Manager, Risk Salary at Orthoindy Hospital BETA
How much does an Orthoindy Hospital Manager, Risk make?
As of January 2025, the average annual salary for a Manager, Risk at Orthoindy Hospital is $115,600, which translates to approximately $56 per hour. Salaries for Manager, Risk at Orthoindy Hospital typically range from $101,473 to $130,650, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Orthoindy Hospital?
At Orthoindy Hospital, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
- Operational Risk: Operational risk is "the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses". This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. In October 2014, the Basel Committee on Banking Supervision proposed a revision to its operational risk capital framework that sets out a new standardized approach to replace the basic indicator approach and the standardized approach for calculating operational risk capital. It can also include other classes of risks, such as fraud, security, privacy protection, legal risks, physical (e.g. infrastructure shutdown) or environmental risks. The study of operational risk is a broad discipline, close to good management and quality management.
- Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.
Related Jobs
Check more jobs information at Orthoindy Hospital
| Job Title | Average Orthoindy Hospital Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Clinical Assistant | $36,188 | $17 |
| 3 | Cna | $32,376 | $16 |
| 4 | Desktop Support Technician | $54,275 | $26 |
| 5 | Director of Therapy | $120,996 | $58 |
| 6 | Director, Business Development | $184,225 | $89 |
| 7 | Director, Patient Accounts | $150,714 | $72 |
| 8 | Family Nurse Practitioner | $110,109 | $53 |
| 9 | Health Information Specialist | $38,615 | $19 |
| 10 | HR Coordinator | $68,744 | $33 |
| 11 | Manager, Clinical Applications | $110,019 | $53 |
| 12 | Manager, Human Resources | $107,395 | $52 |
| 13 | Manager, Medical Billing | $72,678 | $35 |
Hourly Pay at Orthoindy Hospital
FAQ about Salary and Jobs at Orthoindy Hospital
The average hourly pay is $56. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $130,650 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $101,473 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.