Labor Cost Management
2017 Director/Manager of Managed Care Compensation Survey
Published
July 21, 2017
12:07 pm
|
Updated
November 7, 2022
8:46 am
| Average cash compensation | $137,600 | ||
| Average gross annual salary | $132,000 | ||
| Percentage eligible for bonus/profit sharing | 51% | ||
| Average bonus/profit share | $11,000 | ||
| Median cash compensation | $128,000 | ||
| Percentage reporting to an officer | 73% | ||
| Percentage reporting to a mid-level manager | 18% | ||
| Number of participants | 111 | ||
Demographics |
|||
| Average age | 50 | ||
| Average years experience in health care | 24 | ||
| Average years member of HFMA | 13 | ||
| Average years in current position | 7 | ||
| Average number of employees under direction | 13 | ||
| Median number of employees under direction | 3 | ||
Certifications |
Percentage | Compensation | |
| CPA | 7% | -small sample- | |
| FHFMA or CHFP | 21% | $136,200 | |
Education |
Percentage | Compensation | |
| Bachelor’s degree | 29% | $126,200 | |
| Master’s degree | 54% | $145,300 | |
Title |
Percentage | Compensation | |
| Manager | 29% | $93,600 | |
| Director | 68% | $154,300 | |
Organization Type |
Percentage | Compensation | |
| Hospital with 380 beds or less | 18% | $137,300 | |
| Hospital with 381 beds or greater | 18% | $136,400 | |
| System level, headquarters or regional | 61% | $139,000 | |
Gender |
Percentage | Compensation | |
| Men | 40% | $157,600 | |
| Women | 59% | $121,800 | |
Net Operating Revenue of Employer |
Percentage | Compensation | |
| Less than or equal to $340 million | 21% | $117,300 | |
| From $350 million to $850 million | 22% | $144,000 | |
| From $900 million to $1.9 billion | 20% | $150,500 | |
| Greater than or equal to $2 billion | 23% | $154,100 | |
Years in Health Care |
Percentage | Compensation | |
| Less than or equal to 19 years | 23% | $120,900 | |
| From 20 to 24 years | 23% | $138,900 | |
| From 25 to 30 years | 23% | $151,500 | |
| More than or equal to 31 years | 21% | $136,200 | |
Number of Reporting Employees |
Percentage | Compensation | |
| Less than or equal to 0.5 employee | 19% | $121,100 | |
| From 1 to 2 employees | 27% | $125,800 | |
| From 3 to 7.5 employees | 28% | $137,000 | |
| Greater than or equal to 8 employees | 24% | $168,200 | |
Region |
Percentage | Compensation | |
| Northeast | 32% | $145,600 | |
| South | 27% | $113,800 | |
| Midwest | 27% | $138,700 | |
| West | 14% | $162,900 | |
Adjusted Medicare Wage Index 2017 |
Percentage | Compensation | |
| Less than or equal to .8711 | 24% | $111,700 | |
| From .8753 to .9531 | 26% | $131,700 | |
| From .9544 to 1.0939 | 25% | $141,000 | |
| More than or equal to 1.1046 | 24% | $166,400 | |
Years of HFMA membership |
Percentage | Compensation | |
| Less than or equal to 5 years | 25% | $125,500 | |
| From 6 to 12 years | 25% | $128,200 | |
| From 13 to 18 years | 23% | $142,800 | |
| More than or equal to 19 years | 27% | $153,500 | |
All of the respondents have titles indicating mid-management responsibilities. Most titles include the words “managed care” or possibly “contracting.” 111 finance managers and directors responded to the survey, out of 418 sampled, resulting in a response rate of 27%. There is 95% probability that the mean compensation for directors and managers of managed care in HFMA lies between $128,200 and $147,000.
