U.S. medical coding Market - Industry Trends and Forecast to 2029

Segmentation

Short Description
U.S. Medical Coding Market, By Offering (Coding Services, Coding Systems And Software, Data Files, and Others), Classification System (International Classification Of Diseases (ICD), CPT, and Healthcare Common Procedure Code System (HCPCS)), Coding Type, (Computer Assisted, and Traditional), Component, (In-House, and Outsourced), Service Type, (Inpatient Services, Observation Services, Ambulatory Or Same-Day Surgery, Diagnostic/Ancillary Services, Recurring Outpatient Services, Interventional Radiology, Inpatient Rehabilitation Services, and Others), End User, (Hospitals, Ambulatory Surgery Centers, Insurance Companies, Government Organizations, Dental Clinics, Clinics, Diagnostic Centers, and Others), Distribution Channel, (Direct Tender, and Third Party Distributors) Industry Trends and Forecast to 2029

Market Definition:
Medical coding is the critical element of a revenue cycle and drives the communication between healthcare providers and insurers. It stimulates the reimbursements made by the payers, which makes accurate coding essential.
Medical coding involves the following types of codes which are ICD codes, CPT codes, HCPCS codes, DRG codes and modifiers.
The ICD in medical coding is designed as a health care classification system, providing a method of diagnostic codes for classifying diseases, including nuanced classifications of a wide variety of signs, symptoms, abnormal findings, complaints, social circumstances, and external causes of injury or illness.
Market Segmentation:
U.S. medical coding market is categorized into seven notable segment offering, coding type, classification system, component, service type, end user and distribution channel.
 On the basis of offering, the U.S. medical coding market is segmented into coding services, coding systems and software, data files, and others
 On the basis of classification system, U.S. medical coding market is segmented into international classification of diseases (ICD), CPT and healthcare common procedure code system (HCPCS)
 On the basis of coding type, U.S. medical coding market is segmented into computer assisted and traditional.
 On the basis of component, U.S. medical coding market is segmented into in-house and outsourced
 On the basis of service type, the U.S. medical coding market is segmented into inpatient services, observation services, ambulatory or same-day surgery, diagnostic/ancillary services, recurring outpatient services, interventional radiology, inpatient rehabilitation services, others
 On the basis of end user, the U.S. medical coding market is segmented into hospitals, ambulatory surgery centers, insurance companies, government organizations, dental clinics, clinics, diagnostic centers, and others
 On the basis of distribution channel, the U.S. medical coding market is segmented into direct tender, third party distributors

 Market Players

The key market players for U.S. medical coding market are listed below:

 Optum360
 Maxim Healthcare Staffing
 Oracle
 SSR Techvision
 BillingParadise.
 Promantra Inc.
 Flatworld Solutions Pvt. Ltd. 
 HMI Corporation
 KIWI-TEK, LLC, EZDI, Inc.
 BellMedEx
 GeBBS Healthcare Solutions
 himagine solutions
 3M, Startek
 Dolbey
 MRA
 Nuance Communications, Inc.
 Cerner Corporation
 Mgsi LLC
 Invensis Technologies Pvt Ltd
 Offshore Billing Company
 Eclat Health Solutions
 Medical Billers and Coders (MBC)
 IKS Health, Vee Technologies
 COTIVITI, INC.
 Advantmed, LLC
 ApexonHealth
 AQuity Solutions among others
 

Methodology