Market Overview:
The global clinical documentation improvement (CDI) market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for CDI services from healthcare providers and healthcare payers. The other factors that are contributing to the growth of this market include the growing need for accurate and timely medical information, rising incidence of chronic diseases, and implementation of stringent government regulations pertaining to healthcare data accuracy. On the basis of type, the global CDI market is segmented into clinical documentation, clinical coding, charge capture solutions, pre-bill review, diagnosis-related grouping (DRG), and other segments. Clinical documentation is further sub-segmented into transcription services and medical coding services. Charge capture solutions are further sub-segmented into revenue cycle management (RCM) software and health information management (HIM) software. Pre-bill review is further sub-segmented into denial management software and claim scrubbing software. DRG is further sub-segmented into standard classification system for DRGs (SCS) 4th edition & 5th edition DRGs). Other segments include image analysis services, chart abstraction services, etc.
Product Definition:
A clinical documentation improvement (CDI) program is a systematic way of ensuring that all health information, including patient diagnoses, procedures and treatments are captured in the medical record. The goal of CDI is to improve the accuracy and completeness of clinical documentation, so that it can be used as a tool for quality improvement and to help inform decision making. Clinical documentation must accurately reflect what happened during the care of a patient in order to support good clinical care, satisfy regulatory requirements and provide data for research purposes.
Clinical Documentation:
Clinical documentation improvement is a growing field that has witnessed significant growth over the past few years. The primary factor responsible for this growth is the rising need to reduce medical errors in hospitals, clinics, and other healthcare facilities. In order to eliminate these errors, healthcare professionals have started using clinical documentation tools which are also known as electronic health records (EHR). EHRs include all information related to patients’ history and care such as lab tests results etc.
Clinical Coding:
Clinical coding and it's usage in clinical documentation improvement market is a medical service that provides accurate, reliable and comprehensive classification of diseases, disorders & injuries for reimbursement purposes. It also helps in improving the quality of patient care by providing better understanding regarding insurance benefits & coverage.
Application Insights:
The healthcare providers segment dominated the global clinical documentation improvement market in 2017. This can be attributed to the rising number of initiatives by various organizations and governments to improve care quality. For instance, in 2014, The Joint Commission launched a new initiative called ¢â‚¬Å“Clinical Quality Improvement (CQI) Program¢â‚¬ which aimed at improving patient safety through continuous quality improvement activities within healthcare facilities. As part of this initiative, it developed a set of standards that hospitals should follow while conducting CQI activities.
In addition, growing demand for clinical documentation among health systems is expected to drive growth over the forecast period due to factors such as increasing investments by public-private partnerships for developing state-of-the-art medical facilities and equipment coupled with an increase in R&D investments for developing novel drugs & devices that are more effective than conventional ones is anticipated to fuel market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high investments in healthcare IT and an increase in government initiatives for improving healthcare outcomes. The Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing demand for improved patient care, rising awareness about EHRs and electronic medical records (EMRs), growing penetration of health IT companies, supportive government policies & regulatory reforms and economic development.
Growth Factors:
- Increasing demand for quality and accurate clinical documentation
- Rising incidence of chronic diseases
- Growing number of healthcare facilities and hospitals
- Proliferation of private clinics and diagnostic centers
- Technological advancements in the field of medical transcription
Scope Of The Report
Report Attributes
Report Details
Report Title
Clinical Documentation Improvement Market Research Report
By Type
Clinical Documentation, Clinical Coding, Charge Capture Solutions, Pre-Bill Review, Diagnosis-Related Grouping, Other
By Application
Healthcare Providers, Healthcare Payers
By Companies
3M Company, Optum, Nuance, M*Modal, NThrive, Dolbey Systems, Streamline Health, Vitalware, Craneware, Epic Systems, Cerner, Iodine Software, Flash Code
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Clinical Documentation Improvement Market Report Segments:
The global Clinical Documentation Improvement market is segmented on the basis of:
Types
Clinical Documentation, Clinical Coding, Charge Capture Solutions, Pre-Bill Review, Diagnosis-Related Grouping, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare Providers, Healthcare Payers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Company
- Optum
- Nuance
- M*Modal
- NThrive
- Dolbey Systems
- Streamline Health
- Vitalware
- Craneware
- Epic Systems
- Cerner
- Iodine Software
- Flash Code
Highlights of The Clinical Documentation Improvement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clinical Documentation
- Clinical Coding
- Charge Capture Solutions
- Pre-Bill Review
- Diagnosis-Related Grouping
- Other
- By Application:
- Healthcare Providers
- Healthcare Payers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clinical Documentation Improvement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clinical documentation improvement is a process that helps healthcare providers improve the quality of their patient records. It involves identifying and correcting errors, inconsistencies, and inaccuracies in patient records so that they are more accurate and useful.
Some of the key players operating in the clinical documentation improvement market are 3M Company, Optum, Nuance, M*Modal, NThrive, Dolbey Systems, Streamline Health, Vitalware, Craneware, Epic Systems, Cerner, Iodine Software, Flash Code.
The clinical documentation improvement market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clinical Documentation Improvement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Clinical Documentation Improvement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clinical Documentation Improvement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Clinical Documentation Improvement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Clinical Documentation Improvement Market Size & Forecast, 2018-2028
4.5.1 Clinical Documentation Improvement Market Size and Y-o-Y Growth
4.5.2 Clinical Documentation Improvement Market Absolute $ Opportunity
Chapter 5 Global Clinical Documentation Improvement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Clinical Documentation Improvement Market Size Forecast by Type
5.2.1 Clinical Documentation
5.2.2 Clinical Coding
5.2.3 Charge Capture Solutions
5.2.4 Pre-Bill Review
5.2.5 Diagnosis-Related Grouping
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Clinical Documentation Improvement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Clinical Documentation Improvement Market Size Forecast by Applications
6.2.1 Healthcare Providers
6.2.2 Healthcare Payers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clinical Documentation Improvement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clinical Documentation Improvement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Clinical Documentation Improvement Analysis and Forecast
9.1 Introduction
9.2 North America Clinical Documentation Improvement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Clinical Documentation Improvement Market Size Forecast by Type
9.6.1 Clinical Documentation
9.6.2 Clinical Coding
9.6.3 Charge Capture Solutions
9.6.4 Pre-Bill Review
9.6.5 Diagnosis-Related Grouping
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Clinical Documentation Improvement Market Size Forecast by Applications
9.10.1 Healthcare Providers
9.10.2 Healthcare Payers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Clinical Documentation Improvement Analysis and Forecast
10.1 Introduction
10.2 Europe Clinical Documentation Improvement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Clinical Documentation Improvement Market Size Forecast by Type
10.6.1 Clinical Documentation
10.6.2 Clinical Coding
10.6.3 Charge Capture Solutions
10.6.4 Pre-Bill Review
10.6.5 Diagnosis-Related Grouping
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Clinical Documentation Improvement Market Size Forecast by Applications
10.10.1 Healthcare Providers
10.10.2 Healthcare Payers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Clinical Documentation Improvement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Clinical Documentation Improvement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Clinical Documentation Improvement Market Size Forecast by Type
11.6.1 Clinical Documentation
11.6.2 Clinical Coding
11.6.3 Charge Capture Solutions
11.6.4 Pre-Bill Review
11.6.5 Diagnosis-Related Grouping
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Clinical Documentation Improvement Market Size Forecast by Applications
11.10.1 Healthcare Providers
11.10.2 Healthcare Payers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Clinical Documentation Improvement Analysis and Forecast
12.1 Introduction
12.2 Latin America Clinical Documentation Improvement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Clinical Documentation Improvement Market Size Forecast by Type
12.6.1 Clinical Documentation
12.6.2 Clinical Coding
12.6.3 Charge Capture Solutions
12.6.4 Pre-Bill Review
12.6.5 Diagnosis-Related Grouping
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Clinical Documentation Improvement Market Size Forecast by Applications
12.10.1 Healthcare Providers
12.10.2 Healthcare Payers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Clinical Documentation Improvement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Clinical Documentation Improvement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Clinical Documentation Improvement Market Size Forecast by Type
13.6.1 Clinical Documentation
13.6.2 Clinical Coding
13.6.3 Charge Capture Solutions
13.6.4 Pre-Bill Review
13.6.5 Diagnosis-Related Grouping
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Clinical Documentation Improvement Market Size Forecast by Applications
13.10.1 Healthcare Providers
13.10.2 Healthcare Payers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clinical Documentation Improvement Market: Competitive Dashboard
14.2 Global Clinical Documentation Improvement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Company
14.3.2 Optum
14.3.3 Nuance
14.3.4 M*Modal
14.3.5 NThrive
14.3.6 Dolbey Systems
14.3.7 Streamline Health
14.3.8 Vitalware
14.3.9 Craneware
14.3.10 Epic Systems
14.3.11 Cerner
14.3.12 Iodine Software
14.3.13 Flash Code
