Chief Medical Officer (CMO) Salary

Wages for Chief Medical Officers in the United States are generous, with average pay above six figures ($278K) per year. Including potential for bonuses and profit sharing — peaking near $96K and $60K, respectively — total cash payment to Chief Medical Officers can bottom out near $181K or peak near $422K depending on individual performance. Geography and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Chief Medical Officers claim high levels of job satisfaction. Male Chief Medical Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. 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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Chief Medical Officers seem to require a number of specific skills. Most notably, skills in People Management, IT Management, Leadership, and Strategic Planning are correlated to pay that is above average. At the other end of the pay range are skills like 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 a lot of experience do not necessarily enjoy more money. Annually raking in $275K, the average professional in this position sees a six-figure salary within the first five years. Chief Medical Officers bring in $297K after working for 10 to 20 years. Veterans who have acquired more than 20 years report a median income of $320K, which is generally higher than the pay reported by other tenure groups.

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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