What You Need to Know About Bachelor of Science in Health Information Management Salary
Are you considering pursuing a Bachelor of Science in Health Information Management (HIM) degree but want to know more about the potential salary you can earn in this field? Look no further, as this article will provide you with valuable insights and facts to help you make an informed decision.
Introduction
Health Information Management (HIM) is a growing field with a high demand for professionals who can manage and maintain electronic health records (EHRs), analyze healthcare data, and ensure the security and privacy of patient information. As the healthcare industry continues to evolve with the latest technology, the need for HIM professionals is only increasing. This article aims to shed light on what you can expect in terms of salary after completing a Bachelor of Science in Health Information Management program.
The Average Salary of Health Information Management Graduates
According to the US Bureau of Labor Statistics (BLS 2020), the average annual salary for HIM professionals was $76,590 as of May 2020. The BLS also states that the top 10% of HIM professionals earn more than $109,610 per year, while the bottom 10% earn less than $43,090.
Factors that Affect Salary
Several factors affect the salary of HIM professionals, including years of experience, job location, and type of employer. Entry-level HIM professionals can expect to earn an average salary between $40,000 and $60,000, while those with more than ten years of experience can earn $80,000 or more annually. Additionally, the location of the job plays a significant role in salary, with metropolitan areas offering higher salaries than rural areas. The type of employer also affects salary, with larger healthcare facilities typically offering higher salaries.
Job Titles and Median Salaries
There are several job titles in the HIM industry, each with its unique salary range. Here are a few examples (as per BLS 2020):
● Medical Records and Health Information Technicians: $44,090
● Medical and Health Services Managers: $104,280
● Healthcare Information Technologists: $94,820
● Clinical Data Managers: $91,160
● Health Information Management Directors: $98,350
The Future of Health Information Management
As the healthcare industry continues to depend more on technology, there will be an increased demand for healthcare IT professionals. The US Bureau of Labor Statistics projects that employment of medical and health services managers, including HIM professionals, will grow by 32% between 2019 and 2029. As the demand for healthcare IT professionals grows, so will the salaries.
Conclusion
Health Information Management is a promising field, offering a variety of job opportunities and competitive salaries. A Bachelor of Science in Health Information Management can help prepare you for a career in this growing industry. While several factors affect salary, including job location, years of experience, and type of employer, the average salary for HIM professionals is promising. If you’re considering pursuing a career in health informatics and management, you can be confident in the potential for a bright and well-paying future.
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