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Chief Medical Officer (CMO) Salary

Generous salaries abound for Chief Medical Officers in the United States, with average pay above six figures ($273K) per year. Total cash compensation to Chief Medical Officers approaches anywhere from $176K on the lower end to $418K on the higher end; in exceptional cases, this can include more than $97K from bonuses and upwards of $49K from profit sharing. Location is the biggest factor affecting pay for this group, followed by tenure. The majority of workers are highly satisfied with their job. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Most Chief Medical Officers survey respondents are men (79 percent). The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$167,040 - $366,869
(Median)
$170K
$270K
$370K
MEDIAN: $273,208
10%
50%
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$140K$280K$420K
Salary
$167,040 - $366,869  
   
Bonus
$0.00 - $96,976  
Profit Sharing
$0.00 - $49,132  
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).
)
$175,816 - $417,805  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 341

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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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Survey takers who work as Chief Medical Officers report a focused set of job skills. Fortunate workers who know Leadership can expect a significant pay bump, scoring salaries 22 percent above average. At the other end of the pay range are skills like Physician and Internal Medicine.

Pay by Experience Level for Chief Medical Officer (CMO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Chief Medical Officers do not generally earn higher incomes from more experience in the field. Those in the early stages of their career can expect to make around $267K; however, individuals with five to 10 years of experience bring in $294K on average — a distinctly larger sum. Chief Medical Officers who work for 10 to 20 years in their occupation tend to earn about $298K. In the end, more experience does seem to mean larger paychecks; seasoned Chief Medical Officers with more than 20 years of experience earn a predictably higher median salary of $310K.

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

United States (change)

Experience Affects Chief Medical Officer (CMO) Salaries

Late-Career
up arrow 5%

Experienced
0%

National Average
$297,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 10%

Skills That Affect Chief Medical Officer (CMO) Salaries

Leadership
up arrow 22%

National Average
$297,000

IT Management
up arrow 2%

Internal Medicine
up arrow 7%

Physician
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
16%
10-19 years
32%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 70%
vision benefits Vision: 56% employee benefits None: 10%