U.S. Medical Coding Market Size, Share, Growth Analysis, By Classification system(ICD, HCPS and CPT), By Component(In-house and outsourced), By Region - Industry Forecast 2024-2031

The competitive landscape of the U.S. medical coding market is characterized by a diverse range of service providers and software solutions catering to the growing demand for accurate and efficient medical coding processes. Key players in the market offer a variety of services, including medical coding software, outsourcing services, consulting, and training. These providers strive to differentiate themselves by offering advanced technologies, user-friendly interfaces, and comprehensive solutions that address the evolving needs of healthcare organizations. Additionally, partnerships and collaborations with healthcare stakeholders, such as hospitals, clinics, and insurance companies, are common strategies to enhance market presence and expand service offerings. As the market continues to grow, competition intensifies, driving innovation and the development of sophisticated coding solutions to meet the demands of the dynamic healthcare industry.

Top Player’s Company Profiles

• STARTEK

• Oracle

• Maxim Healthcare Services

• Parexel International Corporation

• Aviacode Inc.

• Verisk Analytics, Inc.

• Medical Record Associates, LLC.

• Optum

• Change Healthcare

• Exela Technologies

• nThrive

• Maxim Health Information Services

• himagine solutions Inc.

• M*Modal

• TrustHCS

• Dolbey

• The Coding Network LLC

• MRA Health Information Services

• Peak Health Solutions

• ezDI Inc.

Recent Development

• In February 2024, Maverick Medical AI, or Maverick, a provider of innovative and autonomous AI-powered medical coding platform, has partnered with ImagineSoftware, the leading provider of revenue cycle management (RCM) technology in the U.S. Through the partnership, ImagineSoftware will integrate Maverick’s AI-powered Autonomous Medical Coding Platform as a solution for customers to scale their operations and achieve a higher direct-to-bill rate. 
• In February 2024, XpertDox, a pioneer in autonomous AI-enabled medical coding, announced its strategic partnership with Cucamonga Valley Medical Group, Inc. (CVMG), a top-tier primary care organization from California. This collaboration introduces XpertCoding, XpertDox's AI medical coding software, into CVMG's healthcare coding operations across all facilities and providers, revolutionizing their coding quality and revenue cycle process. 
• In January 2024, Maverick Medical AI, or Maverick, partnered with Dexios, a radiology-specific revenue-cycle management (RCM) company serving imaging centers and hospital-based radiologists throughout the U.S. Through this partnership, Dexios integrates Maverick’s AI-powered Autonomous Medical Coding Platform to augment its medical coding team, boost productivity, and achieve a higher direct-to-bill rate.