Chief Medical Officer (CMO) Salary

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.

Other tasks performed by chief medical officers include overseeing budgets, creating timelines for deliverables, reporting clinical performance metrics and financial data to organizational executives, and supporting their organization's development efforts. They also conduct regular performance and financial reviews, as well as supervise clinical professionals to ensure treatment and services are provided correctly. At all times, the chief medical officer must follow - and ensure subordinates are following - all relevant safety and privacy protocols.

A medical degree is required for this position, as is previous experience both as a doctor and in a leadership capacity. Industry and leadership certifications may be benficial. (Copyright 2017 PayScale.com)

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.

For Chief Medical Officers, working in the bustling city of Philadelphia has its advantages, including an above-average pay rate. Chief Medical Officers will also find cushy salaries in Boston (+15 percent), Phoenix (+12 percent), Atlanta (+11 percent), and San Diego (+6 percent). Chief Medical Officers' salaries are heavily influenced by location — Chief Medical Officers in New York bring in salaries that are 32 percent lower than the national average. Not at the bottom but still paying below the median are employers in Austin and Miami (26 percent lower and 18 percent lower, respectively).