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Was 2014 a Good Year for Medical Coders? |
Medical coders were one of the most in-demand Health Informatics workers in 2013-2014. There were approximately 24,270 total job postings for medical coders last year. From 2012 to 2014, an upward trend has been witnessed in the median salaries for the coders too. However, the increase was distributed unevenly based on factors like the geographical location, professional experience, workplace and certification.
Industry facts:
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As estimated by the U.S. Department of Labor, the demand for medical coding specialists will increase by 22% from 2012 to 2022 |
| On an average, the medical coding field is experiencing a faster rate of growth as compared to all other occupations in the US. This field is expecting an increase of approximately 37,700 employees by 2020 |
| Coders with CPC credential have to face 1.7% unemployment rate as compared to the national average of 7.4%, according to BLS Read More |
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Salary Increase Based on Experience
With an increase in the aging population, more healthcare services will be used by the Americans. New healthcare regulations and reforms will call for more accountability from the providers. This will create more jobs for qualified and certified medical coding specialists.
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According to a survey by the Medical Group Management Association, only 4.8% of responding practices were implementation-ready for ICD-10
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Organizations with more than 5,000 health systems and hospitals in the US sent a letter to House and Senate leaders, urging Congress not to delay the ICD-10 switchover again |
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