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The solutions segment to hold the largest share of the market in 2018.
On the basis of product & service, the mid-revenue cycle management/clinical documentation improvement market is segmented into solutions and consulting services. In 2017, solutions accounted for the largest share of the mid-revenue cycle management solutions market. The large share of the solutions segment can be attributed to the benefits offered by mid-revenue cycle solutions when they are integrated with EHRs/EMRs, encoder systems, voice/text/speech recognition software, CDI, transcription systems, and other hospital information management systems. Moreover, these solutions also eliminate the duplication of administrative work of entering selected codes into each record. They also decrease the potential for data documentation, charge capture, and coding errors, and improve the overall mid-revenue cycle process.
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Some of the key players in Mid-Revenue Cycle Management and Clinical Documentation Improvement market include-
• Dolbey Systems
• Streamline Health
• Epic Systems
• Iodine Software
• Flash Code
The clinical coding segment accounted for the largest share of the market in 2017.
The mid-revenue cycle management solutions market is further segmented into clinical documentation, clinical coding, charge capture, clinical documentation improvement (CDI), pre-bill review, and disease-related grouping (DRG). The clinical coding segment accounted for the largest market share in 2017. Clinical coding solutions are increasingly being used as an effective tool to maximize the revenue of organizations by reducing coding errors and minimizing the claims reimbursement cycle. Clinical coding solutions are a highly cost-effective method of improving revenue cycle productivity, as they help in reducing or eliminating coding errors associated with manual coding practices and help streamline the workflow within a healthcare organization.
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. The competitive spectrum of the Mid-Revenue Cycle Management and Clinical Documentation Improvement market has been dealt with firmly in the report. The vast expanse of this information is certain to help potential stakeholders and plausible new entrants gain an insight about the Mid-Revenue Cycle Management and Clinical Documentation Improvement market and the various challenges it presents. The details about the competitive landscape presented in the report may also provide an evaluation of the prominent market vendors, their growth profiles, growth strategies, etc., helping stakeholders in quicker decision-making.
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The Mid-Revenue Cycle Management and Clinical Documentation Improvement Market report concludes that the industry is intensely competitive and fragmented because of the presence of prominent players participating in the market. These players adopt several marketing strategies to expand their market share. The vendors available in the market compete centered on price, quality, brand, product differentiation, and product portfolio. The vendors are increasingly emphasizing product customization through customer interaction.
Market segment by Type, the product can be split into
• Clinical Documentation
• Clinical Coding
• Charge Capture
• Pre-Bill Review
Market segment by Application, split into
The study objectives of this report are:
• To analyze global Mid-Revenue Cycle Management and Clinical Documentation Improvement status, future forecast, growth opportunity, key market and key players.
• To present the Mid-Revenue Cycle Management and Clinical Documentation Improvement development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
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