Research Reveals Increased Valuation and Expectations of Healthcare IT Professionals

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According to a recent study by Pivot Point Consulting, a Vaco Company, it’s a good time to work in healthcare IT.

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Health IT professionals have a higher valuation than ever before.

According to a recent study by Pivot Point Consulting, a Vaco Company, it’s a good time to work in healthcare IT. In fourth quarter 2017, Pivot Point Consulting conducted an anonymous survey of 488 industry professionals across the United States, covering questions of compensation and career motivation. Among their findings: the average salary of full-time HIT workers has increased by 12% since 2015, growing from $93,960 to $107,146. Survey participants anticipated those gains to continue, with nearly 49% of salaried full-time employees reporting they expect a salary increase in the next year in their current role, and 97% of hourly consultants rating pay “important” or “highly important” when evaluating a potential contract. These factors reflect health IT professionals having a higher valuation than ever before.

Other key findings include:

  • 56% of contracted consultants said they would consider a full-time role, and 94% of full-time employees said they would consider taking a consulting role
  • Higher salary was rated a primary factor for both contracted consultants and full-time employees considering a new job opportunity
  • 66% of contracted consultants said that the option to telecommute/perform remote work was either a “considerable factor” or a “deal breaker” when considering a new role

The full report will debut at the HIMSS18 Conference and Exhibition. It is available for pre-order here.

Pivot Point has released this market report for the last six years, covering issues of compensation, benefits packages and career motivation. For hiring managers seeking skilled candidates and HIT professionals considering a career move the report details current compensation and benefit data and trends about professionals working in full-time and contract roles.

About Pivot Point Consulting, a Vaco Company
Pivot Point Consulting is a healthcare IT consulting leader specializing in technology and strategic advisory services, EHR implementation, training, optimization, legacy support and project management. The firm has 250 consultants, 50 internal employees and serves over 50 clients across the nation. Clients range from large multi-hospital networks to academic institutions, pediatric hospitals, and local community clinics. The company has earned many industry and workplace quality awards including: highest rated vendor in KLAS Implementation Services Select Category (July 2017 report), #1 in KLAS for Epic Consulting in the Select Category in 2016, and #9 in Modern Healthcare’s Best Places to Work in 2016. For more information about Pivot Point Consulting, visit http://www.pivotpointconsulting.com. Follow us on Twitter @pivotpc.

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Ellie Andonian
@pivotpc
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Pivot Point Consulting, a Vaco Company
since: 03/2013
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Pivot Point Consulting, a Vaco Company

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