Can the Outsourced Coding Market Accommodate Providers' Growing Demands?

KLAS report examines outsourced coding firms and how they compare.

2014-04-08

OREM, UT, April 08, 2014 (Press-News.org) Sixty-six percent of providers surveyed reported plans to keep or expand their current outsourced coding contract, yet many firms are struggling with scalability and quality in the current market. This according to the latest KLAS report Outsourced Coding 2014: Do You Have Enough Resources for the ICD-10 Transition?

Providers are turning to outsourced coding firms at an unprecedented rate, and while many report success with their current firm, scalability proves to be a consistent concern. Additionally, with a shortage of domestic resources, more and more providers are considering going offshore as a viable option. Providers are also working to build stronger relationships with their current firms.

"We are hearing from providers that as they look to the future, they are strategically building robust relationships with outsourced coding firms," said Boyd Stewart, report author. "Recognizing that it is becoming a competitive market with limited resources, providers want to make sure they are able to get support and help from their outsourced coding firms when ICD-10 hits."

The study showcases the performance of 11 different outsourced coding firms: 3M, Anthelio Healthcare, COMFORCE, Kforce, LexiCode, Maxim Health Information Services, MedPartners, Optum, Peak, Precyse and TrustHCS. For further details, visit KLAS online at www.KLASresearch.com/reports and view Outsourced Coding 2014: Do You Have Enough Resources for the ICD-10 Transition? The report is available to healthcare providers and vendors. Providers receive a significant discount off the standard retail price or can receive a complimentary summary report in exchange for a survey about one of their current vendors.

About KLAS
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and counted. Working with thousands of healthcare professionals and clinicians, KLAS gathers data on software, services, medical equipment and infrastructure systems to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Follow KLAS on Twitter at www.twitter.com/KLASresearch.

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