Fifty-seven is the average retirement age for coders, though many professionals may consider early retirement to avoid taking on the additional education and burden of ICD-10, according to the report. ICD-10 contains 68,000 diagnostic codes, nearly five times that of ICD-9.
KLAS found many providers holding off on ICD-10 training in case they lose coders to retirement or recruitment by other organizations. However, early training may be a practice’s best bet for a smooth transition in October 2014.
More Articles on Coding, Billing and Collections:
Opinion: SNOMED-CT Not Realistic Alternative to ICD-10
New Jersey Hospital Association Expands Bundled Payment Pilot Program
NYU Langone Medical Center Selects Accenture for ICD-10 Switch
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
