The U.S. Medical Coding Market size is expected to
reach USD 7.0 billion by 2025 expanding at a CAGR of 9.3%, according to a new
report by Grand View Research, Inc. There is a high demand for coding services
in countries, which have high healthcare coverage and/or mandatory health insurance,
as they are used in settling health insurance claims. Every individual has a
unique combination of human genome. Although most of the time this variation
does not affect the normal dosage regimen, it has an impact in the long term.
Availability of several data enrichment tools, such as Electronic Health
Records (EHRs) and m-Health, has reduced the communication gap between
healthcare professionals and patients. These tools generate tremendous amount
of data, which can be used for personalized treatment after translating them
into coded language.
It can also be used for increasing the efficiency of various
procedures including insurance claims, healthcare analytics, and medical
billing. Many developed economies, such as U.S., are extensively using social
media for increasing awareness about advanced healthcare. Thus, the advent of
social media analytics is also anticipated to help enhance the efficiency in
healthcare analytics. U.S. spends almost double the average of the global
healthcare spending, which is expected to propel the market further.Major
companies incorporate various strategies to gain competitive edge over others.
For instance, recently Verisk Insurance Solutions started a joint venture with
Guidewire to launch its ISO ClaimSearch accelerator. This initiative has
provided Guidewire’s customers instant access to essential analytics of ISO
ClaimSearch.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-medical-coding-market
https://www.grandviewresearch.com/industry-analysis/us-medical-coding-market
Further key findings from the study suggest:
- Outsourced
services are anticipated to witness the fastest CAGR over the forecast
period due to their low costs and better quality than in-house services
- By
classification system, the ICD segment is expected to lead the market due
first-line use of these systems in classification of medical coding data
- Some
of the major companies in the U.S. medical coding market are STARTEK
Health; Oracle Corporation; Verisk Analytics; Aviacode, Inc.; Parexel
International Corporation; Maxim Health Information Services; Precyse
Solutions, LLC.; and Medical Record Associates LLC.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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