| Average cash compensation | $286,400 | ||
| Average gross annual salary | $247,600 | ||
| Percentage eligible for bonus/profit sharing | 89% | ||
| Average bonus/profit share | $43,800 | ||
| Median cash compensation | $255,500 | ||
| Percentage reporting directly to the top administrator | 52% | ||
| Percentage reporting to an officer | 46% | ||
| Number of participants | 132 | ||
Demographics |
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| Average age | 51 | ||
| Average years experience in health care | 25 | ||
| Average years member of HFMA | 19 | ||
| Average years in current position | 7 | ||
| Average number of employees under direction | 93 | ||
| Median number of employees under direction | 53.5 | ||
Certifications |
Percentage | Compensation | |
| CPA | 62% | 297,200 | |
| FHFMA or CHFP | 27% | $294,400 | |
Education |
Percentage | Compensation | |
| Bachelor’s degree | 39% | $268,500 | |
| Master’s degree | 61% | $298,000 | |
Organization Type |
Percentage | Compensation | |
| Hospital with 145 beds or less | 16% | $182,800 | |
| Hospital with 146 to 379 beds | 17% | $244,000 | |
| Hospital with 396 to 599 beds | 11% | $133,300 | |
| Hospital with 380 beds or greater | 16% | $305,000 | |
| System level, headquarters or regional | 50% | $328,800 | |
Gender |
Percentage | Compensation | |
| Men | 67% | $306,800 | |
| Women | 33% | $245,600 | |
Net Operating Revenue of Employer |
Percentage | Compensation | |
| Less than or equal to $150 million | 24% | $196,500 | |
| From $151 million to $599 million | 24% | $267,300 | |
| From $600 million to $1.6 billion | 24% | $332,200 | |
| Greater than or equal to $1.7 billion | 24% | $350,500 | |
Years in Health Care |
Percentage | Compensation | |
| Less than or equal to 20 years | 23% | $250,200 | |
| From 21 to 24 years | 22% | $277,700 | |
| From 25 to 30 years | 25% | $278,700 | |
| More than or equal to 31 years | 23% | $340,400 | |
Number of Reporting Employees |
Percentage | Compensation | |
| Less than or equal to 22 employees | 24% | $229,800 | |
| From 23 to 53 employees | 25% | $244,800 | |
| From 54 to 100 employees | 26% | $272,700 | |
| Greater than or equal to 101 employees | 23% | $372,600 | |
Region |
Percentage | Compensation | |
| Northeast | 23% | $314,800 | |
| South | 31% | $264,400 | |
| Midwest | 36% | $295,300 | |
| West | 11% | -small sample- | |
Adjusted Medicare Wage Index 2017 |
Percentage | Compensation | |
| Less than or equal to .8566 | 25% | $222,000 | |
| From .8644 to .9362 | 24% | $293,600 | |
| From .9409 to 1.0124 | 26% | $307,100 | |
| More than or equal to 1.0138 | 25% | $322,600 | |
Years of HFMA membership |
Percentage | Compensation | |
| Less than or equal to 11 years | 24% | $235,100 | |
| From 12 to 18 years | 24% | $263,800 | |
| From 19 to 25 years | 27% | $293,400 | |
| More than or equal to 26 years | 24% | $352,500 | |
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.” Compound titles such as CFO/VP Finance were considered as CFOs rather than VPs. 132 vice presidents responded to the survey, out of 600 sampled, resulting in a response rate of 22%. There is 95% probability that the mean compensation for vice presidents of finance in HFMA lies between $261,700 and $311,100.
