The average pay for a Chief Medical Officer (CMO) is $127 per hour.
The average pay for a Chief Medical Officer (CMO) is $292,163 per year.
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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.
Read More...- 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) Pay By Employer
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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
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).
Chief Medical Officer (CMO) Advice
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Key Stats for Chief Medical Officer (CMO)
Gender
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Female
33 % |
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Male
67 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 40 votes. |
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