What is Medical Coding?

Medical coding is the process of translating healthcare procedures and diagnoses into universally recognized codes for billing, insurance claims, and data analysis.

How big is the U.S Medical Coding Market?

The U.S Medical Coding Market size was estimated at USD 18.6 billion in 2022 and is expected to reach USD 44 billion in 2032.

What is the U.S Medical Coding Market growth?

The U.S Medical Coding Market is expected to grow at a compound annual growth rate of 9.4%. From 2023 To 2032

Who are the key companies/players in the U.S Medical Coding Market?

Some of the key players in the U.S Medical Coding Markets are StarTek, Oracle, Maxim Healthcare Services, Parexel International Corporation, Aviacode Inc., Verisk Analytics, Inc., Medical Record Associates, LLC., Optum, Dolbey System Inc.

What are the Key Coding Systems Used in the U.S.?

The primary coding systems in the U.S. are ICD-10-CM for diagnoses, CPT for procedures, and HCPCS Level II for supplies and services.

Why is Medical Coding Important?

Medical coding ensures accurate billing, reimbursement, and healthcare data management, which is crucial for healthcare providers, insurers, and researchers.

What Are the Ethical Considerations in Medical Coding?

Coders must adhere to ethical standards, ensuring patient confidentiality, accuracy, and compliance with healthcare regulations.

U.S Medical Coding Market by Classification System (ICD, HSPCS, CPD), By Component (In-House and Outsourced), By Medical Specialty (Oncology, Anesthesia, Cardiology, Pathology, and Others), and By Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Published date: June 2024
Report ID: 105997
Number of Pages: 384
Format:

- 1. Executive Summary
  - 1.1. Definition
  - 1.2. Taxonomy
  - 1.3. Research Scope
  - 1.4. Key Analysis
  - 1.5. Key Findings by Major Segments
  - 1.6. Top strategies by Major Players
- 2. The US Medical Coding Overview
  - 2.1. Medical Coding Dynamics
    2.1.1. Drivers
    2.1.2. Opportunities
    2.1.3. Restraints
    2.1.4. Challenges
  - 2.2. Macro-economic Factors
  - 2.3. Regulatory Framework
  - 2.4. Market Investment Feasibility Index
  - 2.5. PEST Analysis
  - 2.6. PORTER’S Five Force Analysis
  - 2.7. Drivers & Restraints Impact Analysis
  - 2.8. Industry Chain Analysis
  - 2.9. Cost Structure Analysis
  - 2.10. Marketing Strategy
  - 2.11. Russia-Ukraine War Impact Analysis
  - 2.12. Opportunity Map Analysis
  - 2.13. Market Competition Scenario Analysis
  - 2.14. Product Life Cycle Analysis
  - 2.15. Opportunity Orbits
  - 2.16. Manufacturer Intensity Map
  - 2.17. Major Companies sales by Value & Volume
- 3. The US Medical Coding Analysis, Opportunity and Forecast, 2016-2032
  - 3.1. The US Medical Coding Analysis, 2016-2021
  - 3.2. The US Medical Coding Opportunity and Forecast, 2023-2032
  - 3.3. The US Medical Coding Analysis, Opportunity and Forecast, By Classification System, 2016-2032
    3.3.1. The US Medical Coding Analysis by Classification System: Introduction
    3.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Classification System, 2016-2032
    3.3.3. ICD
    3.3.4. HSPCS
    3.3.5. CPD
  - 3.4. The US Medical Coding Analysis, Opportunity and Forecast, By Component, 2016-2032
    3.4.1. The US Medical Coding Analysis by Component: Introduction
    3.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Component, 2016-2032
    3.4.3. In-House
    3.4.4. Outsourced
  - 3.5. The US Medical Coding Analysis, Opportunity and Forecast, By Medical Speciality, 2016-2032
    3.5.1. The US Medical Coding Analysis by Medical Speciality: Introduction
    3.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Medical Speciality, 2016-2032
    3.5.3. Emergency Services
    3.5.4. Oncology
    3.5.5. Anesthesia
    3.5.6. Cardiology
    3.5.7. Pathology
    3.5.8. Radiology
    3.5.9. Pain Management
    3.5.10. Other services
- 4. The US Medical Coding Competitive Landscape, Market Share Analysis, and Company Profiles
  - 4.1. Market Share Analysis
  - 4.2. Company Profiles
  - 4.3. StarTek
    4.3.1. Company Overview
    4.3.2. Financial Highlights
    4.3.3. Product Portfolio
    4.3.4. SWOT Analysis
    4.3.5. Key Strategies and Developments
  - 4.4. Oracle
    4.4.1. Company Overview
    4.4.2. Financial Highlights
    4.4.3. Product Portfolio
    4.4.4. SWOT Analysis
    4.4.5. Key Strategies and Developments
  - 4.5. Maxim Healthcare Services
    4.5.1. Company Overview
    4.5.2. Financial Highlights
    4.5.3. Product Portfolio
    4.5.4. SWOT Analysis
    4.5.5. Key Strategies and Developments
  - 4.6. Parexel International Corporation
    4.6.1. Company Overview
    4.6.2. Financial Highlights
    4.6.3. Product Portfolio
    4.6.4. SWOT Analysis
    4.6.5. Key Strategies and Developments
  - 4.7. Aviacode Inc.
    4.7.1. Company Overview
    4.7.2. Financial Highlights
    4.7.3. Product Portfolio
    4.7.4. SWOT Analysis
    4.7.5. Key Strategies and Developments
  - 4.8. Verisk Analytics, Inc.
    4.8.1. Company Overview
    4.8.2. Financial Highlights
    4.8.3. Product Portfolio
    4.8.4. SWOT Analysis
    4.8.5. Key Strategies and Developments
  - 4.9. Medical Record Associates, LLC.
    4.9.1. Company Overview
    4.9.2. Financial Highlights
    4.9.3. Product Portfolio
    4.9.4. SWOT Analysis
    4.9.5. Key Strategies and Developments
  - 4.10. Optum
    4.10.1. Company Overview
    4.10.2. Financial Highlights
    4.10.3. Product Portfolio
    4.10.4. SWOT Analysis
    4.10.5. Key Strategies and Developments
  - 4.11. Dolbey System Inc.
    4.11.1. Company Overview
    4.11.2. Financial Highlights
    4.11.3. Product Portfolio
    4.11.4. SWOT Analysis
    4.11.5. Key Strategies and Developments
  - 4.12. Other Key Players
    4.12.1. Company Overview
    4.12.2. Financial Highlights
    4.12.3. Product Portfolio
    4.12.4. SWOT Analysis
    4.12.5. Key Strategies and Developments
- 5. Assumptions and Acronyms
- 6. Research Methodology
- 7. Contact
- List of Figures
  - Figure 1: The US Medical Coding Revenue (US$ Mn) Market Share by Classification System in 2022
  - Figure 2: The US Medical Coding Market Attractiveness Analysis by Classification System, 2016-2032
  - Figure 3: The US Medical Coding Revenue (US$ Mn) Market Share by Componentin 2022
  - Figure 4: The US Medical Coding Market Attractiveness Analysis by Component, 2016-2032
  - Figure 5: The US Medical Coding Revenue (US$ Mn) Market Share by Medical Specialityin 2022
  - Figure 6: The US Medical Coding Market Attractiveness Analysis by Medical Speciality, 2016-2032
  - Figure 7: The US Medical Coding Revenue (US$ Mn) Market Share by Region in 2022
  - Figure 8: The US Medical Coding Market Attractiveness Analysis by Region, 2016-2032
  - Figure 9: The US Medical Coding Market Revenue (US$ Mn) (2016-2032)
  - Figure 10: The US Medical Coding Market Revenue (US$ Mn) Comparison by Region (2016-2032)
  - Figure 11: The US Medical Coding Market Revenue (US$ Mn) Comparison by Classification System (2016-2032)
  - Figure 12: The US Medical Coding Market Revenue (US$ Mn) Comparison by Component (2016-2032)
  - Figure 13: The US Medical Coding Market Revenue (US$ Mn) Comparison by Medical Speciality (2016-2032)
  - Figure 14: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Region (2016-2032)
  - Figure 15: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Classification System (2016-2032)
  - Figure 16: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Component (2016-2032)
  - Figure 17: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Medical Speciality (2016-2032)
  - Figure 18: The US Medical Coding Market Share Comparison by Region (2016-2032)
  - Figure 19: The US Medical Coding Market Share Comparison by Classification System (2016-2032)
  - Figure 20: The US Medical Coding Market Share Comparison by Component (2016-2032)
  - Figure 21: The US Medical Coding Market Share Comparison by Medical Speciality (2016-2032)
- List of Tables
  - Table 1: The US Medical Coding Market Comparison by Classification System (2016-2032)
  - Table 2: The US Medical Coding Market Comparison by Component (2016-2032)
  - Table 3: The US Medical Coding Market Comparison by Medical Speciality (2016-2032)
  - Table 4: The US Medical Coding Revenue (US$ Mn) Comparison by Region (2016-2032)
  - Table 5: The US Medical Coding Market Revenue (US$ Mn) (2016-2032)
  - Table 6: The US Medical Coding Market Revenue (US$ Mn) Comparison by Region (2016-2032)
  - Table 7: The US Medical Coding Market Revenue (US$ Mn) Comparison by Classification System (2016-2032)
  - Table 8: The US Medical Coding Market Revenue (US$ Mn) Comparison by Component (2016-2032)
  - Table 9: The US Medical Coding Market Revenue (US$ Mn) Comparison by Medical Speciality (2016-2032)
  - Table 10: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Region (2016-2032)
  - Table 11: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Classification System (2016-2032)
  - Table 12: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Component (2016-2032)
  - Table 13: The US Medical Coding Market Y-o-Y Growth Rate Comparison by Medical Speciality (2016-2032)
  - Table 14: The US Medical Coding Market Share Comparison by Region (2016-2032)
  - Table 15: The US Medical Coding Market Share Comparison by Classification System (2016-2032)
  - Table 16: The US Medical Coding Market Share Comparison by Component (2016-2032)
  - Table 17: The US Medical Coding Market Share Comparison by Medical Speciality (2016-2032)
- StarTek
- Oracle Corporation Company Profile
- Maxim Healthcare Services
- Parexel International Corporation
- Aviacode Inc.
- Verisk Analytics, Inc.
- Medical Record Associates, LLC.
- Optum
- Dolbey System Inc.
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