Labor Cost Management

2017 Analyst Compensation Survey

July 21, 2017 12:07 pm

Average cash compensation $76,600
Average gross annual salary $76,100
Percentage eligible for bonus/profit sharing 22%
Average bonus/profit share $2,200
Median cash compensation $75,000
Percentage reporting directly to an officer 19%
Percentage reporting to a mid-level manager 77%
Number of participants 149

Demographics

Average age 42
Average years experience in health care 14
Average years member of HFMA 6
Average years in current position 5
Median number of employees under direction 0

Certifications

Percentage Compensation
CPA 16% $83,700
FHFMA or CHFP 21% $79,800

Education

Percentage Compensation
Bachelor’s degree 50% $75,200
Master’s degree 42% $78,000

Title

Percentage Compensation
Title begins with “Senior” or “Lead” or ends in “II” 46% $84,500

Organization Type

Percentage Compensation
Hospital with 160 beds or less 13% $76,800
Hospital with 161 to 369 beds 13% $76,600
Hospital with 370 to 600 beds 13% $79,000
Hospital with 601 beds or greater  12%    $76,600 
System level, headquarters or regional 44% $77,000

Gender

Percentage Compensation
Men 37% $76,000
Women 60% $77,600

Net Operating Revenue of Employer

Percentage Compensation
Less than or equal to $139 million 20% $64,000
From $140 million to $450 million 22% $74,200
From $451 million to $1.4 billion  21%    $79,800 
Greater than or equal to $1.5 billion 21% $92,300

Years in Health Care

Percentage Compensation
Less than or equal to 4 years 20% $63,900
From 5 to 13 years 22% $74,200
From 14 to 20 years  21%    $79,800 
More than or equal to 20 years 21% $92,300

Number of Reporting Employees

Percentage Compensation
None 86% $75,600
More than 0 employees 10% small sample-

Region

Percentage Compensation
Northeast 22% $71,300
South 27% $80,600
Midwest 34% $70,700
West 17% $89,200
       

Adjusted Medicare Wage Index 2017 

Percentage    Compensation 
Less than or equal to .8790  25%    $68,000 
From .8801 to .9531  24%    $71,900 
From .9550 to 1.0552  26%    $81,000 
More than or equal to 1.0591  25%    $85,500 

Years of HFMA membership

Percentage Compensation
Less than 1 year 23% $69,900
From 1 to 2 years 25% $70,200
From 3 to 9 years  26%    $77,900 
More than or equal to 10 years 26% $93,100

All of the respondents have the word “analyst” in their titles, excluding IT and systems analysts. Examples include Financial Analyst, Reimbursement Analyst, Senior Analyst, and Decision Support Analyst. Most are not in management positions. 149 analysts responded to the survey, out of 606 sampled, resulting in a response rate of 25%. There is 95% probability that the mean compensation for analysts in HFMA lies between $73,100 and $80,100.

Advertisements

googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text1' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text2' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text3' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text4' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text5' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text6' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-text7' ); } );
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-leaderboard' ); } );