Pune, July 13, 2024 (GLOBE NEWSWIRE) -- A rapidly growing healthcare infrastructure, driven by government spending on modernizing hospitals and research facilities is further boosting demand for precise medical billing leading to a propulsion in the medical coding market. Add in the digitization of medical records and billing, a process that demands coders with increasingly intricate levels of skill to be able to navigate this new world. Another significant factor is an increasing aging population and the associated increased hospital admissions (up 34m in US alone by 2024).
Coding and billing providers must be able to manage this growing complexity with efficient solutions in order to meet the demands of the market. Such factors are set to persist with the Bureau of Labor Statistics anticipating an 8% growth from now until 2032 in medical records and health information technician positions, further emphasizing the indispensable nature that orthopedic surgery coding must play within a fast-paced healthcare world growing at breakneck speed. Moreover, just ensuring standardized documentation across healthcare facilities, medical coding offers valuable insights for administrators.
It allows them to analyze the effectiveness and frequency of treatments, a crucial task for large institutions. Advancements in coding software are further enhancing this capability. For instance, Amazon Web Services launched an AI-powered service that generates clinical documentation automatically, st.