(PharmaNewsWire.Com, July 10, 2019 ) The report "Computer Assisted Coding Market by Software (Natural Language Processing, Structured Input, Integrated Systems), Service (Support, Education & Training), Application (Automated Encoding, Clinical Coding Audit, Management Reporting) - Global Forecast to 2022", The global computer-assisted coding market is valued at USD 2.76 Billion in 2017 and is expected to register a CAGR of 11.5% to reach to USD 4.75 Billion by 2022.
Browse 202 Market Data Tables and 40 Figures spread through 242 Pages and in-depth TOC on "Computer Assisted Coding Market by Software (Natural Language Processing, Structured Input, Integrated Systems), Service (Support, Education & Training), Application (Automated Encoding, Clinical Coding Audit, Management Reporting) - Global Forecast to 2022" Get Free PDF - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170644018
Factors driving market growth include the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue process. In addition, the eventual conversion from ICD-9 to ICD-10 is slated to increase the number and complexity of medical codes. This is expected to result in an exponential increase in the volume of structured clinical documentation, thereby, increasing the demand for CAC solutions to manage this data. The increasing consolidation among healthcare providers, increasing consolidation among the players operating in the computer-assisted coding market and evolution of new coding technology for computer-assisted coding in the U.S are the key trends in the computer-assisted coding market.
The global computer-assisted coding market is segmented into web-based solutions, cloud-based solutions, and on-premise solutions. In 2016, the cloud-based solutions segment dominated the global computer-assisted coding market. This growth can be attributed to the advantage of its flexible, scalable, and affordable nature and additional advantage of a separate cloud for the client along with a public cloud server and easy access to information for users operating in different time zones and geographic locations.
The major end users of computer-assisted coding are hospitals, physicians’ practices, clinical laboratories, academic medical centers, and other healthcare institutions. In 2016, the hospitals segment accounted for the largest share of the global computer-assisted coding market. The high growth rate of the hospitals segment can be primarily attributed to the successful and high adoption of computer-assisted coding to curtail healthcare delivery costs while maintaining compliance.
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