Earnings for Healthcare Risk Management Managers in the United States come in at around $73K per year on average. Most workers in this position report high levels of job satisfaction. The vast majority of Healthcare Risk Management Managers (80 percent) who responded to the survey are women. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.
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$48,720 - $103,754
$49K
$73K
$100K
MEDIAN: $73,357
10%
50%
90%

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$22.50 - $47.92
$22
$37
$48
MEDIAN: $37.48
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$48,720 - $103,754  
   
Bonus
$0.00 - $9,978  
Profit Sharing
$4,400  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,737 - $102,812  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 91
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$22.50 - $47.92  
   
Overtime
$42.98  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $9,978  
   
Profit Sharing
$4,400  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,737 - $102,812  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 24

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Healthcare Risk Management Manager

The role of a health care risk manager is vital to medical care facilities. They are responsible for minimizing the risks of accidents and errors that could end up costing the facility a lot of money in insurance and malpractice claims. In order to accomplish this, they must perform a wide variety of tasks, including creating and implementing policies to improve patient care and ensure employee safety. Risk managers may be required to work with the facility's legal team in case a malpractice situation or a workers compensation claim occurs.

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Healthcare Risk Management Manager Tasks

  • Oversee day-to-day operations of the risk management program.
  • Ensure services are in compliance with professional, HIPPA, and JCAHO standards, state and federal regulatory requirements.
  • Create and implement educational programs to promote risk management in the organization.
  • Examine, analyze and report on risk data to determine potential loss.
  • Gather, analyze and retain claims, worker's comp, or any associated risk data.

Healthcare Risk Management Manager Job Listings

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Pay by Experience Level for Healthcare Risk Management Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Healthcare Risk Management Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. People who have worked for fewer than five years bring home $69K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $73K. The average pay reported by folks with 10 to 20 years of experience is around $76K. Veterans who have acquired more than 20 years report a median income of $94K, which is generally higher than the pay reported by other tenure groups.

Healthcare Risk Management Manager Advice

Q: What is it like working as a Healthcare Risk Management Manager?

Healthcare Risk Management Manager in Chattanooga:
"Life In Risk Management."
As a Risk Manager, the one thing to keep in mind is that you must be flexible. You will make plans for your day and then your day may well take a vastly different direction. It will make report preparation a challenge. It will make organization a challenge. It will be important that as you respond to requests for information and advice, you take the time to care for yourself. Risk Managers work in a somewhat isolated environment in the hospital, dealing with confidential matters. Very few understand what we do. Work to make yourself and Risk Management an important member of the organization. Be visible. Do not bring your work home with you. It will be good for neither your nor your family.

Related Job Salaries

Key Stats for Healthcare Risk Management Manager

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
030
Less than 1 year
5%
1-4 years
30%
5-9 years
28%
10-19 years
21%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Healthcare Risk Management Manager Salaries

Late-Career
up arrow 26%

Experienced
up arrow 2%

National Average
$75,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
5%
1-4 years
30%
5-9 years
28%
10-19 years
21%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 79%
vision benefits
Vision: 72%
dental benefits
None: 8%
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