Healthcare Risk Management Director Salary
A Healthcare Risk Management Director earns an average salary of $91,578 per year.
|Salary||$69,777 - $129,456|
|Bonus||$2,909 - $22,468|
|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).)
|$70,094 - $133,932|
Job Description for Healthcare Risk Management Director
Most of the time, healthcare risk management directors work for organizations within the healthcare industry. They are responsible for protecting their institution from possible loss. They develop effective risk management programs. They implement and enforce loss prevention programs. They develop and implement infrastructures and systems that support patient safety.Read More...
Their programs should include the physical protection of their organization, patients, and employees. They are also responsible for the protection of the computer system from hackers and viruses, so they develop a system to make sure that their computer systems can only be accessed by authorized users. They oversee overall clinical practice to make sure that their organization’s procedures and policies are being followed by all employees. They help establish their company’s policies, procedures, and guidelines. They establish an internal control system that would make it difficult for employees to steal their organizations’ assets. They work with internal auditors, security contractors, and other staff to establish an internal control system.
They must be able to remain objective. They must maintain confidentiality. They must have excellent oral and written communication skills. They must be able to build strong teamwork. They work closely with their organization's legal counsels. They must make sure that their organization complies with federal and state guidelines, rules, and regulations. Healthcare risk management directors usually must have a master's degree in health information management, nursing, or a related fields. Some employers may consider candidates who have a bachelor’s degree but have significant years of experience as healthcare risk managers. (Copyright 2017 PayScale.com)
Healthcare Risk Management Director Tasks
- Examine and analyze risk data to determine potential loss.
- Plan and direct the risk management program.
- Oversee staff operations, business planning and budget development.
- Direct staff in effective and efficient use of programs that promote quality processes.
Healthcare Risk Management Director Job Listings
Pay by Experience Level for Healthcare Risk Management Director
Pay by Experience for a Healthcare Risk Management Director has a positive trend. An entry-level Healthcare Risk Management Director with less than 5 years of experience can expect to earn an average total compensation of $71,000 based on 19 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Healthcare Risk Management Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $87,000 based on 28 salaries. An experienced Healthcare Risk Management Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 31 salaries. A Healthcare Risk Management Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $115,000 based on 13 salaries.
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Key Stats for Healthcare Risk Management Director
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