Healthcare Industry News

 As per a report by P&S Intelligence, the Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020–2030). The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019.   Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/hong-kong-wound-care-market/report-sample Advanced wound dressing is highly advantageous for traumatic injuries that are severe and need prompt medical attention to reduce the patient’s susceptibility to infections. Moreover, this dressing type regulate the moisture level and absorb exudate around the wound, and hence protects the wound base and the tissue around it. The advanced division is ...

Medical coding is being adopted at a large scale to deal with the frequent occurrence of insurance fraud in the healthcare industry. The increasing incidence of insurance frauds is leading to excessive financial losses. By using medical coding and billing standards, uniform checklists are generated that are to be cited when processing claims. Any irregularity in these checklists enables the concerned authority to spot frauds before the submission of the document to an insurance company. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/medical-coding-market/report-sample Moreover, the soaring need to modernize hospital billing procedures will increase the medical coding market size from $15.2 billion in 2019 to $42.4 billion by 2030. According to P&S Intelligence, the market will progress at a CAGR of 9.6% during 2020–2030. Medical billing procedures have become more effective since the arrival of medical coding systems, particularly the Curren...

 The increasing incidence of medical malpractices and negligence in the U.S. over the last few years has led to the creation of strict guidelines for medical review process in the country. Moreover, there has been a huge rise in the number of healthcare centres and physicians in the country having limited expertise in conducting reviews, in the past years. Due to these factors, the requirement of medical peer/external physician review services has increased massively in the U.S. and this demand is also expected to shoot-up in the coming years. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/us-medical-peer-external-physician-review-services-market/report-sample Due to the above-mentioned factors, the U.S. medical peer/external physician review services market is predicted to exhibit substantial growth during the forecast period (2020—2030). Medical peer review and external physician review services are mainly provided by the medical universitie...

The increasing establishment of non-profit organizations in several countries is one of the major factors responsible for the rise in the demand for practice management systems across the world. As per the data published by the American Hospital Association (AHA) in 2018, the U.S. was home to more than 5,500 hospitals that year, out of which almost 2,500 were non-profit organizations. The increasing development of small and medium hospitals in various states across the U.S. is expected to further push the demand for practice management systems in the country.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/practice-management-systems-market/report-sample Due to the above-mentioned factors, the worth of the worldwide sales of practice management systems is expected to rise from $9.3 billion in 2017 to $16.0 billion by 2023. The global practice management systems market is predicted to exhibit a CAGR of 9.7% during the forecast period (2018–2023...