Annual compensation for chief medical information officers and similar executives has declined slightly since last year, according to CMIO's 2012 compensation survey, CMIO reports.
Of the respondents to CMIO's third-annual survey, 73% held the title of CMIO or chief clinical information officer. Eleven percent held the title of director or manager of medical or clinical informatics.
Compensation-Related Findings
The survey found that:
- 14% of respondents earn $100,000 or less annually, up from 12% last year;
- 26% earn between $100,000 and $200,000 annually, up from 24% last year;
- 43% earn between $200,000 and $300,000 annually, down from 47% last year; and
- 17% earn $300,000 or more annually, the same as last year.
In addition, 34% of respondents said they do not expect a pay raise this year, while 24% said they expect a pay increase of between 0% and 2%, and 27% said they expect a pay increase of between 2% and 4%.
Meanwhile, 47% of respondents said they do not expect to receive a bonus this year, while 27% expect to receive a bonus that is larger than last year's bonus.
The survey also found a significant increase in salary dissatisfaction. About 26% of respondents said they were somewhat or very dissatisfied with their salary, up from 21% last year.
Maureen Gaffney -- CMIO and senior vice president of patient care services at Winthrop University Hospital in New York -- said the salary dissatisfaction may reflect the fact that IT executives are feeling overburdened as their workloads and responsibilities grow.
Additional Findings
The survey also found that:
- 13% of surveyed IT executives are women, up from 8% last year;
- The largest percentage of respondents were between ages 41 and 45, while the largest age category in last year's survey was between ages 51 and 55;
- About 25% of surveyed IT executives said they expect their workload to increase this year, while 51% expect no change (Walsh, CMIO, 1/25).