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The average compensation for hospital compliance officers is $79,000, according to the Healthcare Financial Management Association’s (HFMA’s) 2001 Compensation Survey released last month. Forty percent of respondents say they are eligible for a bonus or profit-sharing.
According to HFMA, 41% have a graduate degree and 53% have a bachelor's degree. Average compensation for the former stands at $83,600 and $77,600 for the latter. Forty-eight percent report directly to a senior administrator, and 45% report directly to a company officer.
The average age of survey participants is 45, with an average of 18 years in health care and three years in their current position. The median number of employees under their direction is one.
The complete HFMA Compensation Survey 2001 is available at www.hfma.org.