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. This Report studies the latest industry trends, market development aspects, market gains, and industry scenario during the forecast period. The report provides the details related to fundamental overview, development status, latest advancements, market dominance and market dynamics.
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Data Bridge Market Research profiles some of the renowned Market Players operating in the global Medical Coding market. They are: 3M, Aviacode Inc., Dolbey, Maxim Healthcare Services Inc, MRA Health Information Services, Oracle Corporation, PAREXEL International Corporation, Precyse Solutions LLC, STARTEK, Verisk Analytics, Inc., nThrive Inc, Nuance Communications, Inc., Optum Inc.
The Medical Coding Market report also shares an exhaustive analysis of the trends, factors, and competitive and regional dynamics that will chart the growth trajectSy of the market during the forecast period. Development policies and plans are discussed as well as company’s processes and cost structures are also analyzed in this Medical Coding report. This Medical Coding Market report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin Medical Coding by regions (North America, Europe, Asia Pacific, Middle East & Africa, Latin America), and other regions can be added.
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.
Table of Content
o Definition, By Segment
o Research Approach
• Executive Summary
• Market Dynamics
o Drivers, Restraints and Opportunities
o Emerging Trends
• Key Insights
o Macro and Micro Economic Indicators
o Consolidated SWOT Analysis of Key Players
• Global Medical Coding Industry Analysis, Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Size Estimates and Forecasts
By Application (Value)
By Geography (Value)
Middle East and Africa
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Segmentation: Global Medical Coding Market
By Classification System
• International Classification of Diseases (ICD)
• Healthcare Common Procedure Code System (HCPCS)
• Diagnostic Centers
Research Methodology: Global Medical Coding Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: EMR suppliers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
• Current and future of global Medical Coding market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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