A nationwide shortage of medical coders is increasing the demand on employers to fill these positions. The 2010-2011 edition of the Occupational Outlook Handbook, published by the U.S. Department of Labor, estimates:

  • 37,700 new coding-related jobs before 2020
  • 21% increase to the medical records and health information field, which is a much higher rate of growth than the average for other occupations (7% greater growth; national average for the same period is 14%)
  • For larger hospital facilities, the transition cost alone to switch to ICD-10 is estimated at up to $5 million per facility
  • In total, the transition to ICD-10 will cost up to $8.2 billion solely in direct implementation costs
  • The costs to renegotiate contracts associated with the transition, for example renegotiating contracts with third-party coding companies, will cost up to an additional $416 million on top of direct implementation costs

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