Chief Medical Officer (CMO) Salary

Generous salaries abound for Chief Medical Officers in the United States, with average pay above six figures ($272K) per year. Overall cash earnings for Chief Medical Officers stretch from $178K on the lower end to $404K near the top, and the heftiest packages can encompass around $88K from bonuses and $62K from profit sharing. Geography and career length each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. The majority of Chief Medical Officers (65 percent) survey respondents are male. This overview is based on answers to PayScale's salary questionnaire.
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$178,575 - $370,733
$180K
$270K
$370K
MEDIAN: $271,883
10%
50%
90%

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$30.82 - $182.28
$31
$120
$180
MEDIAN: $119.83
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$140K$280K$420K
Salary
$178,575 - $370,733  
   
Bonus
$4,894 - $87,585  
Profit Sharing
$0.00 - $61,825  
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).
)
$178,499 - $403,887  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 274
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70$140$210
Hourly Rate
$30.82 - $182.28  
   
Overtime
$47.40  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$140K$280K$420K
Bonus
$4,894 - $87,585  
   
Profit Sharing
$0.00 - $61,825  
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).
)
$178,499 - $403,887  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 13

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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

  • 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.
  • Provide training for new doctors, and keep medical staff up to date on facility regulations and procedures.
  • 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.

Chief Medical Officer (CMO) Job Listings

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Pay by Experience Level for Chief Medical Officer (CMO)

Pay by Experience for a Chief Medical Officer (CMO) has a positive trend. An entry-level Chief Medical Officer (CMO) with less than 5 years of experience can expect to earn an average total compensation of $279,000 based on 92 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Medical Officer (CMO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $282,000 based on 86 salaries. An experienced Chief Medical Officer (CMO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $293,000 based on 113 salaries. A Chief Medical Officer (CMO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $309,000 based on 94 salaries.

Pay Difference by Location

National Average: $290,389

Larger city markers indicate a job is popular in that location.

With a pay rate for Chief Medical Officers that is 36 percent greater than the national average, Philadelphia offers a comfortable salary for those in this profession. Chief Medical Officers will also find cushy salaries in Boston (+17 percent), Phoenix (+15 percent), Atlanta (+14 percent), and San Diego (+8 percent). Chief Medical Officers in New York make 31 percent less than the national average, proving that location is a major factor in pay. A couple other locations with smaller-than-average paychecks include Austin (25 percent lower) and Miami (16 percent lower).

Related Job Salaries

Key Stats for Chief Medical Officer (CMO)

Gender

Female
35 %
Male
65 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
Less than 1 year
1%
1-4 years
18%
5-9 years
22%
10-19 years
26%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Medical Officer (CMO) Salaries

▲6%

▲1%

National Average
$290,000

Mid-Career
▼3%

▼4%

Skills That Affect Chief Medical Officer (CMO) Salaries

People Management
▲21%

▲14%

Quality Improvement / QA
▲14%

Internal Medicine
▲5%

▲1%

Strategic Planning
▲1%

National Average
$290,000

Physician
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
22%
10-19 years
26%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 67%
no benefits
None: 5%