Optum360, Advantmed, LLC, and AQuity Solutions were Dominating the U.S. Medical Coding Market in 2022

U.S. Medical Coding Market is expected to grow with the CAGR of 10.4% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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U.S. medical coding market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in U.S. medical coding market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:                                             

  • In January 2021, Advantmed, LLC, received certification from the National Committee for Quality Assurance (NCQA) for all HEDIS MY 2020 measures. Advantmed’s hybrid and CAHPS measures were certified in December. This increased the credibility of the company in the market and enhanced the revenue generation of the company.
  • In August 2021, U.S. based AQuity Solutions, a provider of outsourced virtual scribing, medical transcription and medical coding services, has launched a new operations centre in Chennai, India.

OPTUM360 Ltd is the dominating player in U.S. medical coding market. The other key players existing in the market are Maxim Healthcare Staffing, Oracle, SSR Techvision, BillingParadise., Promantra Inc., Flatworld Solutions Pvt. Ltd., HMI Corporation, KIWI-TEK, LLC, EZDI, Inc., BellMedEx, GeBBS Healthcare Solutions, himagine solutions, 3M, Startek, Dolbey, MRA, Nuance Communications, Inc., Cerner Corporation, Mgsi LLC, Invensis Technologies Pvt Ltd, Offshore Billing Company, Eclat Health Solutions, Medical Billers and Coders (MBC), IKS Health, Vee Technologies, COTIVITI, INC., Advantmed, LLC, ApexonHealth, and AQuity Solutions, among others

U.S. Medical Coding MarketOptum360

Optum360 Company founded in the year 1995, Headquarter in Utah, U.S. The company focuses on providing health services business for industry coding, billing and reimbursement solutions.

Company provide products via various product category such as Online Coding, Essential Coding and Medical Specialty Coding in which Medical Specialty Coding is market focused.

The company has wide presence across Canada and U.S.

Advantmed, LLC

Advantmed, LLC founded in the year 2005, headquarter in California, U.S. The company is focused in providing healthcare organizations with the solutions they need to elevate their financial and clinical performance.

Company provide products via various product category such as Risk Adjustment, Quality Improvement in which Risk Adjustment is market focused.

For instance,

  • In January 2021, Advantmed, LLC, received certification from the National Committee for Quality Assurance (NCQA) for all HEDIS MY 2020 measures. Advantmed’s hybrid and CAHPS measures were certified in December. This increased the credibility of the company in the market and enhanced the revenue generation of the company

The company has presence across North America.

AQuity Solutions

AQuity Solutions, Founded in the year 2019, headquarter in North Carolina, U.S. Aquity Solutions’ mission is to improve physician wellness and organizational efficiency through cost-effective outsourced clinical documentation services that deliver improved clinical and financial results.

Company provide products via various product category such Medical Transcription, Coding, Virtual Scribes, Interim Management, Medico-Legal in which Coding is market focused.

For instance,

  • In August 2021, U.S. based AQuity Solutions, a provider of outsourced virtual scribing, medical transcription and medical coding services, has launched a new operations centre in Chennai, India.

The company has presence across Asia-Pacific, North America and Europe.