Dive Brief:
- The 2015 HIMSS Compensation Survey discovered there is almost a $30,000 gap between men and women's salary in the field.
- The organization surveyed 1,900 healthcare professionals and found men earn on average $125,262 compared to $100,762 for women.
- Executive management positions grabbed the highest average salary of $196,472, while those working at hospitals as part of a multi-hospital system reported the lowest average salary of $99,305.
Dive Insight:
Government employees are the lowest paid compared to for-profit and non-profit sectors, with the average salary being $100,645.
Salaries varied with geographic location: Those in the Pacific Northwest have an average salary of $121,117 compared to an average salary of $101,281 in the West-South-Central area of the country.
Although less than half of respondents said they received a bonus within the past year, 77% said they had received a raise as of June 2015. The average raise was 3.91%. Almost all survey respondents said they received benefits (medical, dental, paid time off, 401K or 403b retirement fund) but only 9.3% had a profit sharing pension plan and 5.3% had a money purchase plan. Almost 20% are employed by organizations with annual net revenues of $1 billion or more.
The majority of respondents (66%) work for a nonprofit organization, 33% work for a hospital that's part of a multi-hospital system, and the remainder work for a corporation or healthcare organization.
An interesting trend the survey revealed is salaries don't necessarily align with an organization's net revenue. Those working for organizations with net revenues under $5 million, had an average salary of $144,168 compared to those working for an organization with net revenues between $5 and $9 million, who earned an average salary of $107,624.