Medicare Compliance & Reimbursement

According to a handbook released by the United States Department of Labor, financial examiners and compliance officers are among the 30 fastest growing occupations in the country.

With the economic recession finally on a downturn, the business and financial operations occupations segment is slated to show an 18 percent growth, over the period 2008-2018, resulting in 1.2 million new jobs according to the DOL handbook -- Occupational Handbook and Career Guide.

Following are a few predictions about the finance industry that the handbook makes:

􀁺 The finance and insurance industry is expected to grow by 5 percent in the period 2008-2018.

􀁺 Demand for financial examiners will grow by more than 40 percent in the same period. This spurt will be caused mainly because of an increase in financial regulations.

􀁺 With the administration's new drives, especially in the healthcare industry, an increase in financial regulations and the drive towards greater accountability will raise the demand for accountants and auditors, which will result in a demand of approximately 279,400 new professionals over the period 2008 to 2018. Further, with the business environment becoming increasingly competitive by the day, the demand for management analysts will also increase, the projected number being around 178,300 new professionals. These occupations put together are projected to account for around 38 percent of new business and financial operations jobs.

(Editor's note: Read the full text of the handbook at: www.bls.gov/oco/.)