Similar to hospital CEOs, hospital CFOs have received higher-than-average base salary raises, but they are lower than the raises issued before the 2008 economic collapse, according to a survey from Yaffe & Company, a healthcare compensation consulting firm.
Here are 26 statistics on average salary adjustments for hospital CFOs from 2004 through 2011. Note: The survey received responses from 267 hospitals and health systems. Sixty-five percent of respondents were single-hospital systems, and 51 percent had net patient revenue between $35 million and $199 million. All average adjustments include increases, decreases and freezes in base salaries.
2004-2005: 5.67 percent
2005-2006: 5.96 percent
2006-2007: 5.25 percent
2007-2008: 6.25 percent
2008-2009: 7.31 percent
2009-2010: 3.00 percent
2010-2011: 4.27 percent
2011-2012: 5.92 percent
Hospitals with net patient revenue less than $35 million
25th percentile: 0 percent
50th percentile: 1.9 percent
75th percentile: 7.3 percent
Hospitals with net patient revenue between $35 million and $99 million
25th percentile: 0 percent
50th percentile: 2.1 percent
75th percentile: 5 percent
Hospitals with net patient revenue between $100 million and $199 million
25th percentile: 2 percent
50th percentile: 3.7 percent
75th percentile: 5.6 percent
Hospitals with net patient revenue between $200 million and $500 million
25th percentile: 1.3 percent
50th percentile: 5 percent
75th percentile: 11.7 percent
Hospitals with net patient revenue greater than $500 million
25th percentile: 2.6 percent
50th percentile: 3.3 percent
75th percentile: 3.9 percent
Total
25th percentile: 0 percent
50th percentile: 3.5 percent
75th percentile: 7.1 percent
Here are 26 statistics on average salary adjustments for hospital CFOs from 2004 through 2011. Note: The survey received responses from 267 hospitals and health systems. Sixty-five percent of respondents were single-hospital systems, and 51 percent had net patient revenue between $35 million and $199 million. All average adjustments include increases, decreases and freezes in base salaries.
Average hospital CFO salary adjustments by year
2004-2005: 5.67 percent
2005-2006: 5.96 percent
2006-2007: 5.25 percent
2007-2008: 6.25 percent
2008-2009: 7.31 percent
2009-2010: 3.00 percent
2010-2011: 4.27 percent
2011-2012: 5.92 percent
Average hospital CFO salary adjustments by net patient revenue and percentiles
Hospitals with net patient revenue less than $35 million
25th percentile: 0 percent
50th percentile: 1.9 percent
75th percentile: 7.3 percent
Hospitals with net patient revenue between $35 million and $99 million
25th percentile: 0 percent
50th percentile: 2.1 percent
75th percentile: 5 percent
Hospitals with net patient revenue between $100 million and $199 million
25th percentile: 2 percent
50th percentile: 3.7 percent
75th percentile: 5.6 percent
Hospitals with net patient revenue between $200 million and $500 million
25th percentile: 1.3 percent
50th percentile: 5 percent
75th percentile: 11.7 percent
Hospitals with net patient revenue greater than $500 million
25th percentile: 2.6 percent
50th percentile: 3.3 percent
75th percentile: 3.9 percent
Total
25th percentile: 0 percent
50th percentile: 3.5 percent
75th percentile: 7.1 percent
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