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Medical Coding Market New Study Reveals to Boost Growth | Leading Players - Dolbey, Oracle Corporation, Precyse Solutions LLC, STARTEK, Verisk Analytics

11-04-2020 06:00 PM CET | Health & Medicine

Press release from: Data Bridge Market Research Pvt. Ltd.

Medical Coding Market

Medical Coding Market

A market research analysis and estimations carried out in this Medical Coding Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background & steps to be followed for outdoing the rivals. Competitive landscape analysis is performed based on the prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global market considering the past, present & future state of the industry. The winning Medical Coding Market report underlines the global key manufacturers, to define, describe and analyze the market competition landscape with the help of SWOT analysis.

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To achieve success in the competition of global market place, going for this global Medical Coding Market research report is the key. The report strategically analyses the growth trends and future prospects. Moreover, this market report also provides strategic profiling of top players in the industry, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. Further, it presents the company profile, product specifications, production value, contact information of manufacturer and market shares for company. The comprehensive Medical Coding Marketing report identifies and analyses the emerging trends along with key drivers, challenges & opportunities in the industry.

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.

Get Full TOC, Tables and Figures of Market Report @ https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-coding-market&rp

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.

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

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.

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources

Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends

Chapter 3: Medical Coding Market Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape

Chapter 4: Medical Coding Market, By Region

Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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About Data Bridge Market Research :

Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.

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