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

Pharmaceutical Pricing and Contracting Conference Philadelphia, PA September 22–23, 2014
Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
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
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL 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