Is It Worth Getting a Master’s in Health Informatics? [2024 Guide]
By Joy Miller
Edited by Briana Sukert
Updated on September 25, 2024
Is it worth getting a masters in Health Informatics?
With job demand on the rise, it can be a profitable venture for future industry professionals.
But you’ll need to make sure that you choose the right health information management degree program to maximize the benefits of your education.
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Yes, a masters in health informatics is worth it for many students. The Bureau of Labor Statistics is projecting 15% job growth in healthcare occupations over the next 10 years. Common healthcare informatics careers include administrators, data analysts, project managers, IT consultants and computer system specialists.
You aren’t limited to a specific type of degree, either. There are several options for graduate students who want to study healthcare informatics, including:
As you might imagine, there’s a lot of crossover between these degrees. They teach many of the same subjects, including finance, information technology and data analytics, and they can have the same degree requirements in terms of internships and residencies.
Ultimately, the decision will be yours. Which degree programs are offered by your favorite schools? How many credits will you need to graduate? What’s their admission process like? What’s their acceptance rate?
Ask yourself these questions while comparing and contrasting colleges to figure out which one has the best healthcare informatics program for you.
According to the U.S. Bureau of Labor Statistics, it is estimated that healthcare occupations will grow by 15 percent in the next decade. It is projected that more than 2.4 million jobs will be added to the economy, including healthcare-based administrative jobs in records, finances, supply chains and information systems.
The field of informatics is buzzing with opportunity. Here are just a few careers that you might consider after getting your master’s degree:
| Careers | Annual Median Salary |
| Medical and Health Information Manager | $104,280 |
| Information Systems Analyst | $96,430 |
| System Integration Engineer | $96,040 |
| Information Technology Consultant | $95,800 |
| Health Informatics Specialist | $93,730 |
| Information Security Analyst in Healthcare | $89,900 |
| Data Analyst in Hospitals | $85,190 |
| System Administrator | $84,810 |
| Project Management Specialist | $77,420 |
| Revenue Cycle Manager | $66,130 |
As you can see, there’s a wide range of salaries depending on your chosen profession. Other factors that can impact salary include your company, location, credentials, years of experience and overall job demand.
Even with just a bachelor’s degree in health informatics or bachelor’s degree in health information technology, there are many potential career paths for students who are interested in this field. This is one of the reasons why a traditional or masters in healthcare informatics online can be worth it; you can take your degree and become everything from a freelance software engineer to a corporate project manager.
As for the most common jobs in healthcare informatics, here are a few that you’ll probably see over and over again on job boards:
Keep in mind, however, that these are just the most common jobs. There are many other options for healthcare informatics professionals, including ones in computers, finance, business, insurance and customer support.
Is a masters in health informatics worth it? This is a common question for students who are interested in the data-driven side of the healthcare industry.
Fortunately, it has a good answer: Health informatics is on the rise, and master’s degree holders often have an edge over other job applicants.
The world grows more digital by the day. Healthcare businesses are adapting to that fact, so there’s an increasing demand for online networks and information systems, which translates to more jobs for qualified applicants.
The U.S. Bureau of Labor Statistics predicts that there will be more than 2.4 million healthcare jobs added to the industry in the next decade. That’s a 15 percent growth rate, and that’s much higher than the national average for all occupations.
A graduate degree can’t guarantee you a job. However, it can prepare you for work in specialized positions or leadership roles, and it can give your resume a boost when it’s being compared to others.
A master’s degree in health informatics is a graduate-level degree. It’s available in many forms, including a master of science (MS), master of health informatics (MHI) and a concentration for a master of healthcare administration (MHA) or master of healthcare management (MHM).
Subjects can vary, but you’ll usually learn about business, finance, policy, technology and information systems. Data analytics is another big theme. You might also be asked to take math classes to prepare you for work with things like statistics and insurance claims.
If you’re aiming for a supervisory position with a title like “manager” or “director,” you might want to look into some leadership electives as well.
According to the American Health Information Management Association (AHIMA), the average salary for a nonsupervisory healthcare informatics is over $63,000 per year, while those in supervisory levels have an average salary of over $79,000 per year. However, some jobs can reach higher than $100,000 per year while others can be as low as $50,000 per year.
The best-paying jobs are usually related to information technology (IT). You can make serious money as a software developer, database administrator, network architect or system integration engineer.
You might also be interested in becoming an informaticist. This is the title given to informatics specialists who use their computer skills to collect and organize healthcare data in its many forms. With average salaries in the $60,000 – $100,000 range (Bureau of Labor Statistics), it can be a pretty lucrative job.
At the end of the day, however, your paycheck will depend on what you want to do and where you want to work. Salaries are just as diverse as job opportunities in the field of healthcare informatics.
Is an online masters in healthcare informatics worth it? Is it the same as a regular degree? Will it hold equal weight with a degree that was earned on campus?
If you choose the right degree program, the answer is yes.
Here’s what to look for in an online grad school:
Another thing to note is that some online programs aren’t 100 percent online. They might have face-to-face requirements for exams, practicums, internships or capstone projects. Make sure to do some research on your school’s expectations before applying.
Per credit, the cost of a graduate degree is usually higher than an undergraduate degree. However, the specifics will depend on a number of factors:
A master’s degree in health informatics can require anywhere between 15 – 50 credits, so you’ll need to do the math after looking at prices per credit.
Are you ready for grad school? You might need to meet certain requirements before you’re considered a viable candidate for admission. Every university is different, but here are the most common things that students are asked for:
The good news is that a health informatics degree doesn’t usually have special admissions criteria. Even if you majored in an unrelated field on the baccalaureate level, you can still pursue an MHI, and if you already have a health informatics certificate, it could further strengthen your qualifications for admission.
Is a masters in health informatics worth it? While no one can answer that question but you, it’s definitely a degree with a lot of benefits.
It has real-world applications in multiple industries, and it often offers big paychecks with specialized, in-demand jobs. If you have a passion for healthcare and a knack for information systems, this could be the degree for you.
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