CMIOs' Pay Increasing, But Satisfaction Decreasing
The average CMIO's salary has increased over the past year, but CMIO job satisfaction has taken a dive during that same time period, according to survey results presented at the Association of Medical Directors of Information Systems Physician-Computer Connection Symposium and reported in CMIO.
Survey respondents indicated an average salary of $326,000, a 2.5 percent increase from the $318,000 reported in 2013.
However, reported job satisfaction declined. While more than 50 percent of respondents indicated being "very satisfied" in previous years, 43 percent indicated being "somewhat satisfied" in 2014.
Additionally, 50 percent of respondents indicating feeling "somewhat successful" in 2014. Vi Shaffer, research vice president of healthcare for Gartner, AMDIS' partner for conducting the survey, said this finding may be associated with CMIOs' transitory role in having to manage technology's impact on value and being accountable for business results.
However, the majority of CMIOs — approximately 67 percent — reported wanting to remain in their position instead of advancing to another executive position. Fourteen percent said they wanted to hold the same position in a different organization and 33 percent wanted to have more responsibilities.
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