Rising EHR Adoption and ICD-10 Implementation Transforming the Computer Assisted Coding Market in Select European Countries, 2020

Rising EHR Adoption and ICD-10 Implementation Transforming the Computer Assisted Coding Market in Select European Countries, 2020

The Focus on Improving Documentation Efficiency and Achieving Maximum Reimbursement Drives Growth Opportunities

RELEASE DATE
10-Sep-2020
REGION
Europe
Research Code: MF69-01-00-00-00
SKU: HC03335-EU-MT_24708

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Description

Clinical documentation using the electronic medical record (EMR) is the base for performing coding. Coding is predominantly done through manual work performed by a combination of coding/data management teams enabled by EMR, with few hospitals investing in specialized computer assisted coding (CAC) solutions. Majority of the hospitals are aware of the advantages of CAC solutions and are planning to migrate to a system that improves the accuracy of coding.

Most hospitals are keen to have CAC solutions that can be integrated with EMR. Documentation guidance at the point of care will reduce the burden on collaborating with physicians for clarifications. The post-COVID era is expected to usher in changes on how clinicians document and how hospitals code data for improving clinical and financial outcomes.

This research study evaluates the current coding practices in Sweden, Norway, Denmark, The Netherlands, Turkey, France, Germany, and Belgium, and identifies the role of CAC software. The study also discusses the growth opportunities for CAC in these selected countries and covers the competitive landscape in detail.

Table of Contents

Purpose of this Experiential Study

Strategic Imperatives

5 Step Process to Transformational Growth

Landscape of Key EMR and CAC Vendors

Landscape of Key EMR and CAC Vendors (continued)

Market Definitions

Macro to Micro Visioning

Current Business Models and Trends/Factors Impacting the CAC Market

Evolving Opportunities and Trends/Factors—Impact of COVID-19

Evolving Opportunities and Trends/Factors—Impact of COVID-19 (continued)

Top Predictions for the CAC Market

Levers for Growth

Growth Opportunity 1—Reduce Manual Coding

Growth Opportunity 2—Value-based Care Models in Reimbursement

Growth Opportunity 3—Increased MHDS Focus of Health Systems

Growth Opportunity 4—Clinical Decision Support

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Clinical Coding Workflow—Role of Coding in Reimbursement (continued)

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Clinical Coding Workflow—Role of Coding in Reimbursement (continued)

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Healthcare Ecosystem

Healthcare IT Ecosystem

Reimbursement Workflow—Funding Flow for Providers

Clinical Coding Workflow—Role of Coding in Reimbursement

Clinical Coding Workflow—Role of Coding in Reimbursement (continued)

Adoption of CAC—Level of Clinical Documentation and Coding

Adoption of CAC—Solutions Enabling Coding

Adoption of CAC—Key Vendors

Adoption of CAC—Future Potential

Key Competitors

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Key Competitors (continued)

Legal Disclaimer

Representative of Number of Respondents Interviewed per Country

Respondents Profile

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Clinical documentation using the electronic medical record (EMR) is the base for performing coding. Coding is predominantly done through manual work performed by a combination of coding/data management teams enabled by EMR, with few hospitals investing in specialized computer assisted coding (CAC) solutions. Majority of the hospitals are aware of the advantages of CAC solutions and are planning to migrate to a system that improves the accuracy of coding. Most hospitals are keen to have CAC solutions that can be integrated with EMR. Documentation guidance at the point of care will reduce the burden on collaborating with physicians for clarifications. The post-COVID era is expected to usher in changes on how clinicians document and how hospitals code data for improving clinical and financial outcomes. This research study evaluates the current coding practices in Sweden, Norway, Denmark, The Netherlands, Turkey, France, Germany, and Belgium, and identifies the role of CAC software. The study also discusses the growth opportunities for CAC in these selected countries and covers the competitive landscape in detail.
More Information
No Index No
Podcast No
Author Vrinda Vishal Garg
Industries Healthcare
WIP Number MF69-01-00-00-00
Is Prebook No
GPS Codes 9575-B1,9600-B1,9612-B1