Labor Cost Management
2017 Director/Manager of Accounting Compensation Survey
July 21, 2017
12:07 pm
| Average cash compensation | $112,300 | ||
| Average gross annual salary | $108,100 | ||
| Percentage eligible for bonus/profit sharing | 49% | ||
| Average bonus/profit share | $8,600 | ||
| Median cash compensation | $105,000 | ||
| Percentage reporting directly to an officer | 63% | ||
| Percentage reporting to a mid-level manager | 32% | ||
| Number of participants | 125 | ||
Demographics |
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| Average age | 47 | ||
| Average years experience in health care | 18 | ||
| Average years member of HFMA | 10 | ||
| Average years in current position | 7 | ||
| Average number of employees under direction | 15 | ||
| Median number of employees under direction | 5 | ||
Certifications |
Percentage | Compensation | |
| CPA | 47% | $128,600 | |
| FHFMA or CHFP | 21% | $97,800 | |
Education |
Percentage | Compensation | |
| Bachelor’s degree | 58% | $111,800 | |
| Master’s degree | 38% | $117,700 | |
Title |
Percentage | Compensation | |
| Supervisor | 6% | -small sample- | |
| Manager | 43% | $93,700 | |
| Director | 49% | $133,300 | |
Organization Type |
Percentage | Compensation | |
| Hospital with 95 beds or less | 18% | $72,900 | |
| Hospital with 99 to 310 beds | 20% | $108,500 | |
| Hospital with 311 beds or greater | 19% | $129,600 | |
| System level, headquarters or regional | 38% | $123,600 | |
Gender |
Percentage | Compensation | |
| Men | 32% | $126,100 | |
| Women | 66% | $106,200 | |
Net Operating Revenue of Employer |
Percentage | Compensation | |
| Less than or equal to $100 million | 22% | $85,200 | |
| From $101 million to $315 million | 22% | $107,200 | |
| From $320 million to $1.3 billion | 22% | $129,800 | |
| Greater than or equal to $1.4 billion | 22% | $138,500 | |
Years in Health Care |
Percentage | Compensation | |
| Less than or equal to 10 years | 23% | $92,600 | |
| From 11 to 16 years | 22% | $94,100 | |
| From 17 to 25 years | 23% | $135,300 | |
| More than or equal to 26 years | 24% | $132,900 | |
Number of Reporting Employees |
Percentage | Compensation | |
| Less than or equal to 3 employees | 25% | $89,900 | |
| From 3.2 to 5 employees | 24% | $99,800 | |
| From 5.2 to 10 employees | 25% | $112,400 | |
| Greater than or equal to 11 employees | 25% | $148,200 | |
Region |
Percentage | Compensation | |
| Northeast | 22% | $121,800 | |
| South | 26% | $108,700 | |
| Midwest | 36% | $110,400 | |
| West | 15% | $113,400 | |
Adjusted Medicare Wage Index 2017 |
Percentage | Compensation | |
| Less than or equal to .8383 | 25% | $86,800 | |
| From .8405 to .9371 | 24% | $104,100 | |
| From .9409 to 1.0463 | 26% | $125,300 | |
| More than or equal to 1.0471 | 25% | $134,600 | |
Years of HFMA membership |
Percentage | Compensation | |
| Less than or equal to 2 years | 23% | $89,200 | |
| From 3 to 8 years | 26% | $104,700 | |
| From 9 to 15 years | 26% | $116,200 | |
| More than or equal to 16 years | 25% | $138,100 | |
All of the respondents have titles indicating mid-management responsibilities. Most titles include the words “accounting,” “accounting manager,” or “financial reporting.” 125 accounting managers and directors responded to the survey, out of 513 sampled, resulting in a response rate of 24%. There is 95% probability that the mean compensation for directors and managers of accounting in HFMA lies between $105,400 and $119,300.
