The average compensation for chief financial officers at hospitals was $208,800 in 2011, according to this compensation survey conducted every other year by the Healthcare Financial Management Association. As one might expect, compensation was found to increase with the bed size of the hospital, ranging from an average compensation of about $115k for CFOs in the smallest hospitals to an average of over $330k for CEOs in the largest hospitals. Likewise, CFOs of health systems are paid more than those in hospitals.
Source: Highlights from HFMA’s 2011 compensation survey. HFM. Healthcare Financial Management;65(8):56-59. Full text here: http://www.allbusiness.com/labor-employment/compensation-benefits-wages-salaries/16656309-1.html Posted by AHA Resource Center, (312) 422-2050, rc@aha.org
Filed under: Financial management, Posted by Kim Garber | Tagged: Compensation surveys, Health system CFO pay, Hospital CFO pay, Salary surveys |
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