Computer-Assisted Coding - Global Market Outlook (2017-2023)

August 2017 | 152 pages | ID: CE4E997118EEN
Stratistics Market Research Consulting

Abstracts

According to Stratistics MRC, The Global Computer-Assisted Coding Market is accounted for $2.47 billion in 2016 and expected to grow at a CAGR of 13.4% to reach $5.98 billion by 2023. The market factors such as increasing utilization of CAC solutions to curtail the rising healthcare costs, growing focus on physician computer-assisted coding in outpatient settings, increasing implementation of Ehr Systems, rapid improvement in the global healthcare infrastructure are driving the market growth. However, High Implementation & Maintenance Costs and Lack of On-Site CAC Support and In-House CAC Domain Knowledge are restraining the market growth. Furthermore, natural language processing-enabled CAC solutions and growing adoption of cloud-based solutions are providing sizeable opportunity for the market growth.

The cloud-based solutions segment growth can be attributed to the advantage of its flexible, scalable, and affordable nature and additional advantage of a separate cloud for the client along with a public cloud server and easy access to information for users operating in different time zones and geographic locations. CD-10 has had a positive impact on reimbursement. ICD-10 coding system requires use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 in the ICD-9 system. ICD-10 is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems (ICD) list which is promoted by World Health Organization (WHO).

A computer-assisted coding system (CACS) is software that analyzes healthcare documents and produces appropriate medical codes for specific phrases and terms within the document. This helps to increase productivity and reducing process time of the administrative person or coder. Computer assisted coding software also helps in reducing errors and improving efficiency of healthcare facility. NLP applications work with clinical documentation practices which include unstructured text such as dictation, speech recognition, and transcription. New technology has evolved such as, the Fusion CAC which can increase productivity, identify problem in documentation and reduce variability for a faster return on investment. For instance, EMscribe® Computer-Assisted Coding (CAC) software generates medical codes directly from clinical documentation using AMI’s innovative Natural Language Processing (NLP) technology.

North America is projected to dominate region due to rapid adoption of the technological advancements because there is an increasing need for quick and efficient healthcare system in place. However, Europe is the next lead in this market due to rising need of error free medical data handling and quick operating systems. In addition, Asia pacific and Latin America are growing significantly due to the developing economies.

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.

Mode of Deliveries Covered:

• Cloud-based Solutions
• On-premise Solutions
• Web-based Solutions

Product & Services Covered:

• Services
• Education and Training
• Support and Maintenance
• Software
• Integrated Software
• Standalone Software

End Users Covered:

• Academic Medical Centers
• Clinical Laboratories and Diagnostic Centers
• Hospitals
• Physician Practices
• Payers
• Other Healthcare Providers

Applications Covered:

• Automated Computer-Assisted Encoding
• Clinical Coding Auditing
• Management Reporting and Analytics

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Contents

1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Futuristic Market Scenario

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL COMPUTER-ASSISTED CODING MARKET, BY MODE OF DELIVERY

5.1 Introduction
5.2 Cloud-based Solutions
5.3 On-premise Solutions
5.4 Web-based Solutions

6 GLOBAL COMPUTER-ASSISTED CODING MARKET, BY PRODUCT & SERVICE

6.1 Introduction
6.2 Services
  6.2.1 Education and Training
  6.2.2 Support and Maintenance
6.3 Software
  6.3.1 Integrated Software
  6.3.2 Standalone Software
    6.3.2.1 Structured Input Software
    6.3.2.2 Natural Language Processing Software

7 GLOBAL COMPUTER-ASSISTED CODING MARKET, BY END USER

7.1 Introduction
7.2 Academic Medical Centers
7.3 Clinical Laboratories and Diagnostic Centers
7.4 Hospitals
7.5 Physician Practices
7.6 Payers
7.7 Other Healthcare Providers

8 GLOBAL COMPUTER-ASSISTED CODING MARKET, BY APPLICATION

8.1 Introduction
8.2 Automated Computer-Assisted Encoding
8.3 Clinical Coding Auditing
8.4 Management Reporting and Analytics

9 GLOBAL COMPUTER-ASSISTED CODING MARKET, BY GEOGRAPHY

9.1 Introduction
9.2 North America
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
9.3 Europe
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
9.4 Asia Pacific
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
9.5 South America
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa

10 KEY DEVELOPMENTS

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 COMPANY PROFILING

11.1 3M Health Information Systems
11.2 Optum, Inc
11.3 Nuance Communications, Inc
11.4 McKesson Corporation
11.5 Dolbey Systems, Inc.
11.6 Precyse Solutions, LLC
11.7 Artificial Medical Intelligence, Inc.
11.8 Streamline Health Solutions, LLC
11.9 TruCode
11.10 Craneware plc
11.11 athenahealth, Inc.
11.12 MMODAL IP LLC (M*Modal)
11.13 Quest Diagnostics Inc

List Of Tables

LIST OF TABLES

Table 1 Global Computer-Assisted Coding Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Computer-Assisted Coding Market Outlook, By Mode of Delivery (2014-2023) ($MN)
Table 3 Global Computer-Assisted Coding Market Outlook, By Cloud-based Solutions (2014-2023) ($MN)
Table 4 Global Computer-Assisted Coding Market Outlook, By On-premise Solutions (2014-2023) ($MN)
Table 5 Global Computer-Assisted Coding Market Outlook, By Web-based Solutions (2014-2023) ($MN)
Table 6 Global Computer-Assisted Coding Market Outlook, By Product and Service (2014-2023) ($MN)
Table 7 Global Computer-Assisted Coding Market Outlook, By Services (2014-2023) ($MN)
Table 8 Global Computer-Assisted Coding Market Outlook, By Education and Training (2014-2023) ($MN)
Table 9 Global Computer-Assisted Coding Market Outlook, By Support and Maintenance (2014-2023) ($MN)
Table 10 Global Computer-Assisted Coding Market Outlook, By Software (2014-2023) ($MN)
Table 11 Global Computer-Assisted Coding Market Outlook, By Integrated Software (2014-2023) ($MN)
Table 12 Global Computer-Assisted Coding Market Outlook, By Standalone Software (2014-2023) ($MN)
Table 13 Global Computer-Assisted Coding Market Outlook, By End User (2014-2023) ($MN)
Table 14 Global Computer-Assisted Coding Market Outlook, By Academic Medical Centers (2014-2023) ($MN)
Table 15 Global Computer-Assisted Coding Market Outlook, By Clinical Laboratories and Diagnostic Centers (2014-2023) ($MN)
Table 16 Global Computer-Assisted Coding Market Outlook, By Hospitals (2014-2023) ($MN)
Table 17 Global Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 18 Global Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 19 Global Computer-Assisted Coding Market Outlook, By Payers (2014-2023) ($MN)
Table 20 Global Computer-Assisted Coding Market Outlook, By Application (2014-2023) ($MN)
Table 21 Global Computer-Assisted Coding Market Outlook, By Automated Computer-Assisted Encoding (2014-2023) ($MN)
Table 22 Global Computer-Assisted Coding Market Outlook, By Clinical Coding Auditing (2014-2023) ($MN)
Table 23 Global Computer-Assisted Coding Market Outlook, By Management Reporting and Analytics (2014-2023) ($MN)
Table 24 North America Computer-Assisted Coding Market Outlook, By Country (2014-2023) ($MN)
Table 25 North America Computer-Assisted Coding Market Outlook, By Mode of Delivery (2014-2023) ($MN)
Table 26 North America Computer-Assisted Coding Market Outlook, By Cloud-based Solutions (2014-2023) ($MN)
Table 27 North America Computer-Assisted Coding Market Outlook, By On-premise Solutions (2014-2023) ($MN)
Table 28 North America Computer-Assisted Coding Market Outlook, By Web-based Solutions (2014-2023) ($MN)
Table 29 North America Computer-Assisted Coding Market Outlook, By Product and Service (2014-2023) ($MN)
Table 30 North America Computer-Assisted Coding Market Outlook, By Services (2014-2023) ($MN)
Table 31 North America Computer-Assisted Coding Market Outlook, By Education and Training (2014-2023) ($MN)
Table 32 North America Computer-Assisted Coding Market Outlook, By Support and Maintenance (2014-2023) ($MN)
Table 33 North America Computer-Assisted Coding Market Outlook, By Software (2014-2023) ($MN)
Table 34 North America Computer-Assisted Coding Market Outlook, By Integrated Software (2014-2023) ($MN)
Table 35 North America Computer-Assisted Coding Market Outlook, By Standalone Software (2014-2023) ($MN)
Table 36 North America Computer-Assisted Coding Market Outlook, By End User (2014-2023) ($MN)
Table 37 North America Computer-Assisted Coding Market Outlook, By Academic Medical Centers (2014-2023) ($MN)
Table 38 North America Computer-Assisted Coding Market Outlook, By Clinical Laboratories and Diagnostic Centers (2014-2023) ($MN)
Table 39 North America Computer-Assisted Coding Market Outlook, By Hospitals (2014-2023) ($MN)
Table 40 North America Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 41 North America Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 42 North America Computer-Assisted Coding Market Outlook, By Payers (2014-2023) ($MN)
Table 43 North America Computer-Assisted Coding Market Outlook, By Application (2014-2023) ($MN)
Table 44 North America Computer-Assisted Coding Market Outlook, By Automated Computer-Assisted Encoding (2014-2023) ($MN)
Table 45 North America Computer-Assisted Coding Market Outlook, By Clinical Coding Auditing (2014-2023) ($MN)
Table 46 North America Computer-Assisted Coding Market Outlook, By Management Reporting and Analytics (2014-2023) ($MN)
Table 47 Europe Computer-Assisted Coding Market Outlook, By Country (2014-2023) ($MN)
Table 48 Europe Computer-Assisted Coding Market Outlook, By Mode of Delivery (2014-2023) ($MN)
Table 49 Europe Computer-Assisted Coding Market Outlook, By Cloud-based Solutions (2014-2023) ($MN)
Table 50 Europe Computer-Assisted Coding Market Outlook, By On-premise Solutions (2014-2023) ($MN)
Table 51 Europe Computer-Assisted Coding Market Outlook, By Web-based Solutions (2014-2023) ($MN)
Table 52 Europe Computer-Assisted Coding Market Outlook, By Product and Service (2014-2023) ($MN)
Table 53 Europe Computer-Assisted Coding Market Outlook, By Services (2014-2023) ($MN)
Table 54 Europe Computer-Assisted Coding Market Outlook, By Education and Training (2014-2023) ($MN)
Table 55 Europe Computer-Assisted Coding Market Outlook, By Support and Maintenance (2014-2023) ($MN)
Table 56 Europe Computer-Assisted Coding Market Outlook, By Software (2014-2023) ($MN)
Table 57 Europe Computer-Assisted Coding Market Outlook, By Integrated Software (2014-2023) ($MN)
Table 58 Europe Computer-Assisted Coding Market Outlook, By Standalone Software (2014-2023) ($MN)
Table 59 Europe Computer-Assisted Coding Market Outlook, By End User (2014-2023) ($MN)
Table 60 Europe Computer-Assisted Coding Market Outlook, By Academic Medical Centers (2014-2023) ($MN)
Table 61 Europe Computer-Assisted Coding Market Outlook, By Clinical Laboratories and Diagnostic Centers (2014-2023) ($MN)
Table 62 Europe Computer-Assisted Coding Market Outlook, By Hospitals (2014-2023) ($MN)
Table 63 Europe Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 64 Europe Computer-Assisted Coding Market Outlook, By Physician Practices (2014-2023) ($MN)
Table 65 Europe Computer-Assisted Coding Market Outlook, By Payers (2014-2023) ($MN)
Table 66 Europe Computer-Assisted Coding Market Outlook, By Application (2014-2023) ($MN)
Table 67 Europe Computer-Assisted Coding Market Outlook, By Automated Computer-Assisted Encoding (2014-2023) ($MN)
Table 68 Europe Computer-Assisted Coding Market Outlook, By Clinical Coding Auditing (2014-2023) ($MN)
Table 69 Europe Computer-Assisted Coding Market Outlook, By Management Reporting and Analytics (2014-2023) ($MN)
Note: Asia Pacific, South America and Middle East & Africa are represented in above manner.