PR Newswire November 4, 2020
Black Book Research

Growth in clinical documentation market is expected to reach US$5.3B by 2022 from $3.2B 2018 with a 10.3% CAGR driven by mid-RCM artificial intelligence supported solutions to reduce costs, manage unstructured data and check for billing and coding losses.

TAMPA, Fla., Black Book Research surveyed 540 health information management executives and revealed that 47% of healthcare organizations are using AI in one form or another, and 90% of them expect widespread implementation in the next five years, despite the operational constraints and financial priorities caused by the COVID-19 pandemic.

In a 2020 survey conducted through Q4 by Black Book, 95% of hospital respondents are optimistic that AI technology can streamline document creation and enable clinicians to capture a holistic patient…

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