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Chief Medical Officer (CMO) Salary (United States)

Chief Medical Officers in the United States can look forward to a sizeable six-figure salary — around $295K per year on average. Cash earnings for Chief Medical Officers — including $98K in bonuses and $50K in profit sharing proceeds near the top of the pay scale — generally stretch from $174K to $420K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. Making up 78 percent of those who took the survey, male Chief Medical Officers greatly outnumber their female counterparts. Medical benefits are awarded to a large number, and a majority earn dental coverage. Most Chief Medical Officers like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
Chief Medical Officer (CMO) Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$161,358 - $365,643
(Median)
160K
200K
270K
320K
370K
MEDIAN: $268,130
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$150K$300K$450K
Salary
$161,358 - $365,643  
   
Bonus
$0.00 - $97,821  
Profit Sharing
$0.00 - $49,665  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$173,621 - $420,390  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 313
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Job Description for Chief Medical Officer (CMO)

Chief medical officers (CMOs) are responsible for leading and supervising all medical activities and professionals on behalf of their organization. They are in charge of developing initiatives to increase medical satisfaction, modifying service delivery methods, and researching current clinical trends and patient care methods to modify existing models. They communicate with suppliers, staff, and patients and their families to gather feedback to help improve service processes. These leaders also provide internal support in terms of strategic and operational direction.
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Chief Medical Officer (CMO) Tasks
  • Ensure the hospital remains in compliance with all government regulations, accreditation programs, and facility policies.
  • Coordinate with doctors and administration to monitor the quality of and continue to maintain standards of care.
  • Provide training for new doctors, and keep medical staff up to date on facility regulations and procedures.
  • Supervise the doctors and manage the health programs at a medical facility.
  • Attend meetings with the hospital’s board of directors and administration to discuss hospital improvements, policies, procedures, or other matters.

Chief Medical Officer (CMO) Job Listings

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Job skills reported by Chief Medical Officers are limited. IT Management and Physician are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Physician.

Pay by Experience Level for Chief Medical Officer (CMO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $269K; however, individuals with five to 10 years of experience bring in $294K on average — a distinctly larger sum. Chief Medical Officers see a median salary of $297K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $307K.

Pay Difference By Location

Phoenix
up arrow 10%
Chicago
up arrow 9%
San Francisco
up arrow 9%
Philadelphia
up arrow 8%
New York
up arrow 6%
Boston
up arrow 2%
National Average
$295,000
Washington
up arrow 16%
Miami
up arrow 18%
Larger circles over a city indicate a job is popular in that location.
Chief Medical Officers will find that Phoenix offers an impressive pay rate, one which exceeds the national average by 10 percent. Chief Medical Officers will also find cushy salaries in San Francisco (+9 percent), Chicago (+9 percent), Philadelphia (+8 percent), and New York (+6 percent). Those in the field find the lowest salaries in Miami, 18 percent below the national average.

Chief Medical Officer (CMO) Advice

What do you wish you knew about your job when you first started out?
Chief Medical Officer (CMO) in Longview:
"Stay Focused."
Delegate. Take some time for yourself to unwind. Be lavish with your praise of the team. Laugh more often.
Chief Medical Officer (CMO) in El Centro:
"Internal Politics."
Be very aware of internal politics and relationships to be successful. Sometimes the content of knowledge is not what is needed to be successful but the relationships you gave are.

Related Job Salaries

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Experience Affects Chief Medical Officer (CMO) Salaries

Late-Career
up arrow 4%
Experienced
up arrow 1%
Mid-Career
0%
National Average
$295,000
Entry-Level
up arrow 9%

Skills That Affect Chief Medical Officer (CMO) Salaries

National Average
$295,000
IT Management
up arrow 2%
Physician
up arrow 17%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 67 votes.

Gender

Female
22%
female alumni
 
Male
78%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
10%
5-9 years
15%
10-19 years
33%
20 years or more
41%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 69%
vision benefits Vision: 55% employee benefits None: 9%