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Hospital Risk Manager information

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$49.2K

$106.6K

$162.5K

How much do hospital risk manager jobs pay per year?

As of Jul 27, 2026, the average yearly pay for hospital risk manager in Philadelphia, PA is $106,617.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,000.00 and $123,300.00 per year, depending on experience, location, and employer.

What does a risk manager do in a hospital?

A hospital risk manager is responsible for identifying, assessing, and mitigating risks that could harm patients, staff, or the organization. They develop safety protocols, ensure compliance with regulations, and analyze incident reports to prevent future issues, often using data analysis and risk management tools. Certification such as the Certified Professional in Healthcare Risk Management (CPHRM) is commonly required.

What are hospital risk managers and what do they do?

Hospital risk managers are professionals responsible for identifying, assessing, and minimizing risks within healthcare facilities to ensure patient safety and protect the hospital from legal and financial liabilities. They analyze incidents, develop policies and procedures, conduct staff training, and collaborate with other departments to address potential risks. Their work helps maintain compliance with regulations, improve patient care quality, and reduce the likelihood of lawsuits or costly errors.

How to become a hospital risk manager?

To become a hospital risk manager, individuals typically need a bachelor's degree in healthcare administration, nursing, or a related field, along with experience in healthcare or risk management. Many employers prefer candidates with professional certifications such as the Certified Professional in Healthcare Risk Management (CPHRM). Developing skills in risk assessment, compliance, and incident investigation is also important for success in this role.

What is the highest salary for a risk manager?

Hospital risk managers can earn salaries up to $130,000 or higher annually, especially with extensive experience, advanced certifications, and working in large healthcare facilities. Top earners often have specialized skills in compliance, patient safety, and risk assessment. Salaries vary based on location, education, and the size of the organization.

What are the key skills and qualifications needed to thrive as a Hospital Risk Manager, and why are they important?

To thrive as a Hospital Risk Manager, you need a solid understanding of healthcare regulations, risk assessment, and compliance, typically supported by a degree in healthcare administration or a related field and relevant experience. Familiarity with risk management software, incident reporting systems, and certifications like Certified Professional in Healthcare Risk Management (CPHRM) are commonly required. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for this role. These competencies are essential for identifying potential risks, ensuring regulatory compliance, and promoting patient and staff safety in a complex healthcare environment.

What are some of the common challenges faced by Hospital Risk Managers on a day-to-day basis?

Hospital Risk Managers often face the challenge of balancing regulatory compliance with patient care needs. They must stay updated on constantly changing healthcare laws and accreditation standards, while also working with clinical and administrative teams to identify and mitigate risks. Coordinating incident investigations and implementing effective risk-reduction strategies requires strong communication and analytical skills. Additionally, managing multiple priorities such as data analysis, staff training, and reporting can be demanding, but these tasks are crucial to maintaining a safe hospital environment.

What is the difference between Hospital Risk Manager vs Hospital Safety Coordinator?

AspectHospital Risk ManagerHospital Safety Coordinator
CertificationsRisk Management Certification, CPR, OSHA trainingOSHA training, Safety certifications
Work EnvironmentAdministrative, strategic planning, policy developmentOn-site safety inspections, staff training
Employer & Industry UsageHospitals, healthcare organizationsHospitals, clinics, healthcare facilities

The Hospital Risk Manager focuses on identifying and mitigating risks across the hospital, including legal and financial risks, while the Hospital Safety Coordinator concentrates on maintaining a safe environment through inspections and safety protocols. Both roles require safety-related certifications and work within healthcare settings, but their primary responsibilities differ in scope and focus.

How much does a risk manager get paid?

Hospital risk managers typically earn a median annual salary of around $80,000 to $100,000, with experienced professionals and those in larger healthcare facilities earning higher wages. Salaries can vary based on location, education, certifications, and years of experience, and the role often requires knowledge of healthcare regulations and risk assessment tools.
What are the most commonly searched types of Hospital Risk jobs in Philadelphia, PA? The most popular types of Hospital Risk jobs in Philadelphia, PA are:
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What job categories do people searching Hospital Risk Manager jobs in Philadelphia, PA look for? The top searched job categories for Hospital Risk Manager jobs in Philadelphia, PA are:
What cities near Philadelphia, PA are hiring for Hospital Risk Manager jobs? Cities near Philadelphia, PA with the most Hospital Risk Manager job openings:
Hospital Risk Manager jobs near you
Infographic showing various Hospital Risk Manager job openings in Philadelphia, PA as of July 2026, with employment types broken down into 1% Locum Tenens, 2% As Needed, 73% Full Time, 17% Part Time, and 7% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $106,617 per year, or $51.3 per hour.
Sr. Director, Risk Management

Sr. Director, Risk Management

Children's Hospital of Philadelphia

Philadelphia, PA

Full-time

Posted 13 days ago

Children's Hospital Of Philadelphia rating

8.4

Company rating: 8.4 out of 10

Based on 96 frontline employees who took The Breakroom Quiz

68th of 1,051 rated hospitals

Job description

SHIFT:

Day (United States of America) Seeking Breakthrough Makers
Children’s Hospital of Philadelphia (CHOP) offers countless ways to change lives. Our diverse community of more than 20,000 Breakthrough Makers will inspire you to pursue passions, develop expertise, and drive innovation.
At CHOP, your experience is valued; your voice is heard; and your contributions make a difference for patients and families. Join us as we build on our promise to advance pediatric care—and your career.
CHOP’s Commitment to Diversity, Equity, and Inclusion
CHOP is committed to building an inclusive culture where employees feel a sense of belonging, connection, and community within their workplace. We are a team dedicated to fostering an environment that allows for all to be their authentic selves. We are focused on attracting, cultivating, and retaining diverse talent who can help us deliver on our mission to be a world leader in the advancement of healthcare for children.
We strongly encourage all candidates of diverse backgrounds and lived experiences to apply.
A Brief Overview
The Sr. Director of Risk Management leads the organization's clinical risk management activities, which includes administering the daily functions of the risk management program; managing claims against the facility, its employees and staff; managing and analyzing risk management data; conducting risk management educational programs; providing risk management perspective on institutional initiatives and situations; and complying with risk management standards of the Joint Commission and other state and regulatory agencies, all with the objective of promoting patient safety, enhancing quality of care, and controlling and minimizing loss to protect the assets of the institution.
What you will do
  • Loss Prevention/ Patient Safety -Work collaboratively with the Office of Patient Safety and Quality on the review and investigation of patient incidents, and provide assistance as necessary to patient safety initiatives including RCAs and ACAs. Conduct system-wide loss prevention and control activities including orientation programs and ongoing educational programs. Participate in due diligence and consider potential liability for new clinical services, delivery models, and collaborative clinical agreements. Provide thoughtful and strategic Risk Management perspective on institutional clinical issues such as new programs and policies. Assure RM staffing on multidisciplinary committees including the Patient Safety, Health Information Management, Infection Prevention and Control, Therapeutic Standards, Medical Devices, Environmental Health & Safety, and Credentials committees as well as ad-hoc clinical committees.
  • Claims Management - Acting under the direction, supervision and control of the Office of General Counsel, investigate serious clinical events, keep senior management and others apprised of such events, preserve evidence, comply with reporting requirements to state and federal agencies including the NPDB, MMSEA and Mcare, ensure proper reporting to insurance carriers, assist defense counsel in all aspects of litigation defense, and support defendants throughout the litigation process. Maintain up-to-date knowledge of status of all claims, provide Hospital operational expertise to defense strategies and discovery requests, identify the need for adjustments to loss reserves, and provide administrative support for the Claims Review Committee function and other administrative aspects of the Joint Insurance Program.
  • Medical-Legal Support to Clinicians - cultivate relationships with clinical staff at all levels to enhance reporting of clinical events by providing daily advice on all matters of a medical legal nature including challenging patient/family issues, staff discord issues, and other urgent patient issues. Provide advice to the Family Relations Department during resolution of patient complaints and billing disputes, and make referrals to in-house counsel when appropriate.
  • Administrative - Lead and develop clinical risk management staff. Prepare budgets. Keep abreast of all relevant regulatory and statutory changes that affect the system's clinical risk management program. Develop local and national risk management peer contacts. Communicate with Board level, as needed.
Education Qualifications
  • Bachelor's Degree Required
  • Master's Degree Business Administration, Law, Health Administration or related field Preferred
Experience Qualifications
  • At least eight (8) years risk management experience (or comparable experience) Required
  • Risk management experience (or comparable experience) in an academic institution Preferred
  • Clinical background Preferred
Skills and Abilities
  • High competency in Microsoft Word and Excel. (Required proficiency)
  • Medium competency in PowerPoint. (Required proficiency)
  • Strong verbal, written and interpersonal skills. (Required proficiency)
  • Strong analytical skills. (Required proficiency)
  • Must be able to prioritize work, possess good practical judgment and be able to work in crisis management mode. (Required proficiency)
Licenses and Certifications
  • Certified Professional in Healthcare Risk Management - American Society for Health Care Risk Management - upon hire - Preferred

To carry out its mission, CHOP is committed to supporting the health of our patients, families, workforce, and global community. As a condition of employment, CHOP employees who work in patient care buildings or who have patient facing responsibilities must be fully vaccinated against COVID-19 and receive an annual influenza vaccine. Learn more.
Employees may request exemptions for valid religious and medical reasons. Start dates may be delayed until candidates are immunized or exemption requests are reviewed.
EEO / VEVRAA Federal Contractor | Tobacco Statement

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About Children's Hospital of Philadelphia

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The Children's Hospital of Philadelphia (CHOP) is a renowned healthcare institution dedicated to the welfare of children. Established in 1855 and situated in the heart of Philadelphia, PA, US, it's known primarily for pediatric healthcare services, pioneering new treatments, and conducting notable research in child-related medical disciplines. As an industry trailblazer, CHOP has a well-established reputation in the pediatric healthcare sector and is recognized globally for its innovative approach towards advancing children's healthcare.

Industry

Hospitals

Company size

10,000+ Employees

Headquarters location

Philadelphia, PA, US

Year founded

1855

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