Director of Materials Management, Hospital Salary
Directors of Hospital Materials Management in the United States are often veterans in their line of work, with just under three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $77K per year on average but can range from $38K to $116K per year. Residence and years of experience each impact pay for this group, with the former having the largest influence. In this profession, a large number enjoy medical and dental coverage, and a fair number have vision insurance, as well. Work is enjoyable for Directors of Hospital Materials Management, who typically claim high levels of job satisfaction. Male Directors of Hospital Materials Management are more prevalent than women among those who took the survey — 60 percent of professionals. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Director of Materials Management, Hospital
Hospitals require large amounts of supplies from medicines to equipment to furniture and food. The director of materials management in a hospital typically supervises purchasing decisions within their facility. The director helps to ensure that the various purchasing and materials management groups within the hospital operate efficiently, as well as controls unnecessary spending while ensuring that all supplies needed by staff are available.Read More...
Typically, directors of materials management will divide these operations into separate inventory, usage, and purchasing processes. In terms of inventory, the director focuses on inventory processes and potential errors and miscalculations. For usage, they review inventories over daily, weekly and monthly periods to assess needs and pars within the hospital. For purchasing, the director typically focuses not only on efficient ordering, but also managing vendor relationships. The director typically works with purchasing managers to find the best quality products at the best prices. Additionally, these directors typically create reports for the hospital's board regarding materials management.
Because the position is at the executive level, it generally requires at least a bachelor's degree in business or a related field, as well as postgraduate study in healthcare management. A director of materials management in a hospital typically works in an office environment, although they are likely to spend time inspecting warehouse and storage areas and performing field visits. Travel is also a frequent requirement for this position.
Director of Materials Management, Hospital Tasks
- Set policies and procedures for supply management and implement measures to reduce costs.
- Manage the hospital's supply chain, placement of supply orders, inventory levels, and distribution of supplies.
- Review and forward to senior management requests for orders of special supplies.
- Serve as the primary contact for vendors, evaluate potential new vendors, and lead vendor contract negotiations.
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Pay by Experience Level for Director of Materials Management, Hospital
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Directors of Hospital Materials Management, more experience in the field does not usually mean bigger paychecks. Those in the early stages of their career can expect to make around $56K; however, individuals with five to 10 years of experience bring in $69K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $74K. Directors of Hospital Materials Management who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $83K.