Clinical Documentation Improvement Market to increase to $9.96bn by 2032, extending at CAGR of 7.66%
The clinical documentation improvement market is growing at a tremendous pace due to the rapid adoption of EHR systems and changes from traditional fee-for-service care models to value-based models. This can improve patient care, ensure regulatory compliance, and optimize revenue cycle management. Moreover, CDI solutions help enhance documentation accuracy, risk adjustment, and performance measurement and reporting areas that are central to the goals of value-based care. Under tremendous pressure to stay in compliance with a wide array of government regulations, including ICD-10 coding standards and the Health Insurance Portability and Accountability Act (HIPAA), there is much greater demand for CDI solutions.