Large Group Physician Practice Computer Assisted Coding for Professionals: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023

WinterGreen Research announces that it has published a new study Large Group Physician Office Practice Computer Assisted Coding: Market Shares, Strategy, and Forecasts, Worldwide, 2017 to 2023. Large physician practices seek next generation computer assisted coding to support further automation of the billing process and use of analytics to achieve higher and faster payments for services rendered. The study has 243 pages and 82 tables and figures.

Large physician office computer assisted coding of medical information uses natural language solutions to link the physician notes in an electronic patient record to the codes used for billing Medicare, Medicaid, and private insurance companies.

Physician Practice Professionals and Ambulatory Treatment Centers Use Computer Assisted Coding Systems To Streamline ICD-10.

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.

This is the 693nd report in a series of primary market research reports that provide forecasts in communications, telecommunications, the Internet, computer, software, telephone equipment, health equipment, and energy. Automated process and significant growth potential are a priority in topic selection. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. They are supported by a team, each person with specific research tasks and proprietary automated process database analytics. Forecasts are based on primary research and proprietary data bases.

The primary research is conducted by talking to customers, distributors and companies. The survey data is not enough to make accurate assessment of market size, so WinterGreen Research looks at the value of shipments and the average price to achieve market assessments. Our track record in achieving accuracy is unsurpassed in the industry. We are known for being able to develop accurate market shares and projections. This is our specialty.

The analyst process is concentrated on getting good market numbers. This process involves looking at the markets from several different perspectives, including vendor shipments. The interview process is an essential aspect as well. We do have a lot of granular analysis of the different shipments by vendor in the study and addenda prepared after the study was published if that is appropriate.

Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participant in the segment. Installed base analysis and unit analysis is based on interviews and an information search. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, opinion leaders, and companies seeking to develop measurable market share.