How Much Can I Make With A Master’s In Health Informatics?

Earning a master’s degree in health informatics can open up opportunities for greater income and career advancement in the field. According to the Bureau of Labor Statistics, employment of health informatics professionals is expected to grow faster than average. With today’s changing technology, experts in health informatics will need to keep up with new forms of electronic hospital record-keeping. This expertise is also essential to health business practices such as hospital management, patient billing, insurance payments and reimbursement, and public health research. A master’s degree can supply health care workers with the knowledge needed to manage patient data and health information systems.

Health Informatics Salary Statistics
The median annual pay for a health informatics specialists is $54,826. According to the Occupational Outlook Handbook, yearly pay for a health informatics job can depend on several factors, including length of work experience, location, area of specialty, and type of employer. Most health informatics specialists who earn within the $50,000 range have at least a bachelor’s degree in health management or a related field. They can also demonstrate work experience and competence on the job. Health informatics specialists that focus in specific sectors such as health insurance, health care IT services, and public health research may also find more work opportunities.

Health informatics specialists can go on to earn a master’s degree in health informatics to boost income and expand work opportunities. According to the Occupational Outlook Handbook and Payscale, annual earnings for professionals with master’s degrees in health informatics can range from $64,542 to $103,194, with an average salary of $80,811 per year. Yearly earnings can depend on several factors, including length of employment, area of specialization, and type of employer. Candidates can earn a master’s degree in health informatics from a number of prestigious universities, such as Hofstra University, University of Illinois at Chicago, Baylor College of Medicine, and East Virginia Medical School. Many schools also offer accredited master’s degree programs online. In order to expand work opportunities, candidates can choose programs that specialize in areas with high employment prospects, such as clinical informatics, nursing informatics, or pharmacy informatics. Each of these programs are available at the master’s level at a number of accredited schools. Candidates can also seek employment in locations with research agencies and high employment prospects for health care management, such as Dallas, Texas or Omaha, Nebraska.

Employers may also look favorably on master’s degree candidates with professional certification in conjunction with their degree training. Degree candidates can choose to pursue certification from several professional organizations. Along with graduation, candidates must take professional exam to receive certification. Important types of certification includes Registered Health Information Technician (RHIT) and Certified Tumor Registrar (CTR) from the American Health Information Management Association. In additional some states require certification in order to specialize in certain areas. For more information on such requirements, candidates should contact their state’s health board. Certification is designed to demonstrate competency in health informatics and indicate that candidates have mastered the latest management technology. Employers look favorably on employees fluent in the latest health management software and may offer year-end bonuses for top performers. Annual bonuses for health informatics employees can be up to $11,00 per year.

Conclusion
Health informatics professionals are health care workers who manage all aspects of health information systems. With today’s changing technology, these specialists have become critical to health record-keeping and patient data. With a master’s degree in health informatics, specialists can remain up to date on the latest technology and choose areas of specialization for the best employment and income opportunities.

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Victor Chance is a medical data specialist and guest author at Best Master’s Degrees, where he contributed to the guide to the Top 10 Best Master’s Degree Programs in Health Informatics.