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Healthcare Management Average Salaries in Iceland 2024

How much money does a person working in Healthcare Management make in Iceland?


Average Monthly Salary
935,000 ISK
( 11,200,000 ISK yearly)

LOW
215,000
ISK
AVERAGE
935,000
ISK
HIGH
2,130,000
ISK
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Healthcare Management in Iceland typically earns around 935,000 ISK. Salaries range from 215,000 ISK (lowest average) to 2,130,000 ISK (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Healthcare Management domain in Iceland exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Health and Medical
Administrative Director1,140,000 ISK
Admitting Clerk217,000 ISK
Admitting Manager642,000 ISK
Admitting Representative304,000 ISK
Breast Center Manager1,960,000 ISK
Cardiology Manager1,960,000 ISK
Care Coordinator305,000 ISK
Certified Medical Assistant390,000 ISK
Chief Clinical Transformation Officer1,060,000 ISK
Chief Genomics Officer1,460,000 ISK
Chief Mental Health Officer1,820,000 ISK
Chief Neurotechnology Officer1,890,000 ISK
Chief of Psychology1,970,000 ISK
Chief Population Health Officer1,450,000 ISK
Clinical Director1,820,000 ISK
Clinical Policy Developer546,000 ISK
Coding Practice Manager758,000 ISK
Community Organizer347,000 ISK
Community Relations Manager679,000 ISK
Credentialing Analyst534,000 ISK
Data Coordinator279,000 ISK
Director of Medical Staff Services1,170,000 ISK
Discharge Coordinator280,000 ISK
Emergency Management Director1,640,000 ISK
Emergency Services Director1,700,000 ISK
ER Registration Supervisor414,000 ISK
Food Services Director790,000 ISK
Health Compliance Director1,550,000 ISK
Health Compliance Manager1,010,000 ISK
Health Data Privacy Officer781,000 ISK
Health Economist1,540,000 ISK
Health Information Management Specialist575,000 ISK
Health Information Manager798,000 ISK
Health Services Manager1,420,000 ISK
Health Technology Consultant778,000 ISK
Healthcare Analytics Manager876,000 ISK
HealthTech Regulatory Consultant665,000 ISK
Home Health Scheduler343,000 ISK
Intake Coordinator315,000 ISK
Lead Patient Account Representative597,000 ISK
Managed Care Assistant322,000 ISK
Maternity Services Director1,440,000 ISK
Medical Administrator720,000 ISK
Medical Assistant345,000 ISK
Medical Billing Clerk276,000 ISK
Medical Billing Specialist572,000 ISK
Medical Director1,530,000 ISK
Medical Equipment Maintenance Manager628,000 ISK
Medical Insurance Manager1,120,000 ISK
Medical Office Administrator610,000 ISK
Medical Office Manager1,110,000 ISK
Medical Policy Manager929,000 ISK
Medical Policy Specialist566,000 ISK
Medical Project Coordinator417,000 ISK
Medical Records Administrator419,000 ISK
Medical Records Clerk205,000 ISK
Medical Records Coding Manager759,000 ISK
Medical Records Director875,000 ISK
Medical Records Specialist412,000 ISK
Medical Records Transcriptionist324,000 ISK
Medical Secretary338,000 ISK
Medical Staff Services Specialist690,000 ISK
Patient Account Represenatative483,000 ISK
Population Health Manager1,040,000 ISK
Practice Manager1,280,000 ISK
Program Coordinator295,000 ISK
Project Manager798,000 ISK
Quality Assurance Manager902,000 ISK
Radiology Manager1,600,000 ISK
Registered Medical Assistant355,000 ISK
Rehabilitation Director1,470,000 ISK
Rehabilitation Services Manager1,640,000 ISK
Treatment Services Director1,940,000 ISK
Ward Manager953,000 ISK


Healthcare Management Jobs Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Healthcare Management monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,020,000 ISK or more
10% of people earn
821,000 to 1,020,000 ISK
20% of people earn
383,000 ISK or less
65% of people earn
383,000 to 821,000 ISK
Minimum Salary
215,000
ISK
Median
860,000
ISK
Maximum
2,130,000
ISK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Healthcare Management in Iceland range from 215,000 ISK (starting average salary) to 2,130,000 ISK (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Healthcare Management is 860,000 ISK, implying that half of the workforce in Iceland earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Healthcare Management in Iceland earn less than 613,000 ISK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 1,100,000 ISK, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Healthcare Management in Iceland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 383,000 ISK to 821,000 ISK. Approximately 20% of salaries were below the 383,000 ISK mark, while 10% ranged from 821,000 ISK to 1,020,000 ISK. Only 5% of individuals earned a gross salary of 1,020,000 ISK or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Healthcare Management in Iceland having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary and Compensation Comparison By Gender / Healthcare Management / Iceland

Salary comparison by gender Iceland Healthcare Management monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Healthcare Management in Iceland, the average difference between the salary of male and female employees is 5%.

Male
956,000 ISK
Female-4%
914,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Iceland for all Careers

Salary comparison by gender monthly Iceland
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Average Annual Salary Increment Percentage / Healthcare Management / Iceland

How much are annual salary increments in Iceland for individuals working in Healthcare Management? How often do employees get salary raises?

Professionals working in Healthcare Management in Iceland are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Iceland Healthcare Management
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Iceland / All Professions

Annual Salary Increment Rate Iceland
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Iceland is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Healthcare Management / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Healthcare Management
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36% of surveyed staff in Healthcare Management reported that they haven't received any bonuses or incentives in the previous year while 64% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
64%
No Bonus
36%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Healthcare Management / Iceland


5,390 ISK per hour

The average hourly wage (pay per hour) in Healthcare Management in Iceland is 5,390 ISK.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Healthcare Management in Iceland is 1,240 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Reykjavik986,000 ISK

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Iceland is 25% on average across all career fields.

Private Sector
614,000 ISK
Public Sector+25%
765,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Healthcare Management in Iceland?

A good and competitive compensation would range anywhere between 860,000 ISK and 1,100,000 ISK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Healthcare Management in Iceland ranges from 215,000 ISK to 613,000 ISK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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