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Clinical Documentation Improvement (CDI) Market Size

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

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Clinical Documentation Improvement Market Size

Clinical Documentation Improvement Market size was valued at USD 4.2 billion in 2023 and is estimated to grow at 7.3% CAGR from 2024 to 2032. The market has seen considerable growth due to the increasing regulatory requirements and compliance standards in healthcare.

Clinical Documentation Improvement (CDI) Market

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The transition to value-based care models, emphasizing quality over quantity, necessitated accurate and detailed clinical documentation to ensure appropriate reimbursement and compliance with standards such as ICD-10 and ICD-11. This regulatory push compels healthcare providers to adopt CDI solutions, enhancing documentation accuracy, improving patient care, and optimizing revenue cycle management. Additionally, advancements in healthcare information technology (IT), including natural language processing (NLP) and artificial intelligence (AI) in healthcare, further boost the efficiency and adoption of CDI programs.

Clinical Documentation Improvement Market Report Attributes
Report Attribute	Details
Base Year:	2023
Clinical Documentation Improvement Market Size in 2023:	USD 4.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.3%
2032 Value Projection:	USD 7.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	140
Tables, Charts & Figures:	243
Segments covered:	Component, End-user, and Region
Growth Drivers:	Increased regulatory requirements and the need for compliance Rising healthcare costs and the need to optimize reimbursement processes Growing adoption of electronic health records (EHRs)
Pitfalls & Challenges:	Data privacy and security

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CDI is a process aimed at enhancing the quality and accuracy of patient health records. It involves ensuring that clinical documentation accurately reflects the patient’s condition, treatments, and care provided. CDI programs involve collaboration between healthcare providers, coders, and CDI specialists to capture complete and precise information, which is crucial for accurate coding, billing, and reporting.

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.