Chief Medical Officer (CMO) Salary

Generous salaries abound for Chief Medical Officers in the United States, with average pay above six figures ($278K) per year. In the world of Chief Medical Officers, overall income ranges from $179K near the bottom to $418K at the top; this can include more than $97K from bonuses and more than $51K from profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by career length. The vast majority of Chief Medical Officers (80 percent) survey respondents are men. Most Chief Medical Officers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
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$175,861 - $363,579
(Median)
$180K
$280K
$360K
MEDIAN: $277,725
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
$175,861 - $363,579  
   
Bonus
$0.00 - $96,617  
Profit Sharing
$0.00 - $51,233  
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).
)
$178,771 - $418,087  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 361
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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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Chief Medical Officers generally report applying a varied skill set to their work. Most notably, facility with Leadership and People Management are correlated to pay that is significantly above average, leading to increases of 20 percent and 19 percent, respectively. Skills that pay less than market rate include 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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $289K per year. Chief Medical Officers claiming one to two decades of experience make an estimated median of $299K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $315K.

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.

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Experience Affects Chief Medical Officer (CMO) Salaries


Experienced
0%

National Average
$299,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 3%

Skills That Affect Chief Medical Officer (CMO) Salaries

Leadership
up arrow 20%

People Management
up arrow 19%

IT Management
up arrow 2%

National Average
$299,000

Internal Medicine
up arrow 13%

Physician
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
17%
10-19 years
32%
20 years or more
38%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 72%
vision benefits Vision: 58% employee benefits None: 9%
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