A computerized coding system is a software that, by analyzing health documents, creates a specific keyword for specific terms and concepts. These keywords provided by (CACS) can help increase productivity and reduce processing time for the administrator. Computerized coding software is primarily focused on reducing errors and improving healthcare facility efficiency. Various products and services offered through computer-aided coding include software, standalone software, structured input software, integrated software, services, support and maintenance, and education and training. It is used in applications such as Automated Computer-Aided Coding, Management Reporting & Analytics, and Clinical Coding Testing. There are three types of deployment of this software including web-based, cloud-based, and on-premise. Computerized coding is used by a variety of end-users such as hospitals, doctors, academic medical centers, clinical laboratories and diagnostic centers, and other healthcare providers. Computerized coding software uses NLP (Structured Input or Natural Language Processing) technology for document processing. This contributes to increasing productivity and shortening the processing time of the administrator or the encoder. Computerized coding software also helps reduce errors and improve healthcare facility efficiency. It can be used by billing staff, compliance officers, and auditors to review documents in the healthcare industry. Today, computerized coding software is available in cloud-based and on-premise versions depending on hospital needs.
Major & Emerging Players in Computer Assisted Coding Software Market:-
Optum, Inc. (United States)
3M Health Information Systems (United States)
McKesson Corporation (United States)
Nuance Communications Inc. (United States)
Cerner Corporation (United States)
Precyse Solutions, LLC (nThrive) (United States)
TruCode (United States)
Dolbey Systems (United States)
Craneware Plc. (United Kingdom)
Epic Systems Corporation
Quest Diagnostics (United States)
M-Scribe Technologies, LLC (United States)
ezDI, Inc. (United States)
Coding Strategies, Inc. (United States)
Alpha II, LLC (United States)
ID GmbH & Co. KGaA (Germany)
iMedx Inc. (United States)
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The Latest research coverage on Computer Assisted Coding Software Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.
The titled segments and sub-section of the market are illuminated below:
by Type (Solution (Standalone, Integrated), Service (Support & Maintenance Services, Education & Training Services)), Application (Automated Computer-Assisted Encoding, Management Reporting & Analytics, Clinical Code Auditing), Deployment Mode (Web-based, Cloud-based, On-Premises), End-Users (Hospitals, Physicians/Clinics, Clinical Laboratories & Diagnostic Centers, Academic Medical Centers)
Market Trends:
Rapid Improvement in the Global Healthcare Infrastructure
A Rise in the Implementation of EHS in Healthcare Organizations
Rising Improvement in Coding Accuracy, And Streamlining the Revenue Cycle Management Procedures
Opportunities:
Rising Insurance Reimbursement Policies Are Rolled Down By Private and Public Organizations
Increasing Healthcare Expenditure by Population
Growing Adoption of Cloud-Based Solutions
A Rise in Initiatives Taken By Public Healthcare Organizations
Market Drivers:
The Growing Adoption of CAC Solutions Due To the Implementation …….