Historically, there has been 20 percent to 30 percent shortage of medical coders, but that shortage could trend upwards to as much as 50 percent this year, according to a CNBC report.
The steep increase in shortage can be traced back to the impending switch to ICD-10, according to the report. The transition is expected to decrease existing coders' productivity by as much as 50 percent.
More articles on coding and billing:
4 things to know about the future of ACOs
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The steep increase in shortage can be traced back to the impending switch to ICD-10, according to the report. The transition is expected to decrease existing coders' productivity by as much as 50 percent.
More articles on coding and billing:
4 things to know about the future of ACOs
86 statistics on payer timeliness
Mnet Financial adds online bill presentment