Computer-Assisted Coding Industry
Description
Wiseguyreports.Com Adds “Computer-Assisted Coding -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database
The global Computer Assisted Coding Market is experiencing its golden years. The industry is on the cusp of a major technological revolution and shows positive signs of growth. Computer assisted coding system is basically a software that analyses different healthcare document to produce medical code with the specific document. Read the brief analysis to know more about the segment.
Assessing the Global Computer Assisted Coding Market
The statistics from WGR revealed some great numbers about the computer assisted coding industry. The global market accounted for more than 2.47 billion dollars back in the year 2016. The industry is supposed to grow at a compound annual growth rate of 13.4 percent and is expected to reach a significant milestone of 5.98 billion dollars by the year 2023.
Influential factors for the growth of the industry
The computer assisted coding market is about to make a massive presence over the healthcare industry. Crucial factors like increasing adoption of technology, efforts by the private companies to minimize the cost, and the growing competition to provide world-class solutions at affordable prices are some of the significant factors fueling the growth prospects. Sustainable development, along with increasing adoption of cloud-based applications complement the growing adoption of the advance of computer assisted coding.
Some of 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.
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Major Geographical Markets
The computer assisted coding industry is not limited to any geographical region. Despite this, the industry is growing at a steady fast rate in North America. The continent is in dire need of having affordable health care products in place. The cost of healthcare equipment has always been high. With advanced technologies in place, companies expect to reduce costs while providing better services at the same time. Other key geographies include Europe, Germany, The United Kingdom, and several other regions all across the globe.
The primary mode of deliveries to the end-users
The computer-aided coding industry primarily has three modes of delivery. The end users can use all the services or products based on the requirements. The products can be delivered through cloud-based solutions, web-based solutions, or through on-premise solutions.
Principal Services and products
There are several services that the computer-aided coding industries can provide. The chief products include software solutions and support, integrated range of software or standalone software along with education, training, and maintenance of products of the latest tools and services.
Understanding the end-users
The end-users of the computer-aided coding industries include hospitals, physicians, clinical laboratories, and diagnostic centers. Academic Medical Centers and other healthcare providers can be added in the list too.
On the other hand, major applications of the services provided by the major service providers include auditing of clinical coding, management of reports, and analytics along with automated computer assisted coding.
With the rapid adoption of the latest technologies in the healthcare industries, several private institutions want to make a difference in their approach. The astounding growth rates, along with wiliness to pay substantial amounts for better services, are encouraging different hospitals to adopt the cutting-edge technologies.
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