Hospital CFO Salary

Hospital CFO Salary Overview for the USA

Are you looking for detailed information about the salaries of CFO in hospitals? If so, check out our CFO Salary guide. Whether you are a hospital aiming to hire a financial leader or a CFO looking for career opportunities, our guide offers you a deep insight into the average salary rate of CFOs in hospitals based on its key metrics and company size.

The main aim of this guide is to provide you with all the necessary details you may want to know about the CFO hospital compensation package based on the healthcare industry. 

If you want to know the precise figure of hospital CFOs’ salaries, refer to your location page in the guide. There, you see a figure; decrease it by 3.2% to get the exact amount.

The demand for the healthcare industry keeps rising. Therefore, hospital CFOs are needed to manage the financial challenges and costs. 

Generally, the salary rate of CFOs in hospitals is 3.2% lower than every other sector. Our guide shows an in-depth comparison of hospital CFO salaries with those of other sectors. 

Why download the CFO Recruit Salary Guide?

Most online job platforms give you a randomly generated salary figure. Our CFO salary guide involves data that is sourced from actual top financial leaders, CFOs, and executives in the industry. 

How do we ensure the accuracy of hospital CFO salary information?

We manage one of the biggest CFO databases in the whole USA. With our unique registration portal for CFO candidates, we collect salary-related data. This includes candidates’ current salary, their future expectations, and other benefits. 

This data directly comes from the candidates working in the hospital and healthcare industry, enabling us to provide only accurate data. We update our guide annually to offer you the latest salary data based on the American market.

Factors Affecting Hospital CFO Salaries

Various factors influence the salary rate of CFO in hospitals.

• Company Size: The salary of the CFO rises if the hospital is big; it gets lower if the hospital is small. Simply, the size of the hospital has a direct relationship with the salary rate of CFOs.
• Regulatory Compliance: Hospitals are places of strict compliance with regulatory rules. Hence, a CFO must have expert knowledge of finance and management to get a high salary.
• Experience and Expertise: A high level of experienced CFOs gets high pay due to their expertise and skill sets.

Understanding CFO Salaries in Hospitals: What You Need to Know

You must understand that the salary rate of CFOs in hospitals may vary as compared to other sectors due to various reasons. According to our recent data, the salaries of hospital CFOs are generally 3.2% lower than the average salary of other sectors. This shows the unique regulatory requirements and unique budget management for the hospitals.

The Hospital Difference: A 3.2% Adjustment

What causes this difference? The biggest reason is the diverse financial structure of the healthcare industry, which basically includes strict compliance requirements and government reimbursements. 

This leads to a slight decrease in the compensation of CFO in hospitals compared to other sectors. Regardless of low salaries, hospital CFOs still enjoy other benefits and incentives.

How to Calculate Competitive Hospital CFO Salaries

If you want to learn the exact pay that CFOs in hospitals get, then begin with the average salary of a CFO in your region. Once you get the salary rate based on your region, just decrease its value by 3.2%, and you’ll get the hospital standard rate.

For example, if the average rate of CFO in your region is $200,000, then subtract 3.2% from it. It will result in a salary of $193,600, which is the salary of the hospital CFO. Make sure to always do this necessary adjustment while calculating the average salary of a CFO in hospitals in your area.

It is important to give your CFO candidates a salary based on local market value guidelines. This ensures you attract industry leaders effectively.

In our Hospital CFO Salary Guide, you’ll find:

• The average CFO salary in hospitals
• Hospital CFO salary ranges by company size
• CFO salaries in smaller hospitals
• CFO salaries in large healthcare systems and hospital networks

Download Chief Financial Officer Hospital Salary figures now to make an informed decision when hiring in this essential field.