Medical Coding Service Market
Medical Coding Service Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Medical Coding Service Market Size and Growth
The Medical Coding Service market is experiencing robust growth, driven by increasing healthcare expenditures and the demand for accurate billing. As of 2023, the market size is projected to reach approximately $5 billion, with a compound annual growth rate (CAGR) of around 10%. Key trends include technological advancements and outsourcing practices.
Companies Covered
(Covid 19 Impact Covered)
◍ STARTEK Health
◍ Oracle
◍ 3M
◍ Aviacode
◍ Maxim Health Information Services
◍ nThrive
◍ Medical Record Associates
◍ MRA Health Information Services
◍ Dolbey
◍ Cerner
◍ Genpact
The Medical Coding Service Market features key players like STARTEK Health, Oracle, and 3M, providing coding accuracy and compliance. Companies like nThrive and Genpact leverage technology for efficiency. With strong service portfolios, they enhance market growth by meeting rising demand for healthcare data management. Revenue details include:
- 3M: ~$33 billion (total revenue)
- Oracle: ~$40 billion (total revenue)
- Genpact: ~$3 billion (total revenue)
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Market Segmentation
By Application
Hospitals
Clinics
Nursing Home
Others
By Product
◍ International Classification of Diseases
Healthcare Common Procedure Code System
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$ 53.60 Million
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