Dublin, May 22, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of Wintergreen Research, Inc's new report "Large Group Physician Practice Computer Assisted Coding for Professionals: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023" to their offering. The worldwide market for large group physician practice computer assisted coding at $323 million in 2016, is anticipated to reach $1.1 billion by 2023.
The complete report provides a comprehensive analysis of Large Group Physician Practice Computer Assisted Coding in different categories, illustrating the diversity of software market segments. A complete procedure analysis is done, looking at numbers of procedures and doing penetration analysis.
Large group physician practices use computer assisted coding as part of larger automated systems. Computer assisted coding of medical information can link the physician notes in an electronic patient record to the codes used for billing Medicare, Medicaid, and private insurance companies. This creates improved operations for a group practice office. 88% of the coding can occur automatically without human review. Physicians are more comfortable describing a patient treatment in words. The electronic patient record, created using physician dictation, is used to form the base for the coding. The physician dictation done using regular language that the software recognizes and translates into billing codes is an automation that all offices need. Penetration of high end systems that are needed is very low now. Physicians think about patient conditions in terms of words. CAC software is configured to achieve working with physicians who are more comfortable describing a patient treatment in words than codes. The electronic patient record, created using physician dictation, is used to form the base for the coding. Natural language solutions implement computer coding to identify key words and patterns of language. The physician dictation can be done using regular language that the software recognizes and translates into billing codes. Major health plans report a smooth transition to ICD-10. This is due to rigorous testing for six years. ICD-10 has had a positive impact on reimbursement. ICD-10 coding system requires use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 in the ICD-9 system. Managing high volume of codes requires automation. Healthcare providers and payers use complex coding systems, which drives demand for technologically advanced CAC systems. The market for computer-assisted coding grows because it provides management of workflow process value by encouraging increasing efficiency in care delivery for large professional physician practices and ambulatory clinical facilities. By making more granular demarcation of diagnoses and care provided for each diagnosis, greater visibility into the care delivery system is provided. Greater visibility brings more ability to adapt the system to successful treatments. Key Topics Covered: Large Group Physician Practice Computer Assisted Coding Executive Summary - Medical Best Practice Linking - CAC for Coders - Computer Assisted Coding Best Practice - Coding Solutions - Physician Computer Assisted Coding Services - Natural Language Computer Assisted Coding Market Shares - Natural Language Computer Assisted Coding of Medical Procedures Forecasts - Medical Best Practice Linking 1. Large Physician Practice and Ambulatory Treatment Center Computer Assisted Coding Market Description and Market Dynamics 1.1 Physician Office Coding Challenge 1.2 Computer-Assisted Coding 1.3 Development of a CAC Tool For Physician Use 1.4 Healthcare Industry Largest In United States 1.5 Medical Necessity and Medical Necessity Errors 1.6 Physician Office Electronic Coding 1.7 Natural Language Solutions 1.8 Computerized Workflow System 2. Professional Large Physician Office Computer Assisted Coding Market Shares and Forecasts 2.2 Physician Office and Ambulatory Clinical Organizations Natural Language Computer Assisted Coding Market Shares 2.3 Natural Language Computer Assisted Coding of Medical Procedures Forecasts 2.4 Making the Shift To ICD-10 Requirements 2.5 Computer Assisted Coding Prices 2.6 Computer Assisted Coding Regional Analysis 3. Computer Assisted Coding Product Description 3.1 3M 3.2 Dolbey 3.3 Optum Coding Service 3.4 McKesson 3.5 Cerner Computer Assisted Coding 3.6 Platocode® Computer-Assisted Coding 3.7 Nuance Computer Assisted Coding 4. Computer Assisted Coding Research and Technology 4.1 Computer-Assisted Coding Technology 4.2 Hybrid Technology 4.3 Optum Computer Assisted Coding Technology 4.4 Natural Language Processing (NLP) Medical Coding 4.5 Reports Must Be In Some Kind Of Electronic Format 4.6 TeSSI® (Terminology Supported Semantic Indexing) 5. Computer Assisted Coding Company Profiles 5.1 CAC Key Market Players 5.2 3M 5.3 Cerner 5.4 Dolbey 5.5 EPIC 5.6 Group One / CodeCorrect 5.7 M*Modal 5.8 nThrive 5.9 Nuance 5.10 Quest Diagnostics 5.11 TruCode 5.12 UnitedHealth Group / Optum 5.13 Selected CAC Companies For more information about this report visit http://www.researchandmarkets.com/research/7x...arge_group
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