As of March 01, 2025, the average annual salary for a Risk Management Director - Healthcare in the United States is $141,569. Salary.com reports that pay typically ranges from $129,232 to $155,036, with most professionals earning between $118,000 and $167,297.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $155,036 | $12,920 | $2,981 | $75 |
| Average | $141,569 | $11,797 | $2,722 | $68 |
| 25th Percentile | $129,232 | $10,769 | $2,485 | $62 |
An entry-level Risk Management Director - Healthcare with less than 1 year of experience earns about $134,019. With 1-2 years of experience, the average salary increases to $135,124. For 2-4 years of experience, the pay typically rises to $136,966. Senior-level professionals with 5-8 years of experience earn around $138,807, and those with over 8 years of experience can expect an average of $141,971.
| Levels | Salary |
|---|---|
| Entry Level Risk Management Director - Healthcare | $134,019 |
| Intermediate Level Risk Management Director - Healthcare | $135,124 |
| Senior Level Risk Management Director - Healthcare | $136,966 |
| Specialist Level Risk Management Director - Healthcare | $138,807 |
| Expert Level Risk Management Director - Healthcare | $141,971 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Risk Management Director - Healthcare compensation over the past six years. For example, the median salary increased from $128,020 in 2023 to approximately $126,993 in 2024. (For a detailed analysis of Risk Management Director - Healthcare salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Risk Management Director - Healthcare information for you to search for. Click on search button below to see Risk Management Director - Healthcare job openings or enter a new job title here.
Here are companies hiring for Risk Management Director - Healthcare and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $141,569 | 72.5% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $10,830 | 5.5% | ||
| 401K/403B | $5,663 | 2.9% | ||
| Disability | $2,831 | 1.5% | ||
| Healthcare | $6,374 | 3.3% | ||
| Pension | $7,786 | 4.0% | ||
| Time Off | $20,146 | 10.3% | ||
| Total Compensation | $195,200 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 7.4% |
| Associates | 5.9% |
| Bachelors | 33.3% |
| Masters | 33.3% |
| Doctorate | 20.0% |
What Am I Worth?
The average annual salary of Risk Management Director - Healthcare is $141,569. In case you are finding an easy salary calculator, the average hourly pay of Risk Management Director - Healthcare is $68; the average weekly pay of Risk Management Director - Healthcare is $2,722; the average monthly pay of Risk Management Director - Healthcare is $11,797.
A Risk Management Director - Healthcare's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Risk Management Director - Healthcare earns the most in San Jose, CA, where the annual salary of a Risk Management Director - Healthcare is $177,669.
The highest pay for Risk Management Director - Healthcare is $167,297.
The lowest pay for Risk Management Director - Healthcare is $118,000.
Develops and administers risk management programs. Creates and modifies policies to comply with safety legislation, the Joint Commission, HIPAA, and industry practices. Coordinates and develops hospital-wide programs for quality patient care and risk-free services. Acts as the liaison to attorneys, insurance companies, and individuals. Investigates any incidences that may result in an asset loss. Oversees insurance designed to protect the health system from loss. Collects information related to the claims and lawsuits made against the health system. Requires a bachelor's degree. Typically reports to senior management. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
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.
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.
Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.
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