Report: Computer Assisted Coding Applications Slated for Strong Growth | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Report: Computer Assisted Coding Applications Slated for Strong Growth

October 20, 2014
by Rajiv Leventhal
| Reprints

Computer-assisted coding applications are poised for increased growth among hospitals, according new data from HIMSS Analytics, the research arm of the Healthcare Information and Management Systems Society.

Leveraging data from the HIMSS Analytics database, the report profiles 25 support service applications and medical devices being used in hospitals across the nation in terms of their market penetration (saturated, mature to maturing) against their projected sales volumes (decelerating, marginal to accelerating). Computer-assisted coding was observed as having the highest growth potential. According to HIMSS officials, this is a significant finding for health IT vendors as this accelerated projected sales volume is occurring in a maturing market.

“In preparation for the shift to ICD-10, it is no surprise that the sales potential for coding solutions is high,” Lorren Pettit, vice president of market research for HIMSS Analytics, said in a statement. “The findings suggest that market opportunities are ripe for vendors with computer-assisted coding solutions.

The 25 applications that were observed were divided into the following categories:

  • Ambulatory
  • Clinical & Business Intelligence
  • Document/Forms Management
  • Health Information Exchange (HIE)
  • Health Information Management (HIM)
  • Home Health
  • IS Infrastructure
  • IS Security
  • Medical Devices

Nearly half of the applications (11 of the 25) profiled can be characterized as standard business tools due to their relatively high market penetration level. Five applications— dictation with speech recognition, ambulatory electronic health record (EHR), disaster recovery system, single sign-on, and electronic forms management—were marked for a healthy growth trajectory over the next five years, while 15 applications reflected a growth trajectory of less than 10 percent during the same period.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).

Circulation, Buoy Health Collaborate on Integrated Platform for Patient Transportation

Boston-based startup Circulation Health, a ride-ordering exchange that coordinates medical transportation logistics using Lyft and other transportation partners, is partnering with Buoy Health, also based in Boston, to integrate their platforms to provide patients with an end-to-end healthcare experience.

HITRUST Provides NIST Cybersecurity Framework Certification

The Health Information Trust Alliance (HITRUST), security and privacy standards development and accreditation organization, announced this week a certification program for the National Institute of Standards and Technology's (NIST) Cybersecurity Framework (Framework).

Report: Interoperability in NHS England Faces Similar Barriers as U.S. Healthcare

Electronic patient record interoperability in NHS England is benefiting patient care, but interoperability efforts are facing barriers, including limited data sharing and cumbersome processes falling outside of the clinician workflow, according to a KLAS Research report.