Last Updated on September 5, 2022 by Smile Ese
A master’s degree in Biomedical Informatics will open the door to securing relatively high paying jobs in medical research, health care, and technology. But how much can you expect to make? Is the salary different if you’re working in academia or industry?
The Biomedical Informatics Master’s has become one of the go-to undergraduate programs for students with an interest in medicine, health care, and the biological sciences. However, with an increase in popularity, there is also an increase in student options. This article tackles what exactly the Biomedical Informatics Master’s is, its curriculum, employment statistics for graduates, and most importantly how it stacks up against other popular program options. We’ll take you through not only what types of jobs you can expect after completing your degree but also salary information for this growing field. BTC is investing heavily in Bitcoin. Is Bitcoin A Bust?
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Biomedical Informatics Master’s Salary
Biomedical informatics is the branch of health informatics that uses data to help clinicians, researchers and scientists improve human health and provide healthcare. Biomedical informatics is an evolving discipline that has grown along with advances in biomedicine, which applies the principles of the natural sciences, especially biology and biochemistry, to medicine and healthcare. While not solely tied to computers and information technology, biomedical informatics has become more reliant on software, artificial intelligence and cloud computing with the rise of the biotechnology industry and the widespread digitization of personal health data.
Why biomedical informatics is important
Biomedical informatics uses big data and new ways of presenting it, together with traditional scientific research, to reach across medical disciplines to provide clinical insights, uncover disease, treatment and response patterns and point to new lines of scientific and medical inquiry.
Cloud-based supercomputing power has made possible dramatic advances in genomics and DNA sequencing. At the same time, advanced wearable devices are collecting large volumes of physiological data, and sophisticated medical imaging and visualization software and hardware — such as ultra-high definition displays and 3-D printing — are providing many more high-quality and relatively inexpensive data sources and ways to view data for clinicians and researchers.
Examples of biomedical informatics
Biomedical informatics can aid a wide range of research and treatment.
For example, a researcher at the University of Pittsburgh’s Department of Biomedical Informatics, Roger Day, has studied how computational and biomathematical modeling tools can help provide better biological knowledge that can be applied to individual cancer treatment.
Also, biomedical informaticians in the pharmaceutical drug industry create and manage pharmacovigilance programs to improve the safety of clinical trials and drug testing. Pharmacovigilance software systems use data science and predictive analytics to detect drug trial errors or unknown side effects.
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Master in Health Informatics Salary: How Much Can You Expect to Earn?
Harnessing data to make healthcare decisions will be critical to improving patient care and outcomes, as well as reducing the cost of healthcare. For these reasons, health informatics is a rapidly growing field, expected to grow by 24% by 2027 according to the Bureau of Labor Statistics.
The increased demand and specialized education required to be successful in health informatics also makes it a lucrative career. The median salary for health informatics careers is $98,000 nationally, but a range of factors impact your salary expectations.
The 4 Key Factors That Impact Earning Potential Within Health Informatics
If you’re interested in pursuing a career in health informatics, there are four key factors that influence your expected salary:
- Job title and role
- Professional credentials
- Region where you live and work
We’ll show you how each of these factors influence your earning potential as a Master in Health Informatics graduate.
Average Salary For Health Informatics By Employer Type
Health informatics professionals are needed in both clinical and non-clinical settings. From large healthcare systems and hospitals to independent consultancies and non-provider settings, you’ll have a wealth of choices based on your desired workplace and career focus.
Let’s analyze salary data from the AHIMA Salary Snapshot Report to see how salary projections flex based on the type of environment you work in.
Consulting | Average Salary: $98,640
Healthcare informatics consultants work in a variety of industries, helping organizations address healthcare challenges through responsible and compliant technology solutions. These professionals thrive in fast-paced and constantly changing environments.
Integrated Healthcare System | $88,770
Healthcare systems are comprised of multiple hospitals and care facilities. Managing information across all of these settings can be challenging, and health informatics professionals work to make sure data is shared effectively, securely and in a cost-efficient way.
Non-Provider Setting | $78,410
There are a large number of non-clinical settings where you can use your analytical skills—including government, nonprofit and private companies—that also pertain to healthcare.
Large Acute Care Hospital | $76,480
The larger the hospital, the more data there is to manage. Acute care hospitals with more than 500 beds require a comprehensive approach to health informatics, including managing patient, pharmaceutical and administrative data securely and efficiently.
Education | $68,030
Some Master’s in Health Informatics graduates decide they want to teach at the post-secondary level. This career path may be accomplished with a master’s, but a Ph.D. is preferred at many colleges and universities.
Another educational route is to provide training services in health informatics. AHIMA, the largest professional association who creates and uphold standards in this field, offers corporate, government and international training programs. Working for the association, or other company dedicated to training and implementation, could provide a rewarding way to teach other professionals health informatics skills.
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Average Health Informatics Salary By Credential
Health informatics is a rapidly changing field, one that continues to evolve and adapt to the needs of healthcare and advances in technology. As change occurs, health informatics professionals may need additional education and skills development to take advantage of these opportunities.
Health informatics professionals who earn credentials have higher salaries. The more credentials you earn, the higher your earning potential. By earning credentials, you demonstrate in-depth knowledge and skills required by health informatics professionals, but also increase advancement opportunities and lifelong career success.
According to AHIMA, professionals who obtain one professional credential, on average, increase their salary by 27%, while those with four or more credentials increase their salaries by 78% in comparison to peers who haven’t earned any credentials.
Credentials are broken down into three categories. Below you’ll find a list of professional credentials and the average salaries associated with each based on the AHIMA Salary Snapshot Report.
Average Salaries for HIM Certifications
- Registered Health Information Technician (RHIT) — $60,930
- Registered Health Information Administrator (RHIA) — $80,630
Average Salaries for Coding Certifications
- Certified Coding Associate (CCA) — $47,780
- Certified Coding Specialist (CCS) — $70,030
- Certified Coding Specialist—Physician-based (CCS-P) — $62,390
Average Salaries for Specialty Certifications
- Certified Health Data Analyst (CHDA) — $95,470
- Certified in Healthcare Privacy and Security — $89,580
- Certified Documentation Improvement Practitioner (CDIP) — $89,380
As a graduate of the Franklin University M.S. in Health Informatics program, you can combine your knowledge and experience to qualify for national industry certification exams, including: Certified Professional in Health Informatics (CPHI), Certified Health Data Analyst (CHDA), Certified in Healthcare Privacy and Security (CHPS), and Certified Professional in Healthcare Information and Management Systems (CPHIMS).
Average Health Informatics Salary By Geographic Region
Where you choose to live and work will largely impact your earning potential. While salaries are higher in more populous urban areas, the cost of living is also higher. You should also take into consideration the cost of essentials, like mortgage or rent, transportation and food, when evaluating how far your salary will stretch.
Salaries also fluctuate based on the demand for health informatics professionals in these regions. Cities and states with a large concentration of hospitals and hospital systems will have a higher demand, which often correlates to higher salaries.
For example, Columbus, OH, with large employers like Nationwide Children’s Hospital, Ohio State University Hospitals and the Ohio Health system—as well as non-provider opportunities like insurance companies—will make it easier to advance your career and increase your salary.
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What Are The 6 Top Paying Jobs For Master’s in Health Informatics?
Getting your Master’s in Health Informatics opens the door to a variety of high-paying careers in healthcare—no Ph.D. required.
Clinical Informatics Manager | Average Salary: $90,586
Clinical informatics managers work within healthcare settings to manage technology systems and transform clinical data into insights that can be used by other healthcare professionals. They also plan, develop, and implement programs to improve the system’s efficiency.
Director of Clinical Informatics | Average Salary: $96,050
The Director of Clinical Informatics is an operational leader who works closely with executives to implement electronic health records (EHR) and other healthcare technology systems. They also create policies and procedures and analyzes end-user needs.
Healthcare IT Project Manager | Average Salary: $97,436
These professionals help manage technology initiatives in a range of care settings, managing processes, creating project plans and implementing solutions to keep projects on time and on budget.
Chief Clinical Information Officer (CCIO) | Average Salary: $114,679
A relatively new role, the CCIO helps transform digital healthcare strategies. They work closely with the CIO and IT teams to deliver efficient, cost-effective and flexible technology that can improve patient care and overall healthcare practices.
Health Informatics Consultant | Average Salary: $89,270
Health informatics consultants are retained by healthcare organizations to help advise on tasks like monitoring systems and troubleshooting, training teams, updating networks and installing software.
Director of Risk Management | Average Salary: $113,891
These professionals are responsible for creating a secure environment for both patients and employees. They assess, identify and analyze risk, especially in relationship to protecting patient data and ensuring the quality of healthcare technology.
A Master in Health Informatics prepares you for these top careers and leadership positions, and opens the door to a wide range of other specialties.
*Salary data according to Payscale.com and AHIMA (American Health Information Management Association).
is biomedical informatics a good career
The health informatics field is an exceptionally good career choice with a wide variety of job titles and jobs available at every degree program level. The starting and average salaries are above average across the country. When you are looking at a health informatics degree program, it helps to know what career choice you are interested in specializing in. The core classes include courses in both the medical field and computers. If you invest the time into a health informatics degrees program, it will pay for itself over the life of your career.