Growing demand for coding services, as well as the growing need for a common language in healthcare to avoid fraud and misunderstanding, are projected to drive the worldwide medical coding market throughout the forecast period. Data security issues, high installation and maintenance costs, and changing medical coding rules are projected to stymie expansion in the worldwide medical coding industry. The increasing implementation of digital technologies like as electronic health records (EHR), mHealth, telehealth, and so on is projected to drive the worldwide medical coding industry forward. The rising frequency of chronic illnesses throughout the world is predicted to fuel development in the Medical coding is a global market. Chronic illnesses are the primary causes of mortality and disability throughout the world.
The global Medical Coding Market was valued at US$ 16,885.09 Mn in 2021 and is forecast to reach a value of US$ 31,870.82 Mn by 2028 at a CAGR of 9.6% between 2022 and 2028.
Top Companies in the Medical Coding Industry:
1. 3M Company
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota. On September 2016, 3M Acquires Medical Coding Technology Company Semfinder
2. Aviacode Inc.
Aviacode provides cloud-based medical coding software and services. The company was founded in 1999, headquartered in Utah, U.S. on Aug 2, 2021 GeBBS Healthcare Solutions acquired Aviacode for an undisclosed amount
3. Dolbey Systems Inc.
Dolbey is a developer of dictation, transcription, speech recognition, and coding products for healthcare. Dolbey markets and supports. The company was founded in 1914, headquartered in Ohio, U.S. on February 15, 2023 – ScribeEMR, a leading provider of remote medical scribe and practice management services, and Dolbey, formed a strategic partnership to offer a full range of EMR charting solutions for healthcare organizations seeking to improve workflow, boost productivity and increase profitability.
4. Maxim Health Information Services
Maxim Healthcare Services established leader in home healthcare, behavioral care, healthcare staffing, personal caregiving, and population health and wellness services across the United States. As a recognized provider of a comprehensive suite of services, they have been making a difference in the lives of their employees, caregivers, and patients for 30 years. The company was founded in 1988, headquartered in Maryland, U.S.
5. MRA Health Information Services
MRA provides a comprehensive collection of HR services, talent management, learning and organization development opportunities.The company was founded in 1901, headquartered in U.S.
6. Nuance Communications Inc.
Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers
