Chief Medical Officer (CMO) Salary

Chief Medical Officers in the United States can look forward to a sizeable six-figure salary — around $282K per year on average. Total cash earnings of Chief Medical Officers range from $182K on the low end to $415K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $91K and $58K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Male Chief Medical Officers who responded to the survey are more common than women; more than half (67 percent) are men. Most Chief Medical Officers report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$184,139 - $383,734
$180K
$290K
$380K
MEDIAN: $287,767
10%
50%
90%

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$24.13 - $174.00
$24
$120
$170
MEDIAN: $116.39
10%
50%
90%

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$0$424K
Salary $184,139 - $383,734
Bonus $6,040 - $95,691
Profit Sharing $0.00 - $80,000
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).
)
$182,440 - $424,219
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 277
Hourly Data $0$174
Hourly Rate $24.13 - $174.00
Overtime $48.00
Annual Data $0$424K
Bonus $6,040 - $95,691
Profit Sharing $0.00 - $80,000
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).
)
$182,440 - $424,219
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 14

Find Out Exactly What You Should Be Paid

United States (change)

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: $299,190

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

Related Job Salaries

Key Stats for Chief Medical Officer (CMO)

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 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

▲3%

National Average
$299,000

▼2%

Mid-Career
▼6%

▼7%

Skills That Affect Chief Medical Officer (CMO) Salaries

People Management
▲18%

Quality Improvement / QA
▲11%

▲10%

Internal Medicine
▲2%

National Average
$299,000

▼2%

Strategic Planning
▼2%

Physician
▼13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
31 %
Male
69 %

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: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 67%
no benefits
None: 4%
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