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Clinical Documentation Improvement (CDI) Market Trends

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

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Clinical Documentation Improvement Market Trends

The growing demand for accurate and comprehensive clinical documentation has led to the widespread adoption of electronic health record (EHR) systems. CDI programs ensure that digital records in EHR systems are precise, complete, and correctly coded, thereby improving clinical decision-making, enhancing patient care, and streamlining the reimbursement process. Therefore, the integration of CDI solutions with EHRs enhances data management and regulatory compliance, thereby driving demand for CDI in the healthcare industry.

For instance, in September 2019, 3M Health Information Systems and M*Modal introduced an AI-powered clinical documentation improvement tool to enhance speed and efficiency for clinicians and coders. This platform integrates AI into physician and CDI workflows, analyzing EHR notes and clinical data to identify gaps and deficiencies. This innovation is set to transform clinical documentation processes.

Thus, the growing adoption of EHRs, AI advancements, and the need for better healthcare outcomes and operational efficiency are factors that are driving the market growth.

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.