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The computer-assisted coding market is expanding with the emergence of new products and applications. These computer assisted coding solutions being used in many applications such as automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing. What the Computer Assisted Coding Market Looks Like? Predicted to grow at a CAGR of 11.5% during the forecast period, the global  Computer Assisted Coding Market  is estimated to reach USD 4.75 Billion by the end of 2022. The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the growing demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures. Implementation of ICD-10 Drive the Global Computer Assisted Coding Market Many hospitals, especially in North America, are adopting CAC systems to mana...

The transition to ICD-10 coding standards from ICD-9 in North America, the growing demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures. The  computer assisted coding market  is expanding with the emergence of new products and applications. These computer assisted coding solutions being used in many applications such as automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing. Implementation of ICD-10 Drive the Global Computer Assisted Coding Market Many hospitals, especially in North America, are adopting CAC systems to manage the increasing load of coding resulting from the adoption of ICD-10 standards. Major health plans like Medicare have reported a smooth transition to ICD-10 due to rigorous testing for over six years. The ICD-10 coding system requires the use of 72,000 procedure c...

The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the growing demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures. The computer-assisted coding market is expanding with the emergence of new products and applications. These computer assisted coding solutions being used in many applications such as automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing.  Market Growth Overview The  global computer assisted coding market  is valued at USD 2.76 billion in 2017 and is expected to register a CAGR of 11.5% to reach to USD 4.75 billion by 2022.   The computer assisted coding market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of this region is primarily driven by the escalat...

The global computer-assisted coding market is projected to reach USD 4.75 Billion by 2022 from USD 2.76 Million in 2017, at a CAGR of 11.5%. The computer-assisted coding market is consolidated in nature with the top five players commanding a major share of the market. In 2016, 3M Company (U.S.) and Optum, Inc. (U.S.) dominated the computer-assisted coding market and accounted for approximately 40 to 45% share of the global computer-assisted coding market. 3M Health Information Systems is the leading player of the computer-assisted coding market, offering a diversified and strong product portfolio of computer-assisted coding (CAC) solutions for the healthcare industry, which includes 3M CAC System for Small Hospitals, 3M 360 Encompass System, 3M CodeRyte CodeAssist System, 3M Coding Reference, and 3M Coding Reference Plus Software. The company has a strong presence across the U.S., Asia-Pacific, Europe, and the Middle East and Africa. OptumInsight is a health information, technology, se...