Average Cash Compensation | $126,200 | ||
Average gross annual salary | $120,300 | ||
Percentage eligible for bonus or profit sharing | 58% | ||
Average bonus or profit sharing | $10,200 | ||
Median Cash Compensation | $119,300 | ||
Percentage reporting directly to an officer | 71% | ||
Percentage reporting to a mid-level manager | 25% | ||
Number of Participants | 137 | ||
DEMOGRAPHICS | |||
Average Age | 47 | ||
Average Years Experience in Healthcare | 22 | ||
Average Years Member of HFMA | 14 | ||
Average Years in Current Position | 5 | ||
Average Number of Employees Under Direction | 6 | ||
Median Number of Employees Under Direction | 4 | ||
CERTIFICATIONS | Percentage | Compensation | |
CPA | 20% | $130,700 | |
FHFMA or CHFP | 18% | $129,100 | |
EDUCATION | Percentage | Compensation | |
Bachelor’s Degree | 38% | $120,400 | |
Master’s Degree | 59% | $131,200 | |
TITLE | Percentage | Compensation | |
Manager | 36% | $103,500 | |
Director | 59% | $142,800 | |
ORGANIZATION TYPE | Percentage | Compensation | |
Hospital with 336 beds or less | 17% | $110,600 | |
Hospital from 350 to 535 beds | 17% | $124,600 | |
Hospital with 546 beds or greater | 17% | $125,700 | |
System level, headquarters or regional | 46% | $132,700 | |
GENDER | Percentage | Compensation | |
Men | 51% | $126,800 | |
Women | 49% | $125,700 | |
NET OPERATING REVENUE OF EMPLOYER | Percentage | Compensation | |
Less than or equal to $393 million | 21% | $106,600 | |
From $400 million to $675 million | 21% | $133,100 | |
From $690 million to $1,057 million | 21% | $126,200 | |
Greater than or equal to $1,100 million | 22% | $147,600 | |
YEARS IN HEALTHCARE | Percentage | Compensation | |
Less than or equal to 13 Years | 22% | $110,800 | |
From 14 to 21 Years | 23% | $133,000 | |
From 22 to 28 Years | 22% | $136,700 | |
More than or equal to 29 Years | 22% | $122,200 | |
NUMBER OF REPORTING EMPLOYEES | Percentage | Compensation | |
Less than or equal to 1 Employee | 26% | $114,400 | |
From 1.5 to 4 Employees | 28% | $115,000 | |
From 5 to 7 Employees | 22% | $133,000 | |
Greater than or equal to 8 Employees | 25% | $145,000 | |
REGION | Percentage | Compensation | |
Northeast | 24% | $123,300 | |
South | 31% | $120,500 | |
Midwest | 28% | $134,300 | |
West | 16% | $126,600 | |
YEARS IN HFMA | Percentage | Compensation | |
Less than or equal to 7 Years | 26% | $111,300 | |
From 8 to 12 Years | 21% | $123,400 | |
From 13 to 20 Years | 27% | $133,000 | |
More than or equal to 21 Years | 26% | $136,800 | |
All of the participants have titles indicating mid-management responsibilities. Most titles include the words “decision support.” Some may contain the words “analytics” or “intelligence.” 137 decision support managers and directors responded to the survey, out of 361 sampled, resulting in a response rate of 38%. There is 95% probability that the mean compensation for directors and managers of decision support in HFMA lies between $120,000 and $132,500.