Login

Healthcare Risk Management Director: Job Description & Salary

Healthcare risk management directors fill a senior management role in the healthcare field and have many important responsibilities in their work. This article looks at their typical duties, annual income and the training and skills needed for this career.

View popular schools

Find schools that offer these popular programs

  • Actuarial Sciences
  • Business and Commerce, General
  • Business Statistics
  • Customer Service Management
  • eCommerce
  • Logistics, Distribution, and Materials Management
  • Management Science
  • Office Management
  • Operations Management
  • Public and Nonprofit Organizational Management
  • Purchases, Acquisitions, and Contracts Management
  • Transportation Management

Career Definition of a Healthcare Risk Management Director

Healthcare risk management directors often supervise healthcare risk managers as part of their duties and can be involved in overseeing a wide range of tasks that help shape healthcare decisions. Some of these directors participate in creating budgets and help establish policies. Part of their role involves ensuring quality healthcare is provided in accordance with applicable regulations. They may participate in evaluating the healthcare delivery process to determine ways to make it more efficient.

Healthcare risk management directors are also involved with healthcare financing. They may themselves assess information related to insurance or other healthcare funding and use that data to inform recommendations about policies or facility decisions. They may be involved with evaluating information related to any aspect of healthcare services that exposes their facility to risks related to safety issues and financial factors. Their duties may vary depending on where they're employed and the size of the facility.

Educational Requirements Bachelor's degree
Job Skills Mathematical skills, attention to detail, leadership skills, organizational abilities, analytical skills, problem-solving strengths, communication skills
Median Salary (2017)* $115,811
Job Outlook (2016-2026)** 9% (financial specialists, all other)

Sources: *Salary.com; **U.S. Bureau of Labor Statistics

Required Education

The minimum level of education required to become a healthcare risk management director is a bachelor's degree. Those considering this career field can choose to study disciplines such as health administration or business administration. Relevant training in management may be an asset, and those considering this career may opt to continue studies to earn a certificate in business leadership and management or may complete management training, such as Project Management Professional (PMP) certification.

Required Skills

Healthcare risk management directors may work with large volumes of financial or statistical data and may also be involved with producing budgets, so they need to pay attention to details and have strong mathematical skills. They also must have exceptional leadership and organizational abilities in order to effectively direct the staff that they supervise. Analytical skills are important because they must review large amounts of data. Problem-solving skills are essential to develop effective policies and recommendations. These directors must be effective communicators in order to direct the staff that they oversee and for reporting to other managers.

Career Outlook and Salary

A median annual income of $115,811 was reported for healthcare risk management directors by Salary.com in 2017. Healthcare risk management directors are not listed separately by the U.S. Bureau of Labor Statistics (BLS), but are included with the occupational listing for 'financial specialists, all other'. The BLS anticipates that those employed in this career field will see a 9% increase in job opportunities from 2016 to 2026.

Related Careers

There are several occupations that can develop skills to prepare for a career as a healthcare risk management director. Since prior relevant experience may be required for this profession, those considering this career field may wish to use the links here to explore related careers.

Next: View Schools

What is your highest level of education?

Some College
Complete your degree or find the graduate program that's right for you.
High School Diploma
Explore schools that offer bachelor and associate degrees.
Still in High School
Earn your diploma of GED. Plan your undergraduate education.

Schools you may like:

Popular Schools

The listings below may include sponsored content but are popular choices among our users.

    • Master of Business Administration: Business Analytics Specialization
    • Master of Business Administration
    • Business Analytics Certificate

    What is your highest level of education?

    • Master of Science in Finance

    What is your highest level of education completed?

    • Master of Science in Agile Project Management
    • Master of Science in Measurement and Evaluation
    • Graduate Certificate in Agile Project Management
    • Graduate Certificate in Project Monitoring and Evaluation

    What is your highest level of education?

    • Accelerated MBA Accounting
    • MBA Accounting
    • Accelerated MBA Financial Management
    • MBA Financial Management
    • Accelerated MBA Entrepreneurship and Managing Innovation
    • Accelerated Masters in Business Administration
    • Bachelors in Management

    What is your highest level of education?

    • MS in Government Analytics
    • Flexible MBA - Financial Business - Campus
    • Flexible MBA - Financial Business - Hybrid
    • Flexible MBA - Financial Business - Online
    • Flexible MBA - Interdisciplinary Business - Campus
    • MS in Finance - Campus
    • Post-Master's Certificate in Quantitative Methods in Applied Economics
    • Post-Bachelor's Certificate in Intelligence

    What is your highest level of education?

    • Master of Business Administration in Risk Management & Insurance
    • Master of Science in Accounting
    • Master of Business Administration in Interdisciplinary Business

    What is your highest level of education?

    • Master of Business Administration
    • Master of Business Administration - Business Process Innovation

    What is your highest level of education completed?

  • What is your highest level of education?

  • What is your highest level of education?

  • What is your highest level of education?

Find your perfect school

What is your highest level of education?