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Chief Medical Officer (CMO) Salary

Compensation for Chief Medical Officers in the United States is generous, with average pay surpassing six figures annually ($274K). With some bonuses approaching $97K and certain profit sharing proceeds approaching $49K, overall incomes of Chief Medical Officers spread between $174K and $417K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Most Chief Medical Officers like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and the larger part collect dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$165,874 - $364,265
(Median)
$170K
$270K
$360K
MEDIAN: $273,997
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
$165,874 - $364,265  
   
Bonus
$0.00 - $97,219  
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).
)
$174,258 - $417,378  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 357

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United States (change)


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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 results imply that Chief Medical Officers put a diverse skill set to use. Most notably, skills in People Management, Leadership, IT Management, and Internal Medicine are correlated to pay that is 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. Workers in their first five years can expect to earn $263K, but people who have been around for five to 10 years earn a noticeably bigger sum of $294K. Chief Medical Officers see a median salary of $300K 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 $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
up arrow 1%

National Average
$297,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 12%

Skills That Affect Chief Medical Officer (CMO) Salaries

People Management
up arrow 20%

Leadership
up arrow 19%

IT Management
up arrow 2%

National Average
$297,000

Internal Medicine
up arrow 11%

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
40%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 70%
vision benefits Vision: 57% employee benefits None: 10%
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