Home | Technology News Search Engine:
|
|
|
Home: Technology News:
|
|
(IT-NEWSWIRE.COM, October 18, 2017 ) According to Publisher, The Global Computer-Assisted Coding Market is accounted for $2.47 billion in 2016 and expected to grow at a CAGR of 13.4% to reach $5.98 billion by 2023. The market factors such as increasing utilization of CAC solutions to curtail the rising healthcare costs, growing focus on physician computer-assisted coding in outpatient settings, increasing implementation of Ehr Systems, rapid improvement in the global healthcare infrastructure are driving the market growth. However, High Implementation & Maintenance Costs and Lack of On-Site CAC Support and In-House CAC Domain Knowledge are restraining the market growth. Furthermore, natural language processing-enabled CAC solutions and growing adoption of cloud-based solutions are providing sizeable opportunity for the market growth.
Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011117703/sample
The cloud-based solutions segment 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. CD-10 has had a positive impact on reimbursement. ICD-10 coding system requires use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 in the ICD-9 system. 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).
A computer-assisted coding system (CACS) is software that analyzes healthcare documents and produces appropriate medical codes for specific phrases and terms within the document. 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. NLP applications work with clinical documentation practices which include unstructured text such as dictation, speech recognition, and transcription. New technology has evolved such as, the Fusion CAC which can increase productivity, identify problem in documentation and reduce variability for a faster return on investment. For instance, EMscribe® Computer-Assisted Coding (CAC) software generates medical codes directly from clinical documentation using AMI's innovative Natural Language Processing (NLP) technology.
North America is projected to dominate region due to rapid adoption of the technological advancements because there is an increasing need for quick and efficient healthcare system in place. However, Europe is the next lead in this market due to rising need of error free medical data handling and quick operating systems. In addition, Asia pacific and Latin America are growing significantly due to the developing economies.
The key players in global Computer-Assisted Coding market are 3M Health Information Systems, Optum, Inc, Nuance Communications, Inc, McKesson Corporation, Dolbey Systems, Inc., Precyse Solutions, LLC, Artificial Medical Intelligence, Inc., Streamline Health Solutions, LLC, TruCode, Craneware plc, athenahealth, Inc., MMODAL IP LLC (M-Modal) and Quest Diagnostics Inc.
Mode of Deliveries Covered: -Cloud-based Solutions -On-premise Solutions -Web-based Solutions
Product & Services Covered: -Services Education and Training Support and Maintenance -Software Integrated Software Standalone Software
Inquire before Buying at http://www.reportsweb.com/inquiry&RW00011117703/buying
End Users Covered: -Academic Medical Centers -Clinical Laboratories and Diagnostic Centers -Hospitals -Physician Practices -Payers -Other Healthcare Providers
Applications Covered: -Automated Computer-Assisted Encoding -Clinical Coding Auditing -Management Reporting and Analytics
Regions Covered: -North America US Canada Mexico -Europe Germany UK Italy France Spain Rest of Europe -Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific -South America Argentina Brazil Chile Rest of South America -Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
Company Profiling 11.1 3M Health Information Systems 11.2 Optum, Inc 11.3 Nuance Communications, Inc 11.4 McKesson Corporation 11.5 Dolbey Systems, Inc. 11.6 Precyse Solutions, LLC 11.7 Artificial Medical Intelligence, Inc. 11.8 Streamline Health Solutions, LLC 11.9 TruCode 11.10 Craneware plc 11.11 athenahealth, Inc. 11.12 MMODAL IP LLC (M-Modal) 11.13 Quest Diagnostics Inc
For more information about this report: http://www.reportsweb.com/computer-assisted-coding-global-market-outlook-2017-2023
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
Source: EmailWire.com
|
|
|
|
Technology News Headlines
|
|
|
Technology Business Video Feed
|
More Technology Video Feeds
|
|
|