Summary of Findings
Average cash compensation $244,300
Average gross annual salary $205,900
Percentage eligible for bonus or profit sharing   90%
Average bonus or profit sharing $38,400
Median cash compensation $230,000
Percentage reporting directly to the top administrator   22%
Percentage reporting to an officer 74%
Number of participants 115

Demographics
Average age 52
Average years experience in health care 29
Average years a member of HFMA 18
Average years in current position 5
Average number of employees under direction   391
Median number of employees under direction   260

Certifications
  Percentage   Compensation
CPA 15% small sample
FHFMA or CHFP   17% $264,000

Education
  Percentage   Compensation
Bachelor's degree   32% $237,700
Master's degree 58% $247,400


Title

  Percentage    Compensation
Title begins with "senior" or "executive"   5% small sample

Organization Type
  Percentage   Compensation
Hospital with 521 beds or less 18% $196,600
Hospital with 559 beds or greater 18% $268,100
System level, headquarters or regional   62% $253,100

Gender
  Percentage   Compensation
Men 52% $233,800
Women   48% $255,900

Net Operating Revenue of Employer
  Percentage   Compensation
Less than or equal to $475 million 30% $203,600
From $500 million to $1,3000 million 33% $240,500
Greater than or equal to $1,400 million   29% $303,700

Years in Healthcare
  Percentage   Compensation
Less than or equal to 24 years 30% $226,900
From 25 to 33 years 32% $250,700
More than or equal to 34 years   29% $253,600

Number of Reporting Employees
  Percentage   Compensation
Less than or equal to 156 employees   33% $210,400
From 160 to 380 employees 32% $234,600
Greater than or equal to 400 employees   35% $285,600

Region
  Percentage   Compensation
Northeast    17% $276,300
South 35% $215,700
Midwest 31% $229,600
West 16% small sample

Adjusted Medicare Wage Index 2012
  Percentage   Compensation
Less than or equal to 0.9173 34% $216,000
From 0.9182 to 1.0116 32% $242,400
More than or equal to 1.0213   33% $275,600

Years in HFMA
  Percentage   Compensation
Less than or equal to 13 years 34% $229,500
From 14 to 22 years 34% $249,500
More than or equal to 23 years   32% $254,600


All of the respondents include "vice president" or "VP" in their titles. This sample includes titles such as "senior" and "executive" VP, but not "assistant" VP. Titles also include the language "revenue cycle" or the equivalent.

115 revenue cycle vice presidents responded to the survey, out of 249 sampled, resulting in a response rate of 46%.

There is 95% probability that the mean compensation for vice presidents of revenue cycle in HFMA lies between $229,100 and $259,600.

 

Publication Date: Monday, July 29, 2013

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