Managed Care

 

How nice to be the chief medical officer — of a large commercial HMO in or near Minnesota

MANAGED CARE August 2001. © MediMedia USA
Compensation Monitor

How nice to be the chief medical officer — of a large commercial HMO in or near Minnesota

MANAGED CARE August 2001. ©MediMedia USA

Chief medical officers of HMOs have highest incomes in the Northeast, but their mean incomes are only about $200 more than the average total compensation of CMOs from the next most prosperous region — the West North Central area consisting of Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Median salaries are also close, and higher by $20,000 or more than other regions. Warren Surveys collected 2001 data from over 500 HMO and other managed care health plans nationwide. The survey defines CMO as "Top person responsible for overseeing the medical policies, medical service delivery and quality care for health plan members. In a large network and/or insurer-sponsored model, this person may have several medical directors for whom [he is] responsible." All CMOs are physicians.

Lowest compensation in the Mountain states

Bigger plan, better for CMO

Chief medical officers of plans with 500,000 or more members have considerably greater total earnings than CMOs at smaller plans.

Corporate status may play a role

The chief medical officer at a not-for-profit organization is compensated at a lower level than peers at for-profit organizations. The mean difference in salary (including bonuses) between CMOs in for-profit and not-for-profit organizations is over $30,000.

SOURCE: WARREN SURVEYS. THE HMO SALARY SURVEY: SPRING 2001. 815-877-8794

Meetings

2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
9th Semi-Annual Medical Device Coverage and Reimbursement Conference San Diego December 5, 2014
8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015