Houston, TX -- (SBWIRE) -- 01/19/2018 -- The worldwide computer-aided coding market is expected to reach USD +400 million by 2022 at an average annual rate of +11% over the forecast period. Growth in the market is driven by the shift from ICD-9 to ICD-10 coding standards in North America, increasing demand for CAC solutions, increasing the need for a global healthcare system to reduce healthcare costs, improving coding accuracy, I will. However, the high implementation and maintenance costs of computer-aided coding and the lack of IT professionals in the medical industry are likely to hamper market growth to some extent.

Factors driving market growth include the need to reduce healthcare costs, improve coding accuracy, and streamline revenue processes within the global healthcare system. Also, the final conversion from ICD-9 to ICD-10 will increase the number and complexity of medical laws. This will result in an exponential increase in the size of structured clinical documentation, which will increase the need for CAC solutions to manage this data. Increased integration among healthcare providers, increased integration between players working in the computer-assisted coding market, and the evolution of new coding techniques for computer-assisted coding in the United States are key trends in the computer-aided coding market.

The computer-aided coding market for this report is categorized by product and service, application, mode of delivery, and end-user. The report also provides market intelligence for key geographic segments: North America, Europe, Asia Pacific and other regions.
Computer assisted coding of medical information uses natural language solutions to link the physician notes in an electronic patient record to the codes used for billing Medicare, Medicaid, and private insurance companies.
Major companies in the computer-aided coding market include 3M Health Information Systems, Optum, Inc., Nuance Communications, Inc., McKesson Corporation, Cerner, Dolbey Systems, USA, Precyse Solutions, LLC, Craneware plc, Art Medical Intelligence (USA), and TruCode.

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Natural language processing is used determine the links to codes. 88% of the coding can occur automatically without human review. Computer assisted coding is used in all parts of the healthcare delivery system. The coding systems work well to implement automated coding process.
Physicians think about patient conditions in terms of words. Software is configured to achieve working with physicians who are more comfortable describing a patient treatment in words than codes. The electronic patient record, created using physician dictation, is used to form the base for the coding. Natural language solutions implement computer coding to identify key words and patterns of language. The physician dictation can be done using regular language that the software recognizes and translates into billing codes.
The primary research is conducted by talking to customers, distributors and companies. The survey data is not enough to make accurate assessment of market size, the global computer-assisted coding market is expected to grow at a CAGR of +11% by 2021
By mode of delivery, the global computer-assisted coding market is segmented into web-based solutions, cloud-based solutions, and on-premise solutions. In 2016, the cloud-based solutions segment dominated the global computer-assisted coding market. This 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.

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The study on the global market for Computer Assisted Coding has evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Computer Assisted Coding significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Computer Assisted Coding product over the next few years.

Divided by region, this study report is segmented into numerous key sections, with production, consumption, revenue, market share and progress rate of the regions Europe, North America, Asia Pacific, MEA, and ROW are mentioned in this report. As mentioned about the regions, a comprehensive regional classification of the market is also included herein.Moreover, the global market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global Computer Assisted Coding market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.