Labor Cost Management
2017 Vice President of Revenue Cycle Compensation Survey
July 21, 2017
12:07 pm
| Average cash compensation | $279,600 | ||
| Average gross annual salary | $232,500 | ||
| Percentage eligible for bonus/profit sharing | 88% | ||
| Average bonus/profit share | $53,800 | ||
| Median cash compensation | $252,500 | ||
| Percentage reporting directly to the top administrator | 22% | ||
| Percentage reporting to an officer | 77% | ||
| Number of participants | 64 | ||
Demographics |
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| Average age | 54 | ||
| Average years experience in health care | 30 | ||
| Average years member of HFMA | 19 | ||
| Average years in current position | 6 | ||
| Average number of employees under direction | 509 | ||
| Median number of employees under direction | 350 | ||
Certifications |
Percentage | Compensation | |
| CPA | 9% | -small sample- | |
| FHFMA or CHFP | 27% | $280,500 | |
Education |
Percentage | Compensation | |
| Bachelor’s degree | 36% | $261,100 | |
| Master’s degree | 53% | $278,700 | |
Organization Type |
Percentage | Compensation | |
| Hospital or medical center | 25% | $251,700 | |
| System level, headquarters or regional | 75% | $288,900 | |
Gender |
Percentage | Compensation | |
| Men | 47% | $290,500 | |
| Women | 53% | $270,000 | |
Net Operating Revenue of Employer |
Percentage | Compensation | |
| Less than or equal to $900 million | 31% | $218,500 | |
| From $950 million to $2.2 billion | 233% | $276,600 | |
| Greater than or equal to $2.3 billion | 33% | $349,400 | |
Years in Health Care |
Percentage | Compensation | |
| Less than or equal to 26 years | 33% | $253,800 | |
| From 27 to 33 years | 31% | $286,300 | |
| More than or equal to 34 years | 34% | $297,800 | |
Number of Reporting Employees |
Percentage | Compensation | |
| Less than or equal to 270 employees | 33% | $229,700 | |
| From 280 to 500 employees | 36% | $261,900 | |
| Greater than or equal to 525 employees | 31% | $352,400 | |
Region |
Percentage | Compensation | |
| Northeast | 27% | $294,700 | |
| South | 31% | $281,100 | |
| Midwest | 27% | $238,000 | |
| West | 16% | -small sample- | |
Adjusted Medicare Wage Index 2017 |
Percentage | Compensation | |
| Less than or equal to .9082 | 34% | $222,000 | |
| From .9089 to 1.0200 | 33% | $292,400 | |
| More than or equal to 1.0270 | 33% | $300,300 | |
Years of HFMA membership |
Percentage | Compensation | |
| Less than or equal to 14 years | 33% | $227,600 | |
| From 15 to 24 years | 34% | $295,800 | |
| More than or equal to 25 years | 33% | $314,600 | |
All of the respondents include “vice president” or “VP” in their titles. This sample inludes titles such as “senior” and “executive VP” but not “assistant VP.” Titles also include “revenue cycle” or equivalent. 64 vice presidents responded to the survey, out of 288 sampled, resulting in a response rate of 22%. There is 95% probability that the mean compensation for vice presidents of revenue cycle in HFMA lies between $253,600 and $305,700.
