Press release
Computer Assisted Coding Market Technological Advancements, Evolving Industry Trends and Insights By 2024
The document is used by administrative staff for billing purpose during patient’s discharge from hospital. Thus, the handling and preservation of records is a tedious work for administrative person in hospital.
However, with the introduction of information technology, these medical records are now being recorded in digital form and are stored in a computer. However, the time taken by an administrative person to extract appropriate information from the document is more as the person needs to read the whole document carefully.
Obtain Report Details:
http://www.transparencymarketresearch.com/computer-assisted-coding-market.html
Computer assisted coding software aims to resolve this issue by analyzing the medical record or document for specific keywords. The keywords are analyzed by comparing the document data with available database.
Thus, computer assisted coding software provides appropriate keyword to the administrative person or coder who can use it for billing purpose.
Computer assisted coding software uses structured input or natural language processing (NLP) technology for document processing. This helps to increase productivity and reducing process time of the administrative person or coder.
Computer assisted coding software also helps in reducing errors and improving efficiency of healthcare facility. It can be used by billing personnel, compliance officers and auditors to verify document in healthcare industry.
Today, computer assisted coding software is available in cloud-based and on-premise types depending upon the hospital requirement.
The rapid adoption of electronic health record (EHR) in many healthcare facilities is creating demand for computer assisted coding market. Computer assisted coding software can be used for insurance claim reimbursement in healthcare sector.
Computer assisted coding software will see more adoption in healthcare facilities due to the adaptation of ICD-10 coding in coming years. ICD-10 is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems (ICD) list which is promoted by World Health Organization (WHO).
ICD-10 contains codes for diseases, abnormal findings, symptoms, complaints, social circumstances and causes of injury or diseases. This is used by computer assisted coding software as a coding database.
The major challenge for computer assisted coding software is its high initial cost and the problem of adaptation by the hospital management. Hospitals consider it as an unnecessary investment and focus on improving other facilities.
Computer assisted coding software also have problem in processing handwritten notes for coding processes. This limits use of computer assisted coding software in traditional healthcare facilities were information technology is not yet implemented.
Developed economies such as North America and Europe will see a good demand for Computer Assisted Coding market in coming years. This is due to strict regulation norms adopted by the governments in developed economies.
Fill the form to gain deeper insights on this market:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16412
The demand for computer assisted coding software in developing countries such as China, India and Brazil is going to increase in coming years due to the increase in healthcare infrastructure.
Some of the key Computer Assisted Coding software providers are Cerner Corporation, MModal IP LLC, Optum Inc, PlatoCode LLC, QuadraMed Affinity Corporation, 3M Company, Artificial Medical Intelligence Inc, Craneware PLC, Mckesson Corporation, Dolbey Systems Inc, Optum Inc, Precyse Solutions, Nuance Communications Inc, and Trucode.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Computer Assisted Coding Market Technological Advancements, Evolving Industry Trends and Insights By 2024 here
News-ID: 516303 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Assisted
Global Artificial Lift Market Key Players, Sales, Mechanism (Pump Assisted, Gas …
The artificial lift market is projected to grow from an estimated USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% during the forecast period. The primary drivers of the market include rising demand for oil across the globe and the increasing need for maximizing the production potential of mature oil & gas fields.
"By mechanism, the pump assisted segment is estimated to lead the…
Ambient Assisted Living and Smart Home Market
As per the research conducted by GME, the Ambient Assisted Living and Smart Home Market will grow with a CAGR value of 17.3 percent by 2026. The increasing demand for ambient assisted living is primarily driven by advancements in technology relating to smart homes namely IoT and the emergence of interactive sophisticated infrastructure. Furthermore, the increasing need for regulated care for the elderly and disabled population is propelling the market.
Browse…
D.A.V.E. - the Digitally Assisted Visit Experience
To tackle new problems that insurers are facing at a time when face-to-face visits are contrary to global policies, 360Globalnet has built on its award-winning no-code technology to create D.A.V.E., an enterprise strength online system that replicates - and often improves on - the benefits of site visits without the associated costs or dangers.
In situations where an insurer - or any company that relies on site visits or interviews -…
Global Air-assisted Lateral Transfer Mattresses Market By Type (Disposable Air-a …
The Global Air-assisted Lateral Transfer Mattresses Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Air-assisted Lateral Transfer Mattresses Market report aims to provide an overview of Air-assisted Lateral Transfer Mattresses Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending…
Liposuction Market Report 2018: Segmentation by Product (Suction-Assisted Liposu …
Global Liposuction market research report provides company profile for Cynosure, Genesis Biosystems, AMD Global Telemedicine, Invasix Aesthetic Solutions, Ambicare, Sciton, Alma Lasers, Ambicare Clinics, Bruker, Cutera and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
Successful Pregnancy Through Assisted Reproductive Technology
According to Goldstein Research, increasing prevalence of infertility cases is triggered by a growing base of lifestyle induced disorders such as obesity and stress. Global Assisted Reproductive Technology Market Outlook includes treatment segment which is bifurcated into in vitro fertilization (IVF), GIFT (Gamete Intrafallopian Transfer), ZIFT (Zygote Intrafallopian Transfer), ICSI (Intracytoplasmic Sperm Injection), donor eggs, surrogacy. IVF is the mostly used owing to the theory behind this treatment is to…
