Labor Cost Management
2017 Director/Manager of Reimbursement Compensation Survey
July 21, 2017
12:07 pm
| Average cash compensation | $139,200 | ||
| Average gross annual salary | $121,200 | ||
| Percentage eligible for bonus/profit sharing | 57% | ||
| Average bonus/profit share | $12,500 | ||
| Median cash compensation | $131,000 | ||
| Percentage reporting to an officer | 63% | ||
| Percentage reporting to a mid-level manager | 31% | ||
| Number of participants | 195 | ||
Demographics |
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| Average age | 51 | ||
| Average years experience in health care | 25 | ||
| Average years member of HFMA | 17 | ||
| Average years in current position | 8 | ||
| Average number of employees under direction | 6 | ||
| Median number of employees under direction | 3 | ||
Certifications |
Percentage | Compensation | |
| CPA | 25% | 146,600 | |
| FHFMA or CHFP | 29% | $136,100 | |
Education |
Percentage | Compensation | |
| Bachelor’s degree | 63% | $138,800 | |
| Master’s degree | 33% | $142,200 | |
Title |
Percentage | Compensation | |
| Manager | 34% | $108,800 | |
| Director | 62% | $156,300 | |
Organization Type |
Percentage | Compensation | |
| Hospital with 199 beds or less | 11% | $112,600 | |
| Hospital with 200 to 395 beds | 11% | $124,600 | |
| Hospital with 396 to 599 beds | 11% | $133,300 | |
| Hospital with 600 beds or greater | 11% | $137,400 | |
| System level, headquarters or regional | 55% | $149,500 | |
Gender |
Percentage | Compensation | |
| Men | 51% | $148,000 | |
| Women | 49% | $130,000 | |
Net Operating Revenue of Employer |
Percentage | Compensation | |
| Less than or equal to $290 million | 22% | $132,300 | |
| From $300 million to $880 million | 24% | $127,100 | |
| From $881 million to $1.9 billion | 23% | $149,000 | |
| Greater than or equal to $2 billion | 23% | $153,500 | |
Years in Health Care |
Percentage | Compensation | |
| Less than or equal to 17 years | 24% | $120,300 | |
| From 18 to 26 years | 26% | $140,600 | |
| From 27 to 33 years | 23% | $147,600 | |
| More than or equal to 34 years | 25% | $149,400 | |
Number of Reporting Employees |
Percentage | Compensation | |
| Less than or equal to 1 employee | 25% | $125,200 | |
| From 1.5 to 2.5 employees | 18% | $122,900 | |
| From 3 to 6 employees | 32% | $140,500 | |
| Greater than or equal to 65 employees | 22% | $167,100 | |
Region |
Percentage | Compensation | |
| Northeast | 26% | $140,800 | |
| South | 27% | $143,900 | |
| Midwest | 34% | $130,000 | |
| West | 13% | $150,500 | |
Adjusted Medicare Wage Index 2017 |
Percentage | Compensation | |
| Less than or equal to .8848 | 25% | $122,300 | |
| From .8895 to .9544 | 25% | $135,100 | |
| From .9550 to 1.0471 | 25% | $148,400 | |
| More than or equal to 1.0552 | 25% | $150,700 | |
Years of HFMA membership |
Percentage | Compensation | |
| Less than or equal to 9 years | 23% | $120,900 | |
| From 10 to 16 years | 28% | $133,800 | |
| From 17 to 25 years | 25% | $145,600 | |
| More than or equal to 26 years | 24% | $156,300 | |
All of the respondents have titles indicating mid-management responsibilities. Most titles include the word “reimbursement.” Compound titles such as “reimbursement and budget” are not uncommon. 195 reimbursement managers and directors responded to the survey, out of 609 sampled, resulting in a response rate of 32%. There is 95% probability that the mean compensation for directors and managers of reimbursement in HFMA lies between $133,300 and $145,100.
