The year 2015 was another good year for health IT experts in terms of earnings power and profits, in accordance to results from the HIMSS 2015 Compensation Survey.
The survey of 1,900 respondents discovered that the average salary was $111,388 and the median salary was $90,000 in the year 2015. Information indicates that health IT experts in the Pacific region (Alaska, California, Hawaii, Oregon and Washington) reported the greatest average salary ($127,117), while those in the West South Central region (Arkansas, Louisiana, Oklahoma and Texas) had the lowest average salary ($101,281).
Additionally, survey respondents working for discussing firms reported the greatest average salaries ($140,971), while those working for hospitals that are part of a multi-hospital network reported the lowest average salaries ($99,305). Those working at for-profit private agencies indicated the greatest average salaries ($116,726), while those at government agencies reported the lowest average salaries ($100,645).
“There is no good time to be worked and employed in healthcare than today,” states JoAnn Klinedinst, vice president of professional development at HIMSS North America. “This is a snapshot of the thrilling opportunities for IT experts in the healthcare environment. Outside of hospitals and physician practices, healthcare also appears in various different non-traditional settings like retail, underscoring the dynamic shift that we are analyzing.”
Moreover, HIT experts working for greater agencies ($1 billion or more) reported greater average salaries ($134,200) than did those who worked for smaller agencies (under $5 million) that reported the lowest average salaries ($114,168).
Job titles/duties were an indicator of salary stage in the survey. HIT experts who categorized themselves as executive management earned the largest average salaries ($196,472), while those who recognized as associate staff experts earned the lowest average salaries ($69,104).
The HIMSS analysis also disclosed an important gender gap. Male respondents to the survey reported greater average salaries ($126,262) in contrast to the women ($100,762).
On the positive aspect, more than 3-quarters of HIT experts surveyed said they acquired a raise, with the average reported raise being 3.91%.
“I was very glad to analyze the number of respondents who stated they got either a raise or a bonus, which recommends that agencies are respecting and recognizing their workers,” analyzes Jennifer Horowitz, senior director of research for HIMSS North America.
Although, less than half of survey respondents (47%) reported that they acquired a bonus in the past year. Among those that did acquire a bonus, the median was 5 to 6% of their salary. At the similar time, 12% of respondents that achieved a bonus demonstrated it was greater than 10% of their salary, and 17% showed their bonus was 2% of their salary or less.
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