Computer Assisted Coding Of Medical Information Market Shares Strategies, and Forecasts 2008 to 2014

$3300 - Single Copy or $4300 - Web Posting | Report # SH29821671 | 327 Pages | 110 Tables and Figures | 2008

Computer Assisted Coding Of Medical Information

Check Out These Key Topics
NATURAL LANGUAGE CODING
NLC
COMPUTER ASSISTED CODING
CAC
Rules Based Coding Technology
Medical Coding
Medical Necessity
Electronic Medical Record
Electronic Medical Coding
NATURAL LANGUAGE SOLUTIONS
COMPUTERIZED MEDICAL WORKFLOW
CLAIMS SCRUBBERS
TESSI® (TERMINOLOGY SUPPORTED SEMANTIC INDEXING)
ELECTRONIC CODING FOR PHYSICIANS
MEDICAL NECESSITY
CORRECT CODING TOOLS
PHYSICIAN ELECTRONIC MEDICAL RECORD (EMR) SYSTEMS
LANGUAGE AND COMPUTING
ONTOLOGY ASSISTED SOLUTIONS
DIAGNOSIS CODES
PROCEDURE CODES

Computer Assisted Coding Of Medical Information Market Shares Strategies, and Forecasts 2008 to 2014

 

Systems are implemented with natural language pattern recognition in order to assign appropriate billing codes based on the language and the context in which those patterns of language occur. Properly designed natural language processing (NLP) solutions do not require physicians to change the way they work. They can dictate in a free-flowing fashion, consistent with the way they think, and are not limited to structured inputs that may or may not fully capture the unique circumstances of each patient encounter.

Matching codes generated from physician notes to standard treatment protocols promises to improve health care delivery. Accompanying that type of physician patient management against best practice promises to revolutionize health care delivery. The ability ot further check as to whether the recommendations for follow up made by radiologists and matching the commendations with the actual follow up heralds’ significant promise of vastly improved health care delivery.

Computer assisted coding applications depend on the development of production quality natural language processing (NLP)-based computer assisted coding applications. This requires a process-driven approach to software development and quality assurance.

A well-defined software engineering process consists of requirements analysis, preliminary design, detailed design, implementation, unit testing, system testing and deployment. NLP complex technology defines the key features of a computer assisted coding (CAC) application.

Automation of process will revolutionize health care delivery. In addition to automating the insurance, billing, and transaction systems, streamlined care delivery is an added benefit. The ability to look at workflow and compare actual care to best practice is fundamental to automated business process.

The ability to link diagnostic patient information to treatment regimes and drug prescriptions is central to improving medical care delivery. Once a physician can see what conditions need to be followed, and see that appropriate care has been prescribed 100% of the time, care delivery improves dramatically. Diagnosis of conditions using radiology frequently results in detection of events that need followup.

Emergency department visits rose 20 percent in 2008, while the number of available emergency centers fell by 15 percent. A study from the American Hospital Association indicated that 62 percent of hospitals feel they are at or over operating capacity. That number jumps to 90 percent when considering Level 1 Trauma Centers and larger (300+ beds) hospitals. According to a report from the General Accounting Office, two-thirds of EDs diverted ambulances.

Worldwide, the computer assisted coding markets are anticipated to grow from $50.9 million in 2007 to $2.7 billion in 2014. The markets are primarily U.S. markets because of the primary role that insurance plays in the health care delivery system. Worldwide markets start to grow as more hospitals and physician offices seek to get control of systems costs and introduce automated process systems.

Companies Profiled
A-Life Medical
CodeRyte
3M Health Information Systems
CraneWare
MDS Medical
QuadraMed
Meditech
LingoLogix
Cerner

Artifical Medical Intelligence AMI
Accuro / CodeCorrect
Language and Computing
PLATO
WCC
Professionals (RBMP)
AHIMA Computer-Assisted Coding Software
Standards Workshop
Radiology Business Management



Report Methodology

This is the 359th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. 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 participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.

About the Company

WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.

About the Principal Authors

Ellen T. Curtiss, Technical Director, co-founder of WinterGreen Research, conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets and the Top Ten Telecommunications market analysis and forecasts.

Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Service Oriented Architecture (SOA) marketing strategies, Internet software, a study of Push to Talk Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Business Process Management, Servers, Blades, the Mainframe as a Green Machine, and Application Server markets. Ms. Eustis is a graduate of Barnard College.

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