Computer-Assisted Coding Market size was valued at USD 4.65 Billion in 2022 and is projected to reach USD 11.1 Billion by 2030, growing at a CAGR of 13.3% from 2023 to 2030.
Due to some factors, including immediate coding results, a shorter turnaround time for finding medical records, the simplicity of medical coding, a decline in rising healthcare costs, and minimalizing medical coding, the global market for computer assisted coding (CAC) software will grow to be relatively lucrative over the forecast period.
Private and public enterprises are being impacted by the swiftly improving healthcare infrastructure worldwide and the rapid increase in insurance reimbursement policies.
The use of CAC software in the healthcare industry is growing as a result of expanding initiatives made by public healthcare organisations. For instance, the Medicare and Medicaid Incentive Program in the United States encourages clinicians, doctors, and hospitals to use and embrace certified electronic health record (EHR) systems.
A computer-assisted coding system is a piece of software that, after studying medical records, generates a precise keyword for a given phrase or term. These keywords, which were supplied by (CACS), can aid in boosting output and speeding up administrative personnel’s processing. The primary goals of computer-assisted coding software are to lower errors and increase facility productivity. Software, Standalone software, Structured input software, Integrated software, Services, Support and maintenance, and Education and training are only a few of the goods and services provided by computer-assisted coding. It is utilised in programmes like Clinical Coding audits, Management Reporting & Analytics, and Automated Computer-Assisted Encoding.
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Global Computer-Assisted Coding Market: Major Players
• Quest Diagnostics Inc.
• Craneware plc
• Cerner Corporation
• Precyse Solutions, LLC
• 3M Company
• Athenahealth, Inc.
• Dolbey Systems, Inc.
• McKesson Corporation
• Optum, Inc.
• Streamline Health Solutions, Inc.
• Nuance Communications, Inc.
• Artificial Medical Intelligence, Inc.
• Epic Systems Corporation
Global Computer-Assisted Coding Market: Types
• Cloud-Based Solutions
• Web-Based Solutions
• On-Premise Solutions
Global Computer-Assisted Coding Market: Applications
• Clinical Coding Auditing
• Automated Computer-Assisted Encoding
• Management Reporting and Analytics
Global Computer-Assisted Coding Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Computer-Assisted Coding market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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