Chief Medical Officer (CMO) Salary

Generous salaries abound for Chief Medical Officers in the United States, with average pay above six figures ($277K) per year. Total cash earnings of Chief Medical Officers range from $181K on the low end to $413K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $91K and $55K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. Most people who answered the questionnaire are men; 67 percent of Chief Medical Officers are male. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction is high and work is enjoyable for most Chief Medical Officers. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$180,326 - $376,045
$180K
$280K
$380K
MEDIAN: $276,616
10%
50%
90%

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

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$0$412K
Salary $180,326 - $376,045
Bonus $30.41 - $90,913
Profit Sharing $0.00 - $55,000
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).
)
$180,758 - $412,605
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 273
Hourly Data $0$182
Hourly Rate $30.82 - $182.28
Overtime $48.00
Annual Data $0$412K
Bonus $30.41 - $90,913
Profit Sharing $0.00 - $55,000
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).
)
$180,758 - $412,605
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 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

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: $292,361

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

Philadelphia is home to an above-average pay rate for Chief Medical Officers, 35 percent higher than the national average. Chief Medical Officers can also look forward to large paychecks in cities like Boston (+16 percent), Phoenix (+14 percent), Atlanta (+13 percent), and San Diego (+8 percent). The lowest-paying market is New York, which sits 32 percent below the national average, proving that location is a significant contributor to overall pay. Employers also pay below the national average in Austin (25 percent lower) and Miami (17 percent lower).

Related Job Salaries

Key Stats for Chief Medical Officer (CMO)

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
26%
20 years or more
34%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Medical Officer (CMO) Salaries

▲6%

▼0%

National Average
$292,000

Mid-Career
▼3%

▼5%

Skills That Affect Chief Medical Officer (CMO) Salaries

People Management
▲20%

▲13%

Quality Improvement / QA
▲13%

Internal Medicine
▲4%

Strategic Planning
▲1%

▼0%

National Average
$292,000

Physician
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
26%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 83%
vision benefits
Vision: 67%
no benefits
None: 5%
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