Healthcare Risk Management Managers in the United States can expect wages of $74K per year on average. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. There are far more female Healthcare Risk Management Managers who answered the questionnaire than men, making up 87 percent. For the most part, Healthcare Risk Management Managers enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$49,219 - $104,299
(Median)
$49K
$74K
$100K
MEDIAN: $73,558
10%
50%
90%

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$24.36 - $46.63
(Median)
$24
$38
$47
MEDIAN: $37.00
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
$49,219 - $104,299  
   
Bonus
$0.00 - $10,022  
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).
)
$51,210 - $102,812  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 88
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
$24.36 - $46.63  
   
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 - $10,022  
   
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).
)
$51,210 - $102,812  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 27
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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

  • 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.


Healthcare Risk Management Managers with a lot of experience do not necessarily enjoy more money. The average inexperienced worker's salary is approximately $70K, and people with five to 10 years of experience bring in more at around $73K on average. People with 10 to 20 years of experience make an average of about $76K in this role. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Healthcare Risk Management Manager with more than 20 years of experience can earn $89K on average.

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

Late-Career
up arrow 19%

Experienced
up arrow 1%

National Average
$75,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 7%

Job Satisfaction

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

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
6%
1-4 years
31%
5-9 years
27%
10-19 years
22%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
medical benefits
Vision: 72%
dental benefits
None: 7%
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