How much does a Risk Management Director - Healthcare make in Auburn, AL? The average Risk Management Director - Healthcare salary in Auburn, AL is $134,676 as of February 26, 2024, but the range typically falls between $119,341 and $153,114. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Risk Management Director - Healthcare Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Management Director - Healthcare Salary $105,380 Auburn,AL February 26, 2024
25th Percentile Risk Management Director - Healthcare Salary $119,341 Auburn,AL February 26, 2024
50th Percentile Risk Management Director - Healthcare Salary $134,676 Auburn,AL February 26, 2024
75th Percentile Risk Management Director - Healthcare Salary $153,114 Auburn,AL February 26, 2024
90th Percentile Risk Management Director - Healthcare Salary $169,902 Auburn,AL February 26, 2024
25% $119,341 10% $105,380 90% $169,902 75% $153,114 $134,676 50%(Median) Didn’t find job title? Click
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What skills does a Risk Management Director - Healthcare need?

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.

1.

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.

2.

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.

3.

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.

Risk Management 27.2%
Risk Assessment 1.6%
Business Administration 0.8%
Others 70.4%

Job Description for Risk Management Director - Healthcare

Risk Management Director - Healthcare develops and administers risk management programs. Creates and modifies policies to comply with safety legislation, JCAHO, HIPAA, and industry practices. Being a Risk Management Director - Healthcare coordinates and develops hospital-wide programs for quality patient care and risk-free services. Acts as the liaison to attorneys, insurance companies, and individuals. Additionally, Risk Management Director - Healthcare 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. May require a bachelor's degree. Typically reports to top management. The Risk Management Director - Healthcare 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. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Risk Management Director - Healthcare typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Risk Management Director - Healthcare in Auburn, AL
Those that have already made the climb...
Mital Patel, Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mam... More
Fiscal Year Ended in 2022
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Risk Management Director - Healthcare salary varies from city to city. Compared with national average salary of Risk Management Director - Healthcare, the highest Risk Management Director - Healthcare salary is in San Francisco, CA, where the Risk Management Director - Healthcare salary is 25.0% above. The lowest Risk Management Director - Healthcare salary is in Miami, FL, where the Risk Management Director - Healthcare salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Risk Management Director - Healthcare, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
119341
153114
134676

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
125086
165772
142722
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Management Director - Healthcare in Auburn, AL. The base salary for Risk Management Director - Healthcare ranges from $119,341 to $153,114 with the average base salary of $134,676. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $125,086 to $165,772 with the average total cash compensation of $142,722.
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119341
153114

 

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About Auburn, Alabama    The city of Auburn lies in western Lee County and is bordered by the city of Opelika to the northeast and by Chambers County to the north. The city st....More

Auburn, Alabama  area prices were up 1.5% from a year ago    View the Cost of Living in Auburn, Alabama

Risk Management Director - Healthcare Salary in popular cities: BirminghamMontgomeryMobile

Skills associated with Risk Management Director - Healthcare: Operational Policy Development, JCAHO Standards Compliance, HIPAA Compliance, Risk Management

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