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Healthcare Risk Management Manager Salary

Healthcare Risk Management Managers in the United States take home approximately $73K annually on average. Job satisfaction for Healthcare Risk Management Managers is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Female Healthcare Risk Management Managers make up most of the survey respondents at 78 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$48,016 - $100,914
(Median)
$48K
$73K
$100K
MEDIAN: $72,648
10%
50%
90%

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$11.74 - $42.36
(Median)
$12
$28
$42
MEDIAN: $27.00
10%
50%
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
$48,016 - $100,914  
   
Bonus
$0.00 - $9,668  
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).
)
$42,514 - $100,477  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 153
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
$11.74 - $42.36  
   
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 - $9,668  
   
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).
)
$42,514 - $100,477  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 48
United States (change)

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

  • 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 $64K, and those with five to 10 years' experience earn a higher median of $64K. Healthcare Risk Management Managers claiming one to two decades of experience make an estimated median of $76K. Healthcare Risk Management Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $74K.

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.

Related Job Salaries

Experience Affects Healthcare Risk Management Manager Salaries

Experienced
up arrow 11%

Late-Career
up arrow 8%

National Average
$69,000

Mid-Career
up arrow 6%

Entry-Level
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
8%
1-4 years
35%
5-9 years
19%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 73%
vision benefits Vision: 62% employee benefits None: 13%