“Paper records are fading away,” says a PricewaterhouseCoopers study, “Needles in a Haystack: Seeking Knowledge With Clinical Informatics.” One reason is money. Under the American Recovery and Reinvestment Act of 2009 (“the stimulus”), the government has paid $2.5 billion to 800 hospitals and 33,000 physicians for using electronic health records. “Thousands more are in the pipeline to receive the bonuses, which could total $28 billion by 2015,” the study states. Chief medical informatics officers, who head departments that process all that data, are suddenly in the spotlight, though providers have more CMIOs on staff than insurers.
Perhaps that is because insurers have doubts about how effective clinical informatics can be.
Executive Compensation 2011/2012, published by Compdata Surveys, looks at the salaries for “chief medical information officers,” whom the research company defines as licensed physicians “with extensive experience in medical informatics.” Compdata broke down the data for 2011 by revenue (in millions) for organizations and by number of employees.
Source: Executive Compensation 2011/2012, Compdata Surveys