Summary of Findings

Average cash compensation $115,400  
Average gross annual salary $109,700  
Percentage eligible for bonus or profit sharing 61%  
Average bonus or profit sharing $9,500  
Median cash compensation $107,300  
Percentage reporting directly to an officer 79%  
Percentage reporting to a mid-level manager 13%  
Number of participants 231  
     

Demographics

   
Average age 47  
Average years experience in healthcare 21  
Average years member of HFMA 10  
Average years in current position 6  
Average number of employees under direction 5  
Median number of employees under direction 2  
     

Certifications

   
CPA 6% -small sample-
FHFMA or CHFP 8% -small sample-
     

Education

   
Bachelor 45% $106,700
Graduate degree 50% $126,500
     

Title

   
Manager 27% $84,900
Director 69% $128,800
     

Organization Type

   
Hospital with 245 beds or less 13% $97,400
Hospital from 250 to 400 beds 14% $107,400
Hospital from 410 to 582 beds 14% $124,900
Hospital with 585 beds or greater 14% $109,300
System level, headquarters or regional 44% $122,200
     
Gender    
Men 53% $124,300
Women 47% $104,900
     
Net Operating Revenue of Employer    
Less than or equal to $180 million 22% $92,400
From $183 million to $444 million 21% $115,500
From $450 million to $1,053 million 22% $129,700
Greater than or equal to $1,056 million 21% $130,500
     
Years in Healthcare    
Less than or equal to 14 Years 20% $99,600
From 15 to 20 Years 20% $117,800
From 21 to 27 Years 21% $125,500
More than or equal to 28 Years 23% $125,800
     
Number of Reporting Employees    
No employees or 1 part-time employee 25% $97,300
From 1 to 2 employees 30% $108,800
From 2.5 to 5 employees 21% $121,100
More than or equal to 5.5 employees 24% $137,200
     
Region    
Northeast 26% $116,900
South 26% $112,900
Midwest 27% $112,100
West 20% $121,200
     
Adjusted Medicare Wage Index 2008    
Less than or equal to .9199 25% $102,800
From .9217 to .9848 25% $121,600
From .9857 to 1.0984 26% $111,400
More than or equal to 1.1124 24% $127,400
     
Years in HFMA    
Less than or equal to 2 years 22% $100,500
From 3 to 7 years 28% $102,900
From 8 to 13 years 25% $119,300
More than or equal to 14 years 26% $137,600


Additional Information
All of the participants have titles indicating mid-management responsibilities.

Most titles include wording such as "managed care," or possibly "contracting."

231 managed care managers and directors responded to the survey, out of 474 sampled, resulting in a response rate of 49%.

There is 95% probability that the mean compensation for directors and managers of managed care in HFMA lies between $110,500 and $120,400.

Publication Date: Monday, July 27, 2009

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