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Medical Coding Market is Projected to Expand at a Steady CAGR Over the Forecast Period 2026

by Metcarl · December 3, 2018


Medical coding is the transformation of healthcare procedures, medical services, equipment Erik Karlsson Jersey Womens , and diagnosis into universal medical alphanumeric codes. A medical coder receives the report from doctors, which may include patient鈥檚 condition, diagnosis preformed, prescription, and all the procedures and tests conducted by healthcare professionalsprovider on the patients Logan Couture Jersey Womens , and transforms the details into a set of codes. This set of codes is mostly used for claim managements, data that are used by emergency response systems and clinical decisions support systems by emergency clinics. The primary task of a medical coder is to review clinical statements and assign standard codes using Current Procedural Terminology (CPT), International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM) Joe Thornton Jersey Womens , and Healthcare Common Procedure Coding System (HCPCS) Level II classification systems.


Read Report Overview: >


The medical coding market is expected to expand during the forecast period due to the rise in implementation of IT in healthcare settings and advantages of medical coding for different aspects of healthcare settings such as claim management, feeding data clinical decision support systems, and emergency decision support systems. Increasing demand for universal language in medical documents in order to streamline hospital billing procedures is also expected to drive the market during the forecast period. However, cyber threat and insecurity among healthcare providers and patients is expected to hamper the market during the forecast period.


The global medical coding market can be segmented based on type of classification, mode Evander Kane Jersey Womens , service, end-user, and region. In terms of type of classification, the medical coding market can be classified into International Classification of Diseases (ICD), Healthcare Common Procedure Coding System (HCPCS) Tim Heed Jersey Authentic , and others. Based on mode, the medical coding market can be segregated into out-sourced and in-house. In terms of service, the medical coding market can be bifurcated into hospitalimpatient coding, medical coding audits, and others. Based on end-user Melker Karlsson Jersey Authentic , the medical coding market can be split into hospitals, insurance companies, government organizations, and others.


In terms of region, the medical coding market can be segmented into North America Kevin Labanc Jersey Authentic , Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for a prominent share of the mark.