AI in Medical Coding Market - Top Companies and Manufacturers

  • Report ID: 6493
  • Published Date: Oct 01, 2024
  • Report Format: PDF, PPT

Companies Dominating the AI in Medical Coding Landscape

    To increase their AI in medical coding market share, the major competitors use tactics including alliances, joint ventures, and mergers and acquisitions. Important players are expanding their reach by launching new goods and services. For example, in May 2023, Henry Ford Health and Codametrix jointly presented the Autonomous Bedside Pro (ABP) medical coding solution. With the help of the ABP system, physicians may record clinical documentation in real time. AI algorithms then evaluate this data to provide accurate and compliant codes. This creative approach streamlines the workflow, gets rid of the need for manual coding, and minimizes coding backlogs while increasing productivity and coding accuracy. Here are some leading players in the AI in medical coding market:

    • Nuance Communications, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • 3M
    • AGS Health
    • Aidéo Technologies
    • aiHealth
    • Arintra
    • Buddi AI
    • Clinion
    • CodaMatrix
    • Corti HQ

Browse Key Market Insights with Data Illustration:

In the News

  • In July 2024, Exela Technologies, Inc. announced a strategic partnership with AIDEO Technologies, a top AI platform that specializes in autonomous coding for healthcare. This partnership has the potential to completely transform the medical billing industry by improving accuracy and efficiency everywhere. To enhance other AI-driven initiatives, Exela's strategic initiative integrates generative AI throughout all of its products and services.
  • In April 2023, 3M Health Information Systems and Amazon Web Services (AWS) collaborated to improve the M Modal ambient intelligence platform. Through the utilization of Amazon Bedrock, Comprehend Medical, Transcribe Medical, and other advanced Machine Learning and generative AI services, 3M was able to greatly improve and expand their ambient clinical documentation and virtual assistant solutions. In addition to improving the patient-physician interaction, this partnership reduced the administrative workload for medical professionals.

Author Credits:  Radhika Pawar


  • Report ID: 6493
  • Published Date: Oct 01, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The AI in medical coding market size was USD 3.1 billion in 2024.

The global AI in medical coding market size was US 3.1 billion in 2024 and is likely to reach USD 16.6 billion by the end of 2037, expanding at a CAGR of 13.9% over the forecast period, i.e., 2025-2037.

3M, AGS Health, Aidéo Technologies, aiHealth, Arintra, Buddi AI, Clinion, CodaMatrix, Corti HQ are some key players in the market.

The outsourced segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 54.5% in 2025.
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