CHIME Survey Shows Uptick in CIO Salaries in 2018, with Women Pulling Ahead
Chief information officers and other senior healthcare IT executives made on average a base salary of $235,806 in 2018, according to a survey of College of Healthcare Information Management Executives (CHIME) members. Women earned about $30,000 more than their male counterparts, and members with medical degrees commanded salaries well above the average.
“In many organizations, the CIO is a strategic partner who works across the healthcare system to improve health and care,” said D. Sheree McFarland, a member of the CHIME Board of Trustees and Division CIO of the West Florida Division of HCA Healthcare. “We are valued for our leadership skills and our ability to collaborate with everyone, from the CEO to clinicians to the finance department. As a member of Women of CHIME, it is rewarding to see that gender is not a barrier to equitable pay and that both our women and men members are recognized for their contributions.”
CHIME conducted the survey in late 2018, asking U.S-based members to answer multiple choice questions that included demographics, job structure, organization type, base salary and benefits, job satisfaction and more. All responses were anonymous. A total of 266 CHIME members completed the survey, which represents about 11 percent of CHIME’s domestic membership.
In 2012, CHIME members participated in a similar survey. Overall, the 2018 survey showed an uptick in average base salaries, with most respondents satisfied or very satisfied with their total compensation and current job.
Among the key findings:
- The average base salary was $235,806 in 2018 vs. $208,417 in 2012.
- On average, women made $257,340 while men averaged $228,217.
- 18 percent of respondents reported that they received no increase to their salary for 2018.
- Almost 75 percent of respondents said that they were very satisfied or satisfied with their current jobs.
- Those who reported to be very satisfied with their total compensation had an average salary of $302,731 while those who said they were very unsatisfied had an average salary of $168,857.
- Some 6 percent of respondents reported having medical degrees and earned about 60 percent more than those with master’s degrees.
- Those who were at a facility with 1-25 beds reported an average salary of $136,183 while those at facilities with 400-699 beds had average salaries of $299,302.
For purposes of the survey, base salary was defined as what respondents are paid on an annual basis, before deductions for taxes, health and other types of insurance, other employment-related deductions and retirement fund contributions. Base salary also excludes any form of bonus payments received, which often represents a significant component of executive compensation. Over 95 percent of respondents said that they receive paid time off and health benefits and 70 percent received bonus payments.
The full report is available on the CHIME website.
The College of Healthcare Information Management Executives (CHIME) is an executive organization dedicated to serving chief information officers (CIOs), chief medical information officers (CMIOs), chief nursing information officers (CNIOs) and other senior healthcare IT leaders. With more than 2,900 members in 55 countries and over 150 healthcare IT business partners and professional services firms, CHIME provides a highly interactive, trusted environment enabling senior professional and industry leaders to collaborate; exchange best practices; address professional development needs; and advocate the effective use of information management to improve the health and care in the communities they serve.