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Healthcare Risk Management Manager Salary (United States)

For Healthcare Risk Management Managers, annual wages usually total $73K per year. A solid majority report receiving medical coverage from their employers and a fair portion collect dental insurance. Work is enjoyable for Healthcare Risk Management Managers, who typically claim high levels of job satisfaction. The numbers for this synopsis were furnished by individuals who completed PayScale's salary questionnaire.
Healthcare Risk Management Manager Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$47,499 - $103,692
(Median)
47K
60K
73K
91K
100K
MEDIAN: $73,272
10%
25%
50%
75%
90%
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Healthcare Risk Management Manager Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$12.21 - $40.59
(Median)
12
19
28
32
41
MEDIAN: $27.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$47,499 - $103,692  
   
Bonus
$0.00 - $9,863  
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).
)
$42,815 - $103,808  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 156
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$12.21 - $40.59  
   
Overtime
$2.00 - $43.20  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $9,863  
   
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).
)
$42,815 - $103,808  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 49
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Job Description for Healthcare Risk Management Manager

  • Examine, analyze and report on risk data to determine potential loss.
  • Gather, analyze and retain claims, worker's comp, or any associated risk data.
  • Create and implement educational programs to promote risk management in the organization.
  • 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.

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.
Salaries for inexperienced workers average out to $66K, and those with five to 10 years' experience earn a higher median of $64K. Healthcare Risk Management Managers with one to two decades of relevant experience report an average salary of approximately $79K. For some reason, Healthcare Risk Management Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $75K. Workers in this area tend to have one to nine years of experience. Experienced employees who have 10-20 years of experience make up roughly one in four of the workforce; inexperienced individuals who have been working for less than one year comprise less than one in ten, and senior people with more than 20 years under their belt fill out the remaining nearly one-seventh.

Healthcare Risk Management Manager Advice

What do you wish you knew about your job when you first started out?
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.

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Experience Affects Healthcare Risk Management Manager Salaries

Experienced
up arrow 15%
Late-Career
up arrow 8%
National Average
$69,000
Mid-Career
up arrow 4%
Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 45 votes.

Gender

Female
79%
female alumni
 
Male
21%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
34%
5-9 years
20%
10-19 years
24%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 75%
vision benefits Vision: 64% employee benefits None: 12%