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Clinical Documentation Improvement (CDI) Market Share

Report ID: GMI9981
Published Date: Jun 2024
Report Format: PDF

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Clinical Documentation Improvement Market Share

The clinical documentation improvement industry is fiercely competitive with numerous leading players offering sophisticated solutions such as software and NLP tools. These solutions are integrated with EHR systems to boost accuracy and compliance in clinical documentation. Competition is fuelled by the demand for enhanced clinical documentation, regulatory adherence, and streamlined reimbursement processes. Major companies are investing heavily in technologies, and strategic alliances to stay ahead in this dynamic landscape.

Clinical Documentation Improvement Market Companies

Few of the prominent players operating in the clinical documentation improvement industry include:

3M
AGS Health
AQuity Solutions
Claro Healthcare
CorroHealth, Inc.
Craneware
GeBBS
Health Catalyst
Infinx Healthcare
Iodine Software
Nuance Communications
Omega Healthcare Management Services
Streamline Health
Vizient Inc.
Wellsoft

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Clinical documentation improvement industry size was worth USD 4.2 billion in 2023 and is projected to expand at 7.3% CAGR from 2024 to 2032 due to the increasing regulatory requirements and compliance standards in healthcare.

The solution component segment in the CDI industry accounted for USD 2.7 billion in 2023 and is anticipated to grow at 7.2% CAGR between 2024 and 2032, attributed to the high demand for solutions that improve the healthcare revenue cycle management by eliminating coding errors and automating manual coding practices.

The healthcare providers end-user segment in the CDI industry recorded 68.7% market share in 2023 and is estimated to depict substantial growth between 2024 and 2032, owing to the growing need to optimize revenue cycle management and ensure accurate clinical documentation.

U.S. CDI industry accounted for USD 1.8 billion in 2023 and is projected to witness substantial gains from 2024 to 2032, accrued to the presence of well-established healthcare system with advanced infrastructure.