The Michigan Economic Growth Authority approved a $2.2 million tax credit for Lansing-based medical information company MedAssurant on Tuesday, a move that is expected to create new medical coding jobs in the Lansing area, according to an MLive report.
The tax credit will be spread over five years to support a $4 million investment to expand the company's Lansing operations, creating up to 404 new jobs. The company will hire new clinicians and professional medical record coders at an average weekly wage of about $850, according to the report.
If the company does not create at least 300 qualified new jobs in the fourth or fifth year of the credit, it will not receive the credit that year.
Read the MLive report on coding jobs.
Read more on coding:
-AAPC Column Outlines 2011 CPT Changes to ENT Procedures
-Preparing Your Surgery Center for ICD-10: 6 Initial Steps
-Minneapolis Calls for Medical Coders in Face of ICD-10
The tax credit will be spread over five years to support a $4 million investment to expand the company's Lansing operations, creating up to 404 new jobs. The company will hire new clinicians and professional medical record coders at an average weekly wage of about $850, according to the report.
If the company does not create at least 300 qualified new jobs in the fourth or fifth year of the credit, it will not receive the credit that year.
Read the MLive report on coding jobs.
Read more on coding:
-AAPC Column Outlines 2011 CPT Changes to ENT Procedures
-Preparing Your Surgery Center for ICD-10: 6 Initial Steps
-Minneapolis Calls for Medical Coders in Face of ICD-10