A recent report from the Bureau of Labour Statistics shows that healthcare jobs aren’t just a trend, though. In fact, healthcare-related occupations and industries are expected to add 15.6 million jobs between 2012 and 2022—the most of any occupation. Obviously it’s a great time to get into most any healthcare career, but it’s a particularly exciting time for medical coders. Recent changes and advancements make for an interesting and challenging job as coders learn new things and keep up with crucial information.
As per NASSCOM “In the BPO segment itself, the payer market is expected to jump 10 per cent to $13.5 billion by 2015 as insurance companies offshore more back-office claims management work. The BPO opportunity in the provider segment (hospitals) has a compound annual growth rate (CAGR) of 14 per cent between 2011 and 2015 when the available opportunity would be $9 billion (source Business Today).
As per BPO experts, there will be a huge opportunity for the countries like India, Philippines, and UAE while there is a transition from ICD 9 to ICD 10. This demand is emerging due to drop in productivity of coders while coding charts in ICD 10, to fill that gap, huge man power requirement is predicted in Financial year 2015-2016.