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Medical Coding Market 2020 Incredible Possibilities, Growth, Industry Study, Detailed Analysis with COVID-19 Impact Analysis, Leading Players - 3M, Aviacode, Dolbey, Oracle Corporation, Verisk Analytics, Optum
Medical Coding Market
Medical Coding Market business research report works best for systematic gathering, recording and analysis of data for the issues related to the marketing of goods to serve the industry with an excellent market research report. The analysis of this report underlines various segments that are relied upon to witness the quickest development based on the estimated forecast frame. This unique and excellent market report has been formulated by a team of keen analysts, skilled researchers and skilled forecasters who work strictly towards it. The global Medical Coding Market report is very beneficial for industry to reveal the best market opportunities and look after important information to efficiently reach towards success.
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Market Analysis: Global Medical Coding Market
Global medical coding market is expected to rise from its initial estimated value of USD 12.29 billion to an estimated value of USD 26.63 billion by 2026, registering a CAGR of 10.15% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing insurance frauds and misunderstandings related to medical documents.
Key Market Competitors:
Few of the major competitors currently working in the medical coding market are 3M, Aviacode Inc., Dolbey, Maxim Healthcare Services Inc, MRA Health Information Services, Oracle Corporation, PAREXEL International Corporation, Precyse Solutions LLC, STARTEK, Verisk Analytics, Inc., nThrive Inc, Nuance Communications, Inc., Optum Inc.
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Market Definition: Global Medical Coding Market
In medical coding the medical records and documentation such as physician’s notes, laboratory and radiologic results are taken and transcribed into codes. The task of the medical coding professionals is to ensure whether the codes are applied correctly or not. The steps involve abstracting the information from documentation, assigning the appropriate codes, and creating a claim to be paid by insurance carriers. Medical coding is transforming healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes.
Key Developments in the Market:
In November 2017, Aviacode announced there acquisition of a Hyderabad, India- based medical coding company so that they can get access to AAPC and AHIMA certified medical coders. This acquisition will help them to improve their business as they will generate more revenue. This will provide the players to have coding service delivery to meet their requirement with proven US-based coding management
In December 2018, Optum Bank announced that they have enhanced their data and analytics tools which will which help the accountholder to understand how to use their health savings account (HSA) savings so that they can pay for their healthcare costs. The main aim is to help people to save more so that they can use it for future.
Segmentation: Global Medical Coding Market
Medical Coding Market : By Classification System
International Classification of Diseases (ICD)
Healthcare Common Procedure Code System (HCPCS)
Medical Coding Market : By Component
In-house
Outsourced
Medical Coding Market : By End-User
Hospitals
Diagnostic Centers
Others
Medical Coding Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Medical Coding Market Reports - Table of Contents
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Medical Coding Market
4. Market Overview
4.1. Introduction
4.2. Overview
4.3. Market Dynamics
4.4. Porter’s Five Force Analysis
5. Key Insights
5.1. Technological Advancements
5.2. Pricing Analysis
5.3. Recent Developments
6. Global Medical Coding Market Analysis and Forecast, By Product
7. Global Medical Coding Market Analysis and Forecast, By Detector
8. Global Medical Coding Market Analysis and Forecast, By Technology
9. Global Medical Coding Market Analysis and Forecast, By Application
10. Global Medical Coding Market Analysis and Forecast, By End-user
11. Global Medical Coding Market Analysis and Forecast, By Region
12. North America Medical Coding Market Analysis and Forecast
13. Europe Medical Coding Market Analysis and Forecast
14. Asia Pacific Medical Coding Market Analysis and Forecast
15. Latin America Medical Coding Market Analysis and Forecast
16. Middle East & Africa Medical Coding Market Analysis and Forecast
17. Competitive Landscape
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