Average total cash compensation for CFOs in hospitals and health systems is $151,000, up from $127,000 in 2001, according to the Healthcare Financial Management Association, which is holding its Annual National Institute in Baltimore. HFMA took similar surveys in 1999 and 2001. It said CFO compensation has increased at an annual rate of 8.2% over the last four years. HFMA also released a second report from its 3-year-old Patient Friendly Billing project, with 14 recommendations for hospitals to improve customer service including providing online billing and payment capabilities. The first report was released in 2001. -- Mary Chris Jaklevic
CFO compensation on the rise: HFMA survey
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