Hospital and health system chief financial officers are paid average cash compensation of $172,000, according to a survey of 2,200 executives by the Healthcare Financial Management Association. That salary represents a 56% increase from 1999, when HFMA first conducted the study, and average 7.7% annual increases during that time span, according to an HFMA press release. CFO salaries are growing faster than compensation for all other titles tracked by the HFMA over that period. Vice presidents of finance were paid on average $184,100, which may be because that position is more prevalent at health systems - which typically pay more across the board -- than at hospitals, according to a HFMA news release. -- by Paul Barr
CFO compensation fastest-growing: study
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Recommended for You