How much does a Risk Management Director - Healthcare make in Connecticut? The average Risk Management Director - Healthcare salary in Connecticut is $160,840 as of February 26, 2024, but the range typically falls between $142,526 and $182,861. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Risk Management Director - Healthcare Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Management Director - Healthcare Salary $125,853 CT February 26, 2024
25th Percentile Risk Management Director - Healthcare Salary $142,526 CT February 26, 2024
50th Percentile Risk Management Director - Healthcare Salary $160,840 CT February 26, 2024
75th Percentile Risk Management Director - Healthcare Salary $182,861 CT February 26, 2024
90th Percentile Risk Management Director - Healthcare Salary $202,910 CT February 26, 2024
25% $142,526 10% $125,853 90% $202,910 75% $182,861 $160,840 50%(Median) Didn’t find job title? Click
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What skills does a Risk Management Director - Healthcare need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.

3.

Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.

Risk Management 27.2%
Risk Assessment 1.6%
Business Administration 0.8%
Others 70.4%

Job Description for Risk Management Director - Healthcare

Risk Management Director - Healthcare develops and administers risk management programs. Creates and modifies policies to comply with safety legislation, JCAHO, HIPAA, and industry practices. Being a Risk Management Director - Healthcare coordinates and develops hospital-wide programs for quality patient care and risk-free services. Acts as the liaison to attorneys, insurance companies, and individuals. Additionally, Risk Management Director - Healthcare investigates any incidences that may result in an asset loss. Oversees insurance designed to protect the health system from loss. Collects information related to the claims and lawsuits made against the health system. May require a bachelor's degree. Typically reports to top management. The Risk Management Director - Healthcare typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Risk Management Director - Healthcare typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Risk Management Director - Healthcare in Connecticut

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Location Avg. Salary Date Updated
Location New London, CT Avg. Salary $159,034 Date Updated February 26, 2024
Location Norwich, CT Avg. Salary $159,422 Date Updated February 26, 2024
Location West Haven, CT Avg. Salary $161,721 Date Updated February 26, 2024
Location Abington, CT Avg. Salary $157,964 Date Updated February 26, 2024
Location Amston, CT Avg. Salary $160,080 Date Updated February 26, 2024
Location Andover, CT Avg. Salary $161,288 Date Updated February 26, 2024
Location Ansonia, CT Avg. Salary $161,721 Date Updated February 26, 2024
Location Ashford, CT Avg. Salary $158,106 Date Updated February 26, 2024
Location Avon, CT Avg. Salary $161,586 Date Updated February 26, 2024
Location Ballouville, CT Avg. Salary $157,730 Date Updated February 26, 2024
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Risk Management Director - Healthcare Salary in Connecticut
Risk Management Director - Healthcare Salary Graph, Regional Distribution and Summary