- February 25, 2021
- Category: Healthcare and LifeSciences, Healthcare Services
Global Clinical Documentation Improvement Market Size study, by Product & Services (Solution and Consulting service), by End-User (Healthcare providers and Healthcare payers) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Clinical documentation improvement market, by Region, 2018-2027 (USD Billion) 1.2.2. Clinical documentation improvement market, by Product & services, 2018-2027 (USD Billion) 1.2.3. Clinical documentation improvement market, by End-user, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Clinical documentation improvement Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Clinical documentation improvement Market Dynamics 3.1. Clinical documentation improvement Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Clinical documentation improvement Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Clinical documentation improvement market, by Product & services 5.1. Market Snapshot 5.2. Global Clinical documentation improvement Market by Product & services ,by performance- Potential Analysis 5.3. Global Clinical documentation improvement Market Estimates & Forecasts by Product & services 2017-2027 (USD Billion) 5.4. Clinical documentation improvement market, Sub Segment Analysis 5.4.1. Solution 5.4.2. Consulting service Chapter 6. Global Clinical documentation improvement market, by End-user 6.1. Market Snapshot 6.2. Global Clinical documentation improvement Market by End-user ,by performance- Potential Analysis 6.3. Global Clinical documentation improvement Market Estimates & Forecasts by End-user 2017-2027 (USD Billion) 6.4. Clinical documentation improvement market, Sub Segment Analysis 6.4.1. Healthcare providers 6.4.2. Healthcare payers Chapter 7. Global Clinical documentation improvement market, Regional Analysis 7.1. Clinical documentation improvement market, Regional Market Snapshot 7.2. North America Clinical documentation improvement Market 7.2.1. U.S. Clinical documentation improvement market 22.214.171.124. Product & services breakdown estimates & forecasts, 2017-2027 126.96.36.199. End-user breakdown estimates & forecasts, 2017-2027 7.2.2. Canada Clinical documentation improvement market 7.3. Europe Clinical documentation improvement Market Snapshot 7.3.1. U.K. Clinical documentation improvement Market 7.3.2. Germany Clinical documentation improvement market 7.3.3. France Clinical documentation improvement market 7.3.4. Spain Clinical documentation improvement market 7.3.5. Italy Clinical documentation improvement market 7.3.6. Rest of Europe Clinical documentation improvement market 7.4. Asia-Pacific Clinical documentation improvement Market Snapshot 7.4.1. China Clinical documentation improvement Market 7.4.2. India Clinical documentation improvement Market 7.4.3. Japan Clinical documentation improvement market 7.4.4. Australia Clinical documentation improvement market 7.4.5. South Korea Clinical documentation improvement market 7.4.6. Rest of Asia Pacific Clinical documentation improvement market 7.5. Latin America Clinical documentation improvement Market Snapshot 7.5.1. Brazil Clinical documentation improvement market 7.5.2. Mexico Clinical documentation improvement market 7.6. Rest of The World Clinical documentation improvement market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. 3M Company 188.8.131.52. Key Information 184.108.40.206. Overview 220.127.116.11. Financial (Subject to Data Availability) 18.104.22.168. Product & services Summary 22.214.171.124. Recent Developments 8.2.2. Optum, Inc. (A Subsidiary of Unitedhealth Group, Inc.) 8.2.3. Nuance Communications, Inc. 8.2.4. Access Healthcare System Pvt Ltd 8.2.5. Dolbey Systems 8.2.6. Nthrive, Inc. 8.2.7. Streamline Health Solutions, LLC 8.2.8. Vitalware, LLC. 8.2.9. Chartwise Medical Systems, Inc. 8.2.10. Coronis Health Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Clinical Documentation Improvement Market is valued approximately USD 3.85 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.1% over the forecast period 2020-2027. Hospitals and health workplaces have to utilize patient’s data and it is also essential for them to capture data and documents properly. Clinical Documentation Improvement solutions helps health organizations to record every events of patients’ encounter accurately. This electronic health record will properly reflect record of the services provided to the patients. Also, it improves quality of patient care as well as helps to lessen the reimbursement. Clinical Documentation Improvement solutions consist of Clinical Documentation, Clinical Coding, Charge Capture, Diagnosis-Related Grouping (DRG) and Pre-bill Review. The rising healthcare spending across different countries coupled with growing health sector is expected to upsurge the adoption of clinical documentation improvement services over the forecast period. Global health spending rose by 3.9 percent a year between 2000 and 2017 in actual terms, while the economy expanded by 3.0 percent a year. Middle-income countries are converging increasingly towards higher investment levels. Moreover, the frequent modifications to the policies and guidelines coupled with growing need to minimize loss of revenue due to medical billing mistakes creates a demand for clinical documentation improvement solutions. For instance, as per Medical Billing and Coding certification report a public opinion survey held in 2017 which was conducted by Copatient stated that around 72% of Americans are confused and are not satisfied with their medical bills and 94% of them reported their medical bills to be too expensive. However, risk associated with healthcare IT solution is the major factor restraining the growth of global Clinical Documentation Improvement market during the forecast period.
The regional analysis of global Clinical Documentation Improvement market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the fast adoption of new technology and growing healthcare insurance industry in the US, with programs such as Medicare and Medicaid, plays a primary role in the country’s healthcare delivery system. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Optum, Inc. (A Subsidiary of Unitedhealth Group, Inc.)
Nuance Communications, Inc.
Access Healthcare System Pvt Ltd
Streamline Health Solutions, LLC
Chartwise Medical Systems, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Services:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Clinical Documentation Improvement Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers