Computer Assisted Coding Market Size, Share, Demand, Future Growth, Challenges and Competitive Outlook Report

Computer Assisted Coding Market business report is a wonderful guide to achieve an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. Competitive analysis carried out in this market report puts forth the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The key research methodology that has been employed here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Data Bridge Market Research analyses that the computer assisted coding market which is USD 4.65 billion in 2022, is expected to reach USD 13.08 billion by 2030, at a CAGR of 13.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Recent Developments

• In 2022, Oracle acquired Cerner Corporation, a provider of digital information systems used within hospitals to enable medical professionals to provide better healthcare.
• In 2021, 3M Company launched a new technology platform that allows healthcare providers and payers to prioritize care and allocate resources for high-risk individuals and patient populations. 3M social determinants of health analytics (3M SDoH) integrates clinical, social, and population health data to provide a comprehensive picture of patient health.

“Increasing need for accurate and efficient coding surge market demand”

The increasing need for accurate and efficient coding in the healthcare industry is driving the adoption of computer-assisted coding systems. With the complexity of medical coding and the exponential growth of healthcare data, manual coding processes are prone to errors and inefficiencies. Computer-assisted coding systems leverage advanced technologies, such as natural language processing and machine learning, to automate coding tasks, ensuring accuracy and efficiency in the coding process while reducing the burden on coding professionals.

What restraints the growth of the computer assisted coding market?

“Cost implications can impede the market growth”

The upfront costs involved, such as software licenses, hardware infrastructure, training, and ongoing maintenance, can be substantial. This poses a challenge for smaller healthcare organizations or those with limited budgets, as the investment required may exceed their financial capabilities. The cost barrier could hinder their ability to adopt and maintain computer-assisted coding systems, limiting their access to the potential benefits and efficiencies offered by this technology.

Some of the major players operating in the computer assisted coding market are:

• 3M (U.S.)
• Optum Inc. (U.S.)
• Nuance Communications, Inc. (U.S.)
• MCKESSON CORPORATION (U.S.)
• Cerner Corporation (U.S.)
• Dolbey (U.S.)
• The Craneware Group (U.K.)
• Artificial Medical Intelligence (U.S.)
• TruCode LLC (U.S.)
• Streamline Healthcare Solutions (India)
• Epic Systems Corporation (U.S.)
• athenahealth, Inc. (U.S.)
• iMedX Inc. (U.S.)

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 Computer Assisted Coding Market Scope

Product

• Software
• Standalone software
• Natural language processing software
• Structured input software
• Integrated software
• Services
• Support
•  Maintenance and education and training

 Mode of Delivery

• Web-Based Solutions
• On-Premise Solutions
• Cloud-Based Solutions

 Application

• Automated Computer-Assisted Encoding
• Management Reporting and Analytics
• Clinical Coding Auditing

 End User

• Hospitals
• Physician Practices
• Academic Medical Centers
• Clinical Laboratories
• Diagnostic Centers
• Other

 What benefits does the DBMR study is going to provide?

• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

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