Healthcare Data Analyst’s Salary in November, 2022
With an average compensation per year of $71,784, the anticipated total pay for a healthcare data analyst in the United States is $76,491. These figures indicate the median of the ranges, which is the midpoint from our unique Total Pay Estimate model, and based on salaries collected from our users. Sounds promising, right?
What Is A Healthcare Data Analyst?
Collecting data has become an essential part of how businesses operate—especially in the healthcare sector. The healthcare industry's commercial and technological sectors must comprehend how to give patients the care they require cost-effectively. This calls for the expertise of healthcare data analysts. These people examine broad swaths of data and identify trends with the aim of enhancing operations.
To put it simply, the function of healthcare analysts is crucial to the operations of hospitals and other healthcare facilities.
This guide will provide you all the information about salaries for data analysts in the sector. For more information about typical salaries for healthcare analysts, continue reading.
What Do Healthcare Analysts Do?
So what do healthcare analysts actually do? Data gathering, health information management, data analysis, and statistics make up the majority of a healthcare data analyst's responsibilities. As a healthcare analyst or data scientist, your duties include gathering, maintaining, and analyzing information. Moreover, you will be responsible for recognizing trends within the data, and applying your conclusions to develop strategies for reducing costs and enhancing services in the healthcare system where you work.
Another aspect of this job is making executive summaries, and other reports, and then presenting them to your company's management team. Occasionally, you will have to send them to the many places where you gathered your data.
How Much Is A Healthcare Data Analyst Salary?
How much a health data analyst's salary depends on where they work. In Washington, Massachusetts, California, Virginia, and Alaska, health data analysts make the most money.
As of Nov 8, 2022, the average annual salary for a Healthcare Data Analytics in the United States is $86,258.
According to Payscale, an entry-level Health Data Analyst with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $57,288 based on 32 salaries. An early career Health Data Analyst with 1-4 years of experience earns an average total compensation of $67,705 based on 252 salaries. A mid-career Health Data Analyst with 5-9 years of experience earns an average total compensation of $71,948 based on 76 salaries. An experienced Health Data Analyst with 10-19 years of experience earns an average total compensation of $73,946 based on 24 salaries. In their late career (20 years and higher), employees earn an average total compensation of $75,000.
In case you need a quick pay estimator, that comes out to about $41.47 per hour. Most Healthcare Data Analytics salaries currently range between $48,000 (25th percentile) and $109,000 (75th percentile), with top earners (90th percentile) making $156,000 annually across the United States. This is the equivalent of $1,658/week or $, with annual salaries as high as $177,500 and as low as $23,500.
Healthcare Data Analytics salaries varied widely (by as much as $61,000 on average), indicating that there may be numerous prospects for growth and higher income dependent on experience, location, and skill level.
This range of healthcare data analyst salary is for healthcare analysts who work in a typical position and are employed by the following healthcare facilities and organizations:
- Hospitals (state, local, or private)
- Physicians’ offices
- Nursing home facilities
- Insurance companies
- Government agencies (state or federal)
- Non-governmental organizations
While a healthcare data analyst salary is significant, other factors such as your degree of education, your level of experience, and any relevant certifications, will raise your pay even further.
What are Top 10 Cities Paying The Highest Salary for Healthcare Data Analytics
We’ve identified 10 cities where salaries for jobs in healthcare data analytics typically exceed the national average.
Atkinson, Nebraska, is at the top of the list, followed closely by Bolinas, California, and San Francisco, California. Bolinas, CA exceeds the national average by $18,852 (21.9%), and Atkinson, NE continues this pattern by exceeding the $86,258 average by an additional $22,170 (25.7%).
Since the average salary in these ten cities is higher than the national average, changing locations appears to offer the best chance of advancing one's career in healthcare data analytics.
The average salary in these top ten locations varies only a tiny 11% between Atkinson, Nebraska, and Seattle, Washington, reinforcing the limited prospect for significant wage advancement. The ideal aspect of employing when considering location and salary for a position in healthcare data analytics may be the potential for a cheaper cost of living.
What are Top 5 Best Paying Related Healthcare Data Analytics Jobs in the U.S.
According to ZipRecruiter, there are at least 5 jobs related to the Healthcare Data Analytics field that pay more than the average for that field. Senior Data Analytics Engineer, Senior DATA Quality Analyst, and Senior Data Analyst Remote are a few prominent examples of these professions.
Importantly, the salaries for all of these positions range from $31,350 (36.3%) to $57,862 (67.1%), higher than the $86,258 median income for Healthcare Data Analytics. If you're qualified, you might be able to earn more money than the average Healthcare Data Analytics position by being hired for one of these similar positions.
Now you get updated about healthcare data analyst salary!
In general, this job is promising, with a high-level of average salary at about $80k. Locations and your qualification in the job can increase your salary even more.
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Since my major in university is Marketing, I always grasp the chance to improve my skills to become an all-rounded Marketer in the future. This job, to some extent, has brought me a lot of knowledge about multiple areas, which will be beneficial to my study career. In my free time, I'm into reading and watching classic movies. My favorite genre of all time is romantic comedy.
