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According to a new Future Market Insights study, the medical coding industry is anticipated to reach a valuation of $6.7 billion in 2023 and climb to $15.3 billion by 2033 at a CAGR of 8.6% over the 2023 to 2033 forecast period. The market is growing as more medical coding service providers are becoming available and as more hospitals are using cutting-edge healthcare solutions including electronic health records (EHRs), revenue cycle management (RCM) software, and mobile health apps.
The following causes are driving the demand for medical coding:
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