The Medical Coding Market Report provides key strategies followed by leading Medical Coding industry manufactures and Sections of Market like- product specifications, volume, production value, Feasibility Analysis, Classification based on types and end user application areas with geographic growth and upcoming advancement. The Medical Coding market report provides comprehensive outline of Invention, Industry Requirement, technology and production analysis considering major factors such as Revenue, investments and business growth.
According to the report, This rise in market value can be attributed to the increasing insurance frauds and misunderstandings related to medical documents, says Data Bridge Market Research in a report, titled “Global Medical Coding Market – Industry Trends – Forecast to 2026. Global Medical Coding Market is expected to rise from its initial estimated value of USD 12.29 billion to an estimated value of USD 26.63 billion by 2026, registering a CAGR of 10.15% in the forecast period of 2019-2026.
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- Growth in prevalence for medical coding services in hospitals is driving the market
- Increasing demand for standardized billing procedures is driving market
- Increasing consumer concerns related to the data security is restraining the growth of this market.
- Unavailability of the trained and skilled professionals is restraining the market.
Data Bridge Market Research profiles some of the renowned Market Players operating in the global Medical Coding market. They are:
- Aviacode Inc.,
- Maxim Healthcare Services Inc,
- MRA Health Information Services
- Oracle Corporation,
- PAREXEL International Corporation,
- Precyse Solutions LLC,
- Verisk Analytics, Inc.,
- nThrive Inc, Nuance Communications,
- , Optum Inc.
About this Global Medical Coding Market: In medical coding the medical records and documentation such as physician’s notes, laboratory and radiologic results are taken and transcribed into codes. The task of the medical coding professionals is to ensure whether the codes are applied correctly or not. The steps involve abstracting the information from documentation, assigning the appropriate codes, and creating a claim to be paid by insurance carriers. Medical coding is transforming healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes.
Segmentation: Global Medical Coding Market
By Classification System
• International Classification of Diseases (ICD)
• Healthcare Common Procedure Code System (HCPCS)
• Diagnostic Centers
Key Developments in the Market:
- In November 2017, Aviacode announced there acquisition of a Hyderabad, India- based medical coding company so that they can get access to AAPC and AHIMA certified medical coders. This acquisition will help them to improve their business as they will generate more revenue. This will provide the players to have coding service delivery to meet their requirement with proven US-based coding management
• In December 2018, Optum Bank announced that they have enhanced their data and analytics tools which will which help the accountholder to understand how to use their health savings account (HSA) savings so that they can pay for their healthcare costs. The main aim is to help people to save more so that they can use it for future.
Important Aspects of Medical Coding Report:
- Top factors like revenue, supply-demand ratio, market status and market value is reflected.
- All the top Global Medical Coding market players are analysed with their competitive structure, development plans and regional presence.
- The market analysis from 2010-2018 and forecast analysis from 2020-2027 is conducted with the base year as 2020.
- Top regions and countries which have huge growth potential are studied in this report.
- The SWOT analysis of regions and players will lead to an analysis of growth factors and market risks.
- The segmented market view based on product type, application and region will provide a simpler market overview.
- The market outlook, Medical Coding gross margin study, price and type analysis is explained.
- The distributors, traders, dealers and manufacturers of Medical Coding are profiled on a global scale.
- The forecast analysis by type, application and region is conducted to present the sales margin, market share, and revenue and growth rate.
- The information on mergers & acquisitions in Medical Coding, product launches, new industry plans and policies as well as the development status is analysed in the report.
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Global Medical Coding Research Methodology
Data Bridge Market Research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
Detailed TOC of Global Medical Coding Market Research Report 2019: Table of Contents
o Objectives Of The Study
o Market Definition
o Overview Of Global Medical Coding Market
o Markets Covered
- 2.1 Markets Covered
- 2.2 Geographical Scope
- 2.3 Years Considered For The Study
- 2.4 Currency And Pricing
- 2.5 Dbmr Tripod Data Validation Model
- 2.6 Multivariate Modelling
- 2.7 Products Lifeline Curve
- 2.8 Primary Interviews With Key Opinion Leaders
- 2.9 DBMR Market Position Grid
- 2.1 Vendor Share Analysis
- 2.11 Secondary Sources
- 2.12 Assumptions
3 Market Overview
- 3.1 Drivers
- 3.3.1 Rising Government Initiatives
- 3.3.2 Strategic Initiative By Market Players
- 3.3.3 Rise In Awareness Among The Population
- 3.3.4 Growing Healthcare Infrastructure
4 Executive Summary
5 Premium Insights
6 Regulatory Procedure
7 Global Medical Coding Market, By Type
8 Global Medical Coding Market, by disease type
9 Global Medical Coding Market, By Deployment
10 Global Medical Coding Market, By End User
11 Global Medical Coding Market, By Distribution Channel
12 Global Medical Coding Market, By Geography
13 Global Medical Coding Market, Company Landscape
- 13.1 Company Share Analysis: Global
- 13.2 Company Share Analysis: North America
- 13.3 company share analysis: europe
- 13.4 company share analysis: asia-pacific
14 Company Profile
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