Global AI in the medical coding market is anticipated to grow at a moderate CAGR of 13.7% during the forecast period (2024-2031).AI technologies are being used in various healthcare applications to enhance coding accuracy, improve revenue cycle management, detect fraud, and provide clinical decision support. These applications leverage AI algorithms and data analysis tools to assist human coders, identify anomalies and inconsistencies, generate reports and performance metrics, and support virtual healthcare encounters and remote coding workflows. By incorporating AI capabilities, healthcare organizations can optimize their coding and billing processes, maintain regulatory compliance, and make data-driven decisions to improve patient care. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,
Browse the full report description of “Artificial Intelligence (AI) in Medical Coding Market Size, Share & Trends Analysis Report by Component (Software, and Services), by Deployment mode(In-House, and Outsourced) by Application (Automated Coding, Clinical Documentation Improvement (CDI), Natural Language Processing (NLP), Fraud Detection and Compliance Monitoring, Revenue Cycle Management (RCM), and Others) andby End-User (Hospitals and Clinics, Medical Billing Companies, Healthcare Payers, Government Healthcare Agencies, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ai-in-medical-coding-market
In March 2023, Clinion launched an AI-powered medical coding solution for clinical trials, aiming to improve efficiency and accuracy. The solution uses advanced machine learning algorithms to analyze medical data and assign appropriate codes, reducing manual coding time and effort, and thereby enhancing the efficiency of clinical trials.
In December 2023,CorroHealth introduced its PULSE technology, a revolutionary SaaS product for healthcare, revolutionizing medical coding automation. This AI-driven platform, 100.0% automated, offers up to 97.0% accuracy in complex and simple codes, boosting productivity in fee-for-service and value-based care coding.
In December 2023, PMBAUSA launched the Certified AI Medical Coder (CAIMC™) program, aiming to equip medical coders with the necessary skills to thrive in the rapidly evolving healthcare industry, bridging the gap between traditional and AI coding.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Deployment
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3M Co., Cerner Corp., Dolbey Systems, Inc., Nuance Communications, Inc., Optum, Inc., among others.
Key questions addressed by the report.
Global AI in Medical Coding Market Report Segment
By Component
By Deployment mode
By Application
By End-User
Global AI in Medical Coding Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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