Chief Medical Officer (CMO) Salary

Chief Medical Officers in the United States can look forward to a sizeable six-figure salary — around $278K per year on average. In the world of Chief Medical Officers, overall cash allowance can occasionally include more than $96K from bonuses and, in some exceptional cases, $60K from profit sharing, causing incomes to vary widely between $181K and $422K. Residence and years of experience each impact pay for this group, with the former having the largest influence. Most Chief Medical Officers report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Generally, women make up less than a third of all Chief Medical Officers who answered the questionnnaire. This report is based on answers to PayScale's salary questionnaire.
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$177,580 - $368,238
(Median)
$180K
$280K
$370K
MEDIAN: $277,802
10%
50%
90%

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$91.23 - $197.27
(Median)
$91
$130
$200
MEDIAN: $134.00
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$150K$300K$450K
Salary
$177,580 - $368,238  
   
Bonus
$0.00 - $96,096  
Profit Sharing
$0.00 - $59,598  
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).
)
$180,632 - $421,593  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 420
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$80$160$240
Hourly Rate
$91.23 - $197.27  
   
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$160K$320K$480K
Bonus
$0.00 - $96,096  
   
Profit Sharing
$0.00 - $59,598  
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).
)
$180,632 - $421,593  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 11
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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 show that Chief Medical Officers use a fair number of skills. Most notably, skills in People Management, IT Management, Leadership, and Strategic Planning are correlated to pay that is above average. 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.


For Chief Medical Officers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $275K per year. Chief Medical Officers claiming one to two decades of experience make an estimated median of $297K. 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 $320K.

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

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Experience Affects Chief Medical Officer (CMO) Salaries


Experienced
0%

National Average
$297,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 8%

Skills That Affect Chief Medical Officer (CMO) Salaries

People Management
up arrow 18%


Leadership
0%

National Average
$297,000

Strategic Planning
up arrow 1%

Internal Medicine
up arrow 11%

Physician
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
2%
1-4 years
13%
5-9 years
18%
10-19 years
33%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 73%
medical benefits
Vision: 61%
dental benefits
None: 8%
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