A majority of physicians recently said their income has plateaued or decreased. On the other hand, health information technology professionals find themselves enjoying higher salaries and greater demand, according to HealthITJobs.com's 2016 Health IT Salary Report.
The third annual report showed the average health IT professional earned a salary of $93,469, with an average bonus of $7,603. Still, a significant portion of survey respondents said they feel they should be making approximately $15,000 more.
Additionally, health IT executives earned a considerably larger salary, reaching $171,000 with an average bonus of $27,500. Job opportunities also appear promising, Tim Cannon, vice president of product management and marketing at HealthITJobs.com, explained in a press release.
"As the healthcare industry and technology continue to evolve, health IT professionals will be in higher demand," Cannon said. "Because these professionals bring such value to organizations, employers are willing to provide desirable compensation packages to attract and keep the best talent in the field."
While consulting and software companies were among those paying healthcare technology pros the highest salaries, the most common types of employers were hospitals and healthcare organizations.
The shift toward tech
Between reliance on Electronic Health Records (EHR) and the growing importance of healthcare coding, it's no surprise organizations are in search of professionals who can understand and streamline the healthcare sector's newest technologies. One look at the panic that ICD-10 implementation caused among healthcare organizations makes that clear.
"Physicians are typically the first line of offense."
As with every other business sector, cutting-edge technology is changing how healthcare providers work. However, the healthcare sector has the added burdens of strict regulations and governmental oversight to contend with, making reliance on new technologies not just strategic but necessary.
While healthcare IT pros are certainly vital to modern healthcare organizations, it's important not to let physicians themselves get lost in the shuffle. Physicians are typically the first line of offense when it comes to utilizing new tech to maximize reimbursement and ensure quality of care.
Healthcare organizations of all sizes - from large hospitals to small private practices - must invest in technology that not only makes it easy to stay compliant with today's value-based healthcare model but also speaks directly to doctors.
For instance, Intelligent Medical Objects' Problem IT Terminology implementation allows physicians to more easily capture information associated with Hierarchical Condition Categories, thereby providing more comprehensive care while also ensuring maximum payment from the Centers for Medicare and Medicaid Services.
Unlike with the standard coding systems found in EHRs, IMO terminology uses the language doctors use themselves, along with an intuitive interface that makes adding diagnoses simple.
All IMO technology is designed with clinician use in mind, helping doctors focus on providing the highest-quality patient care instead of worrying about convoluted coding systems.
IMO clinical terminology is the most widely used in the industry - find out why.