(EMAILWIRE.COM, December 08, 2018 ) According to the new market research report "Computer Assisted Coding Market by Software (Natural Language Processing, Structured Input, Integrated Systems), Service (Support, Education & Training), Application (Automated Encoding, Clinical Coding Audit, Management Reporting) - Global Forecast to 2022", published by MarketsandMarkets™, 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.

Computer assisted coding software are used to improve maximize the revenue of organisation by reducing coding errors and maximizing claims reimbursement cycle. Some commonly used computer assisted coding software includes standalone and integrated software. Standalone software is used only for encoding and integrated software is integrated with EHR/EMR, encoder system, voice/text/speech recognition software, CDI, transcription system, and other HIM applications.
The computer assisted coding market has been segmented, on the basis of software and service. The software segment is subsegmented into standalone software and integrated software. The market for integrated computer-assisted coding software segment is expected to grow at the highest CAGR between 2017 and 2022. The growing need for optimized computer-assisted coding software for seamless workflow and successful data integration within healthcare provider systems contribute to the rapid growth of the market.
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Key players in the market include 3M Health Information Systems (US), Optum (US), McKesson Corporation (US), Nuance Communications (US), Cerner Corporation (US), Dolbey Systems (US), Precyse Solutions (nThrive) (US), Craneware (UK), Artificial Medical Intelligence (US), and TruCode (US). Other players include Quest Diagnostics (US), Streamline Health Solutions (US), M-scribe Technologies (US), eZDI Inc. (US), Alpha II LLC. (US), ID GmbH & Co. KGaA (Germany), ZyDoc (US), Coding Strategies (US), Patient Code Software (US), and Flash Code (US) among others. These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new computer assisted coding solutions in the market.
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