexel International Corporation (United States), Maxim Health Information Services (United States), Precyse Solutions, LLC (United States), Medical Record Associates LLC. (United States), Oracle Corporation (United States), Verisk Analytics (United States), 3M Company (United States), nThrive, Inc. (United States) and Optum (United States).

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Market Trend
• Growth in Implementation of IT in Healthcare Settings
• Fueling Demand for Universal Language in Medical Documents In Order To Streamline Hospital Billing Procedures

Market Drivers
• Rising Occurrence of Insurance Frauds and Insurance Issues Associated With Misinterpretation of Medical Documents
• Escalating Demand for Coding Services, Coupled With the Aforementioned Factors

Opportunities
• Escalating Demand for World-Class Healthcare Services in Developing Regions
• Increasing Number of Coders

Restraints
• Rising Cyber Threat and Insecurity among Healthcare Providers and Patients

Market Competition
This report covers the recent COVID-19 incidence and its impact on Global Medical Coding Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity like merger & Acquisitions, JVs, Product launch etc. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Medical Coding Market. The study highlights how competition will change dynamics in the coming years and why players are preparing themselves to stay ahead of the curve.

According to the Regional Segmentation the Medical Coding Market provides the Information covers following regions:
*North America
*South America
*Asia & Pacific
*Europe
*MEA (Middle East and Africa)

The key countries in each region are taken into consideration as well, such as United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Extracts from Table of Contents
Chapter 1: Medical Coding Market Overview
Chapter 2: Global Medical Coding Market Share and Market Overview
Chapter 3: Medical Coding Market Manufacturers/Players Analysis
3.1 Market Concentration Rate
3.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
3.3 Heat Map Analysis
3.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
3.5 Company Profile - Business Distribution by Region, Interview Record, Business Profile, Product/Service Specification, Price, Revenue and Gross profit 2017-2019
3.6 Price Benchmarking (2017-2019)
Chapter 4: Global Medical Coding Market Segmentation (Country Level Breakdown) (2014-2025)
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands, Poland and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Chapter 5: Global Medical Coding Market Breakdown by Segments (by Classification (International Classification of Diseases (ICD), Healthcare Common Procedure Coding System (HCPCS), Others), Mode (Out-Sourced, In-House), Service (Hospital/Inpatient Coding, Medical Coding Audits, Others), End User (Hospitals, Insurance Companies, Government Organizations, Others))
5.1 Global Medical Coding Market Segmentation (Product Type) Market Size 2014-2025
5.2 Different Medical Coding Price Analysis by Product Type (2014-2025)
5.3 Global Medical Coding Market Segmentation (Product Type) Analysis
5.4 Global Medical Coding Market by Application/End users Market Size 2014-2025
5.5 Global Medical Coding Market Segmentation (other segments) Analysis
Chapter 6: Methodology/Research Approach, Data Source, Disclaimer

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