Labor Cost Management

Vice President of Revenue Cycle

July 16, 2015 2:51 pm

Average Cash Compensation $ 287,600
Average gross annual salary $ 244,500
Percentage eligible for bonus or profit sharing 92%
Average bonus or profit sharing $46,900
Median Cash Compensation $ 264,500
Percentage reporting directly to the top administrator 26%
Percentage reporting directly to an officer 72%
Number of Participants 88
DEMOGRAPHICS
Average Age 54
Average Years Experience in Healthcare 29
Average Years Member of HFMA 19
Average Years in Current Position 6
Average Number of Employees Under Direction 520
Median Number of Employees Under Direction 375
CERTIFICATIONS Percentage Compensation
CPA 10% -small sample-
FHFMA or CHFP 23% $281,700
EDUCATION Percentage Compensation
Bachelor’s Degree 26% $260,700
Master’s Degree 68% $300,000
ORGANIZATION TYPE Percentage Compensation
Hospital or Medical Center 28% $263,900
System level, headquarters or regional 72% $297,000
GENDER Percentage Compensation
Men 48% $280,000
Women 52% $294,600
NET OPERATING REVENUE OF EMPLOYER Percentage Compensation
Less than or equal to $1 billion 30% $219,700
From $1.1 billion to $2,100 billion 33% $296,900
Equal to or Greater than $2,300 million 31% $350,000
YEARS IN HEALTHCARE Percentage Compensation
Less than or equal to 26 Years 32% $272,900
From 27 to 33 Years 27% $319,200
More than or equal to 34 Years 33% $284,000
       
NUMBER OF REPORTING EMPLOYEES Percentage Compensation
Less than or equal to 250 Employees 34% $250,600
From 265 to 500 Employees 33% $283,100
Greater than or equal to 520 Employees 33% $330,400
REGION Percentage Compensation
Northeast 23% $318,400
South 28% $265,400
Midwest 30% $277,800
West 19% -small sample-
YEARS IN HFMA Percentage Compensation
Less than or equal to 13 Year 34% $256,200
From 14 to 24 Years 34% $312,500
More than or equal to 25 Years 32% $294,600

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.
Titles also include the language “Revenue Cycle” or the equivalent.

8 vice presidents of revenue cycle responded to the survey, out of 244 sampled, resulting in a response rate of 36%.

There is 95% probability that the mean compensation for directors and managers of patient access in HFMA lies between $268,200 and $307,100.

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