Labor Cost Management

2017 Director/Manager of Accounting Compensation Survey

July 21, 2017 12:07 pm

Average cash compensation $112,300
Average gross annual salary $108,100
Percentage eligible for bonus/profit sharing 49%
Average bonus/profit share $8,600
Median cash compensation $105,000
Percentage reporting directly to an officer 63%
Percentage reporting to a mid-level manager  32%     
Number of participants 125

Demographics

Average age 47
Average years experience in health care 18
Average years member of HFMA 10
Average years in current position 7
Average number of employees under direction  15     
Median number of employees under direction 5

Certifications

Percentage Compensation
CPA 47% $128,600
FHFMA or CHFP 21% $97,800

Education

Percentage Compensation
Bachelor’s degree 58% $111,800
Master’s degree 38% $117,700

Title

Percentage Compensation
Supervisor  6%  -small sample-
Manager  43%    $93,700
Director  49%    $133,300 
       

Organization Type

Percentage Compensation
Hospital with 95 beds or less 18% $72,900
Hospital with 99 to 310 beds 20% $108,500
Hospital with 311 beds or greater  19%    $129,600 
System level, headquarters or regional 38% $123,600

Gender

Percentage Compensation
Men 32% $126,100
Women 66% $106,200

Net Operating Revenue of Employer

Percentage Compensation
Less than or equal to $100 million 22% $85,200
From $101 million to $315 million 22% $107,200
From $320 million to $1.3 billion  22%    $129,800 
Greater than or equal to $1.4 billion 22% $138,500

Years in Health Care

Percentage Compensation
Less than or equal to 10 years 23% $92,600
From 11 to 16 years 22% $94,100
From 17 to 25 years  23%    $135,300 
More than or equal to 26 years 24% $132,900

Number of Reporting Employees

Percentage Compensation
Less than or equal to 3 employees 25% $89,900
From 3.2 to 5 employees 24% $99,800
From 5.2 to 10 employees  25%    $112,400 
Greater than or equal to 11 employees  25%    $148,200 

Region

Percentage Compensation
Northeast 22% $121,800
South 26% $108,700
Midwest 36% $110,400
West 15% $113,400
       

Adjusted Medicare Wage Index 2017 

Percentage    Compensation 
Less than or equal to .8383  25%    $86,800 
From .8405 to .9371  24%    $104,100 
From .9409 to 1.0463  26%    $125,300 
More than or equal to 1.0471  25%    $134,600 

Years of HFMA membership

Percentage Compensation
Less than or equal to 2 years 23% $89,200
From 3 to 8 years 26% $104,700
From 9 to 15 years  26%    $116,200 
More than or equal to 16 years 25% $138,100

All of the respondents have titles indicating mid-management responsibilities. Most titles include the words “accounting,” “accounting manager,” or “financial reporting.” 125 accounting managers and directors responded to the survey, out of 513 sampled, resulting in a response rate of 24%. There is 95% probability that the mean compensation for directors and managers of accounting in HFMA lies between $105,400 and $119,300.

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