Health Information Management (HIM) is one of the fastest-growing professions in the healthcare industry. It involves the management of patient health information, utilizing technology and analytical skills to ensure accuracy, security, and privacy. With increased focus on digitization and data analytics, the demand for Health Information Managers is higher than ever, but how much do they really make?
According to the U.S. Bureau of Labor Statistics, the median salary for Health Information Managers was $100,980 per year as of May 2020. The top 10% of earners make more than $182,600, while the bottom 10% earn less than $60,050 per year. The salary varies based on location, years of experience, and industry.
The healthcare industry is the largest employer of Health Information Managers with an average salary of $101,710 per year. Other top industries employing HIM professionals include management, scientific, and technical consulting services, with an average salary of $110,000, and the Federal government with an average salary of $91,390.
The location also plays a significant role in salaries with the highest-paying states being Alaska, California, District of Columbia, Hawaii, and Massachusetts, with an average salary exceeding $110,000 per year. On the other hand, the lowest-paying states include North Dakota, South Dakota, Idaho, Montana, and Wyoming, with an average salary below $75,000 per year.
Years of experience also impact the salaries of Health Information Managers. Those with less than five years of experience earn an average salary of $60,000 per year, while those with more than five years of experience earn an average salary of $73,000 per year. Those with more than 20 years of experience can earn an average salary of $100,000 per year.
In conclusion, Health Information Management is a lucrative profession with an ever-increasing demand for skilled professionals. The salaries vary based on location, years of experience, and industry. However, on average, Health Information Managers earn over $100,000 per year. With digitization and data analytics becoming more critical in healthcare, demand for HIM professionals is only going to increase further in the coming years.
