Health information management (HIM) is an essential component of the healthcare industry, responsible for managing patient medical records, ensuring they are accurate and complete, and securing confidential information. If you are interested in joining the field, one of the critical questions you might have is how much does health information management make? This article will unveil some of the salary secrets of HIM.
According to the US Bureau of Labor Statistics (BLS), the median annual wage for health information technicians, including HIM professionals, was $42,630 as of May 2020. The lowest 10 percent of earners made less than $28,160, while the highest 10 percent earned more than $71,150. The BLS also notes that the top-paying industries for health information technicians include:
1. Federal Executive Branch: Avg Annual Wage ($72,830)
2. Pharmaceutical and Medicine Manufacturing: Avg Annual Wage ($61,930)
3. Insurance Carriers: Avg Annual Wage ($52,940)
4. Hospitals – State Government Owned: Avg Annual Wage ($44,540)
5. General Medical and Surgical Hospitals: Avg Annual Wage ($45,070)
These figures give an idea of how much to expect as an HIM professional, however the salary differs between jobs and regions.
It is essential to note that different factors could influence your salary as an HIM professional, such as education, certifications, experience, and the geographical location where you work. For instance, a Health Information Management Director can earn an average salary of $92,000 per year. On the other hand, an HIM supervisor can earn an average salary of $64,300 per year. In addition, the location where you work also plays a significant role in determining salary rates as there is indeed a wide variation in earnings between states and cities.
It is vital for HIM professionals to keep abreast of industry changes and continually update their skills and expertise. This is particularly true if they want to earn more, expand their career horizons, and unlock more opportunities. By investing in professional development opportunities such as certification courses, attending conferences and networking events, HIM professionals can distinguish themselves from their peers and position themselves for higher wages.
In conclusion, the salary secrets of the HIM sector reveal that compensation varies depending on factors like education, certification, experience and location. The median annual wage for health information technicians, including HIM professionals, was around $42,630, and factors such as industry and location can affect how much you can earn. For anyone interested in pursuing the field of health information management, the key is to develop a strategic professional development plan that ensures career growth, skills expansion, and ultimately, a healthy salary.
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