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Mid-Revenue Cycle Management/Clinical Documentation
Improvement Market|key players are 3M Company, Nuance
Communications, Iodine Software,Inc., Dolbey, nThrive, Inc.,
Streamline Health Solutions, LLC, VitalWare, LLC., M*Modal,
Optum, Inc., Craneware, TruCode LLC, and Cerner
Corporation.
Mid-Revenue Cycle Management/Clinical Documentation Improvement
Market by Product & Service (Solutions, Consulting Services), End User (Healthcare
Providers, Healthcare Payers), and Geography- Global Forecast to 2025”.
In order to minimize healthcare costs, check the loss of revenue due to medical
billing and coding errors, resolve issues raised by the decline in reimbursement rates,
manage ever-increasing amounts of unstructured data, and maintain regulatory
compliance, the use of mid-RCM solutions is increasing in healthcare organizations
across the globe. However, the factors such as lack of IT infrastructure in developing
countries, scarcity of skilled IT professionals, and the risks associated with HCIT
solutions in terms of data security & privacy are hindering the growth of the market
to some extent.
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Solutions Segment Dominate the Market in 2018
Based on product and service, mid-revenue cycle management/clinical
documentation improvement market is segmented into solutions and consulting
services. Solution segment commanded the largest share of the mid-revenue cycle
management/clinical documentation improvement market in 2018, owing to the
highly lucrative manner of improving revenue cycle productivity by eliminating
coding errors allied with manual coding practices and help streamline the workflow
surrounded by the healthcare organizations.
Healthcare Provider Spurs the Demand for Mid-Revenue Cycle
Management/Clinical Documentation Improvement Solutions
Healthcare provider commanded the largest share of mid-revenue cycle
management/clinical documentation improvement market in 2018. The growth of
this segment is mainly attributed to rising demand of these solutions from healthcare
providers for data accuracy in clinical documentation, minimizing coding errors to
increase revenue, and shortening the claim reimbursement cycle.
North America Dominates the Market, while Asia Pacific Leads the
Growth
North America commanded the largest share of the mid-revenue cycle
management/clinical documentation improvement market in 2018, owing to
increasing demand for advanced computer-assisted coding systems and rend of
decreasing reimbursement rates throughout the region. However, the Asia-Pacific
region is projected to grow at a significant pace in the next few years, mainly due to
the improving healthcare infrastructure and the rising healthcare insurance coverage
and medical tourism.
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Table of contents:
•
Introduction
•
Research Methodology
•
Executive Summary
•
Market Insights
•
Global Mid-Revenue Cycle Management/Clinical Documentation
Improvement Market, By Product & service
•
Global Mid-Revenue Cycle Management/Clinical Documentation
Improvement Market, By End User
•
Geographic Analysis
•
Competitive Landscape
•
Company Profiles (Business Overview, Financial Overview, Product & Service
Portfolio, Strategic Developments)
•
Appendix
Key Players in the Mid-Revenue Cycle Management/Clinical
Documentation Improvement Market
The key players operating in the mid-revenue cycle management/clinical
documentation improvement market are 3M Company, Nuance Communications,
Inc., Iodine Software, ChartWise Medical Systems, Inc., Dolbey Systems, Inc.,
nThrive, Inc., Streamline Health Solutions, LLC, VitalWare, LLC., M*Modal, Optum,
Inc., Craneware, Epic Systems Corporation, TruCode LLC, and Cerner Corporation.
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