PUBLISHER: The Business Research Company | PRODUCT CODE: 1682141
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682141
Computer-assisted coding (CAC) is a technology that utilizes advanced algorithms to automatically interpret clinical documentation and generate accurate medical codes for specific terms and phrases within the document. This technology aids healthcare providers by improving the speed and precision of medical coding, which is essential for billing and insurance purposes.
The primary product categories of computer-assisted coding include software and services. CAC software utilizes natural language processing (NLP) and machine learning to analyze clinical documentation and recommend appropriate medical codes for patient records. These solutions are delivered through various modes including web-based and cloud-based platforms, as well as on-premises installations. They find applications in automated computer-assisted encoding, management reporting and analytics, clinical coding auditing, and are utilized by various end users including hospitals, physicians, academic medical centers, clinical labs, diagnostic centers, and other healthcare providers.
The computer-assisted coding market research report is one of a series of new reports from The Business Research Company that provides computer-assisted coding market statistics, including computer-assisted coding industry global market size, regional shares, competitors with a computer-assisted coding market share, detailed computer-assisted coding market segments, market trends, and opportunities, and any further data you may need to thrive in the computer-assisted coding industry. This computer-assisted coding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The computer assisted coding market size has grown rapidly in recent years. It will grow from $5.77 billion in 2024 to $6.5 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to data explosion, regulatory compliance, business intelligence demand, customer experience enhancement, cost reduction and efficiency, increased awareness and education.
The computer assisted coding market size is expected to see rapid growth in the next few years. It will grow to $10.45 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to ai and ml integration, predictive analytics demand, cross-industry adoption, enhanced security measures, real-time analytics. Major trends in the forecast period include technology advancements, natural language processing (nlp) advancements, ai-powered automation, multimodal content processing, real-time analytics.
The growing adoption of electronic health records (EHR) is anticipated to drive the expansion of the computer-assisted coding market in the coming years. EHRs are digital versions of patients' paper charts that systematically collect health information in a computerized format. Computer-assisted coding (CAC) improves the efficiency and accuracy of EHRs by automating the extraction and assignment of medical codes from clinical documentation. For example, a report published by the European Commission in July 2024, a Belgium-based government body, revealed that nearly half (48%) of Member States offer both online portals and mobile apps for citizens to access EHRs, while 74% of Member States report that 80-100% of their populations can technically access health data online. Additionally, 16 Member States have made improvements in access technology and coverage. As a result, the increasing adoption of EHRs is fueling the growth of the computer-assisted coding market.
Leading companies in the computer-assisted coding market are dedicated to developing innovative products equipped with advanced technologies, including integration with natural language processing (NLP) technology, to deliver dependable services to their customers. Natural Language Processing (NLP) plays a crucial role in computer-assisted coding by analyzing medical documentation to extract pertinent information for efficient and accurate medical coding. For instance, in September 2022, AGS Health, a US-based healthcare analytics technology company, unveiled the AGS AI platform. This platform revolutionizes revenue cycle management in healthcare by automating tasks such as insurance authorization, medical billing, and claim denials through revenue cycle automation. Leveraging intelligent robotic process automation (RPA), it streamlines workflows to enhance productivity and quality. The platform integrates Natural Language Processing and Understanding (NLP/NLU) to facilitate efficient data navigation and incorporates intelligent authorization for rapid service access. Additionally, it features computer-assisted coding and clinical documentation improvement, employing RPA, machine learning, and NLP to boost productivity.
In May 2024, Firstsource Solutions Limited, an India-based business process management company, acquired Quintessence Business Solutions & Services Private Limited for an undisclosed amount. This acquisition strengthens Firstsource's revenue cycle management (RCM) offerings by integrating Quintessence's AI-powered technology and offshore capabilities, including medical coding. The expansion allows Firstsource to offer comprehensive RCM solutions to hospitals and physician groups, enhancing its global reach and improving service efficiency for clients. Quintessence Business Solutions & Services Private Limited is a US-based company specializing in medical billing, medical coding, and RCM services.
Major companies operating in the computer assisted coding market report are UnitedHealth Group Inc., McKesson Corporation, Microsoft Corporation, Oracle Corporation, 3M Company, GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., Cerner Corporation, FinThrive Revenue Systems LLC, eClinicalWorks, NextGen Healthcare Inc., Medical Information Technology Inc., Computer Programs and Systems Inc., Availity LLC, Craneware PLC, AGS Health, CareCloud Inc., ezDI Inc., Streamline Health Solutions Inc., ZyDoc Corporation, Codifyd Inc., Dolbey Systems Inc., Alpha II LLC, M-Scribe Technologies LLC, ChartWise Medical Systems Inc., Saince Inc., Talix Inc., Apervita Inc., Artificial Medical Intelligence Inc.
North America was the largest region in the computer assisted coding market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computer assisted coding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the computer-assisted coding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The computer-assisted coding market consists of revenues earned by entities by providing services such as automated code assignment implementation and consulting, data migration, quality assurance, and performance monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The computer-assisted coding market also includes sales of speech recognition microphones, foot pedals, ergonomic keyboards, and large monitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Computer Assisted Coding Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on computer assisted coding market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for computer assisted coding ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The computer assisted coding market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.