| Average Cash Compensation | $269,200 | ||
| Average gross annual salary | $234,400 | ||
| Percentage eligible for bonus or profit sharing | 81% | ||
| Average bonus or profit sharing | $42,800 | ||
| Median Cash Compensation | $238,500 | ||
| Percentage reporting directly to the top administrator | 53% | ||
| Percentage reporting directly to an officer | 46% | ||
| Number of Participants | 166 | ||
| DEMOGRAPHICS | |||
| Average Age | 53 | ||
| Average Years Experience in Healthcare | 27 | ||
| Average Years Member of HFMA | 21 | ||
| Average Years in Current Position | 9 | ||
| Average Number of Employees Under Direction | 101 | ||
| Median Number of Employees Under Direction | 40 | ||
| CERTIFICATIONS | Percentage | Compensation | |
| CPA | 61% | $287,300 | |
| FHFMA or CHFP | 28% | $300,700 | |
| EDUCATION | Percentage | Compensation | |
| Bachelor’s Degree | 37% | $263,300 | |
| Master’s Degree | 61% | $274,000 | |
| ORGANIZATION TYPE | Percentage | Compensation | |
| Hospital with 151 beds or less | 14% | $193,500 | |
| Hospital from 168 to 451 beds | 14% | $226,100 | |
| Hospital with 455 beds or greater | 14% | $309,300 | |
| System level, headquarters or regional | 55% | $294,900 | |
| GENDER | Percentage | Compensation | |
| Men | 63% | $281,400 | |
| Women | 36% | $247,400 | |
| NET OPERATING REVENUE OF EMPLOYER | Percentage | Compensation | |
| Less or equal to $160 million | 24% | $188,300 | |
| From $170 million to $680 million | 24% | $248,800 | |
| From $726 million to $1,800 million | 23% | $278,800 | |
| Greater than or equal to $2 billion | 25% | $369,900 | |
| YEARS IN HEALTHCARE | Percentage | Compensation | |
| Less than or equal to 21 Years | 24% | $265,100 | |
| From 22 to 27 Years | 21% | $243,200 | |
| From 28 to 34 Years | 21% | $317,200 | |
| More than or equal to 35 Years | 24% | $253,600 | |
| NUMBER OF REPORTING EMPLOYEES | Percentage | Compensation | |
| Less than or equal to 8 Employees | 23% | $280,300 | |
| From 10 to 35 Employees | 26% | $258,400 | |
| From 40 to 95 Employees | 24% | $230,000 | |
| Greater than or equal to 100 Employees | 27% | $305,700 | |
| REGION | Percentage | Compensation | |
| Northeast | 28% | $274,300 | |
| South | 29% | $241,300 | |
| Midwest | 33% | $275,600 | |
| West | 8% | -small sample- | |
| YEARS IN HFMA | Percentage | Compensation | |
| Less than or equal to 13 Years | 26% | $249,900 | |
| From 14 to 20 Years | 23% | $268,500 | |
| From 21 to 28 Years | 27% | $278,700 | |
| More than or equal to 29 Years | 24% | $280,400 | |
All of the respondents include “Vice President” or “VP” in their title. This sample includes 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.
166 Vice Presidents responded to the survey, out of 600 sampled, resulting in a response rate of 28%.
There is 95% probability that the mean compensation for Vice Presidents of Finance in HFMA lies between $248,200 and $290,300.
