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Chief Medical Officer (CMO) Salary (United States)

Wages for Chief Medical Officers in the United States are plentiful, with average pay above six figures ($288K) per year. Cash earnings for Chief Medical Officers — which occasionally include more than $97K from bonuses and more than $50K from profit sharing — stretch from around $168K to approximately $413K. Residence and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a strong majority, and more than half earn dental coverage. Making up 79 percent of the field, male Chief Medical Officers greatly outnumber their female counterparts. Work is enjoyable for Chief Medical Officers, who typically claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's 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.
)
$154,421 - $359,710
(Median)
150K
200K
260K
310K
360K
MEDIAN: $256,925
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$140K$280K$420K
Salary
$154,421 - $359,710  
   
Bonus
$0.00 - $96,977  
Profit Sharing
$0.00 - $50,000  
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).
)
$167,794 - $413,003  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 296
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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 and IT Management.

Pay by Experience Level for Chief Medical Officer (CMO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Chief Medical Officers, experience does not seem to be a major factor in determining pay. Although individuals who have less than five years' experience earn $260K on average, people with five to 10 years benefit from a notably larger average of $290K. Chief Medical Officers who work for 10 to 20 years in their occupation tend to earn about $292K. As Chief Medical Officers reach more than two decades on the job, compensation remains commensurate with experience; the average sum in this group is $302K. The largest share of Chief Medical Officers have more than 20 years of experience, followed by those with 10 to 20 years. Workers who have been working for one to 10 years are the least common.

Pay Difference By Location

Chicago
up arrow 16%
Phoenix
up arrow 13%
Philadelphia
up arrow 11%
New York
up arrow 8%
National Average
$288,000
Miami
up arrow 16%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Chief Medical Officers that is 16 percent greater than the national average, Chicago offers a comfortable salary for those in this profession. Chief Medical Officers will also find cushy salaries in Phoenix (+13 percent) and Philadelphia (+11 percent). Miami ranks last in the field for pay, reporting salaries 16 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.

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Experience Affects Chief Medical Officer (CMO) Salaries

Late-Career
up arrow 5%
Experienced
up arrow 1%
Mid-Career
up arrow 1%
National Average
$288,000
Entry-Level
up arrow 10%

Skills That Affect Chief Medical Officer (CMO) Salaries

National Average
$288,000
IT Management
up arrow 8%
Physician
up arrow 15%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 72 votes.

Gender

Female
21%
female alumni
 
Male
79%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
11%
5-9 years
14%
10-19 years
34%
20 years or more
38%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 69%
vision benefits Vision: 54% employee benefits None: 9%