Compared with other hospital executives, CMOs have received only mild salary increases over the past year, according to a survey from Yaffe & Co., a healthcare compensation consulting firm.
CMOs recorded an average salary raise of 3.04 percent, while CEOs and CFOs have seen raises ranging between 4 and 5 percent.
Supplemental executive retirement plans for CMOs vary, as most of the largest hospitals and health system typically have one. Among hospitals with at least $500 million of net patient revenue, roughly 63 percent of CFOs had a SERP.
Here are 27 statistics on average salary adjustments and SERPs for hospital CMOs. Note: The survey received responses from 406 hospitals and health systems. Forty-one percent of hospital respondents had net patient revenue between $35 million and $199 million, while 39 percent had net patient revenue less than $35 million. All average adjustments include increases, decreases and freezes in base salaries.
Average hospital CMO salary adjustment by year
2009-2010: 3.08 percent
2010-2011: 4.47 percent
2011-2012: 3.10 percent
2012-2013: 3.04 percent
Average hospital CMO salary adjustments by net patient revenue
Hospitals with net patient revenue less than $35 million
25th percentile: 0 percent
50th percentile: 0 percent
75th percentile: 0 percent
Hospitals with net patient revenue between $35 million and $99 million
25th percentile: 0 percent
50th percentile: 0 percent
75th percentile: 3.1 percent
Hospitals with net patient revenue between $100 million and $199 million
25th percentile: 0 percent
50th percentile: 2.0 percent
75th percentile: 3.0 percent
Hospitals with net patient revenue between $200 million and $500 million
25th percentile: 2.0 percent
50th percentile: 2.5 percent
75th percentile: 5.4 percent
Hospitals with net patient revenue greater than $500 million
25th percentile: 0 percent
50th percentile: 2.5 percent
75th percentile: 2.9 percent
Total
25th percentile: 0 percent
50th percentile: 2.4 percent
75th percentile: 3.4 percent
Hospital CMOs with SERPs
Hospitals with net patient revenue less than $35 million: 0 percent
Hospitals with net patient revenue between $35 million and $99 million: 19 percent
Hospitals with net patient revenue between $100 million and $199 million: 25 percent
Hospitals with net patient revenue between $200 million and $500 million: 44 percent
Hospitals with net patient revenue greater than $500 million: 63 percent
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