According to The United States Hospital Readmissions Reduction Program (HRRP), "Section 3025 of the Affordable Care Act requires the Secretary of the Department of Health and Human Services (HHS) to establish HRRP and reduce payments to Inpatient Prospective Payment System (IPPS) hospitals for excess readmissions beginning October 1, 2012. In the FY 2012 IPPS final rule, CMS finalized the following policies under the Hospital Readmissions Reduction Program: and Defined readmission as an admission to a subsection (d) hospital within 30 days of a discharge from the same or another subsection (d) hospital, Adopted readmission measures for the applicable conditions of acute myocardial infarction (AMI), heart failure (HF), and pneumonia (PN)"

The article cited AMA's "Global Medical Coding Market Study" explored CAGR of 10.0%. According to the report, Growth in Implementation of IT in Healthcare Settings is one of the primary growth factors for the market. Rising Occurrence of Insurance Frauds and Insurance Issues Associated With Misinterpretation of Medical Documents is also expected to contribute significantly to the Medical Coding market. Overall, applications of Medical Coding, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Classification, such as International Classification of Diseases (ICD), is boosting the Medical Coding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Mode, such as Out-Sourced, is boosting the Medical Coding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service, such as Hospital/Inpatient Coding, is boosting the Medical Coding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Hospitals, is boosting the Medical Coding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Medical Coding market identified that the demand is rising in many different parts of the world as "Escalating Demand for World-Class Healthcare Services in Developing Regions ". Furthermore, some recent industry insights like "In October 2018, PAREXEL International Corporation, a leading innovator of global biopharmaceutical services has established several new solutions that take a patient-centric method to address drug improvement. Constructed on the Perceptive Cloud platform and leveraging PAREXEL’s relationship with Microsoft, the results incorporate mobile and wearable technology to increase access to data and expand the patient experience in clinical research." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Medical Coding market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Coding market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Medical Coding market size is calculated using market estimation process, the Medical Coding market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Coding market size has been validated using both top-down and bottom-up approaches.