Tools commonly used in the Medical Records Service industry for day-to-day tasks and operations.

• Electronic Health Record (EHR) software
• Medical coding software
• Medical transcription software
• Document management software
• Optical Character Recognition (OCR) software
• Health Information Exchange (HIE) software
• Data analytics software
• Electronic signature software
• Patient portal software
• Medical billing software

Common products and services typical of NAICS Code 561990-16, illustrating the main business activities and contributions to the market.

• Medical coding and billing services
• Medical record scanning and indexing services
• Medical transcription services
• Health information management services
• Medical record storage and retrieval services
• Release of information services
• Electronic health record (EHR) implementation services
• Medical record audit and review services
• Medical record consulting services
• Medical record software development

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Registered Health Information Technician (RHIT): RHIT certification is offered by the American Health Information Management Association (AHIMA) and is required for many medical records positions. RHITs are responsible for ensuring the quality of medical records by verifying their completeness, accuracy, and proper entry into computer systems. They also analyze patient data to improve patient care and reduce healthcare costs.
• Certified Tumor Registrar (CTR): CTR certification is offered by the National Cancer Registrars Association (NCRA) and is required for many cancer registry positions. CTRs are responsible for collecting and maintaining data on cancer patients, including their medical history, diagnosis, and treatment. They also analyze data to improve cancer treatment and prevention.
• Certified Coding Specialist (CCS): CCS certification is offered by the American Health Information Management Association (AHIMA) and is required for many medical coding positions. CCSs are responsible for assigning codes to medical procedures and diagnoses for billing and reimbursement purposes. They also ensure that medical records are accurate and complete.
• Certified Professional Coder (CPC): CPC certification is offered by the American Academy of Professional Coders (AAPC) and is required for many medical coding positions. CPCs are responsible for assigning codes to medical procedures and diagnoses for billing and reimbursement purposes. They also ensure that medical records are accurate and complete.
• Certified Electronic Health Records Specialist (CEHRS): CEHRS certification is offered by the National Healthcareer Association (NHA) and is required for many electronic health records (EHR) positions. CEHRSs are responsible for managing and maintaining EHR systems, ensuring that patient data is accurate and secure. They also train other healthcare professionals on how to use EHR systems.

A concise historical narrative of NAICS Code 561990-16 covering global milestones and recent developments within the United States.

• The Medical Records Service industry has a long history dating back to the early 20th century when hospitals began to keep patient records. In the 1920s, the American College of Surgeons established the first hospital standardization program, which included record-keeping requirements. In the 1950s, the widespread use of electronic computers led to the development of electronic health records (EHRs), which revolutionized the industry. In recent years, the industry has seen significant growth due to the increasing demand for EHRs and the need for secure and efficient data management in the healthcare sector. In the United States, the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 provided incentives for healthcare providers to adopt EHRs, which led to a surge in demand for medical records services.

The anticipated future trajectory of the NAICS 561990-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Medical Records Service industry is expected to experience growth in the coming years due to the increasing demand for electronic health records (EHRs) and the need for secure and efficient management of patient data. The industry is also expected to benefit from the growing trend of outsourcing medical records management to third-party service providers. However, the industry may face challenges such as the need to comply with changing regulations and the threat of cyber attacks. Overall, the industry is expected to continue to grow and evolve in response to changing healthcare needs and technological advancements.

Recent groundbreaking advancements and milestones in the Medical Records Service industry, reflecting notable innovations that have reshaped its landscape.

• Electronic Health Records (Ehrs): The adoption of EHRs has revolutionized the way medical records are managed, making it easier to store, access, and share patient data securely.
• Cloud-Based Medical Records Management: Cloud-based solutions have made it easier for medical records service providers to manage and share patient data across different locations and devices.
• Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies are being used to automate medical records management tasks such as data entry, coding, and analysis, improving efficiency and accuracy.
• Blockchain Technology: Blockchain technology is being explored as a way to improve the security and privacy of medical records by providing a decentralized and tamper-proof system for storing and sharing patient data.
• Telemedicine: The growing use of telemedicine is creating new opportunities for medical records service providers to manage and share patient data remotely, improving access to healthcare services and reducing costs.