Tim Tolan, Sanford Rose Associates – Tolan Group, Featured in Becker’s Article
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Tim Tolan, Sanford Rose Associates – Tolan Group, Featured in Becker’s Article: “CIO Salaries: 8 Things to Know”
Dallas, TX | 8/6/2014
By Helen Gregg
Hospital and health system CIOs earn an average base salary of $208,417, according to a 2013 survey from the College of Healthcare Information Management Executives.
Here are eight things to know about CIOs’ salaries.
- The size of the organization significantly affects salary, according to the CHIME survey. CIOs at multi-hospital systems reported an average base salary of $254,054 in the CHIME survey, compared with the $125,573 base salary earned by CIOs at critical access hospitals.
- In the survey, titles carried with them an even larger variation in salary; survey respondents with titles including “senior vice president” or “executive vice president” reported an average salary of $310,326. Those with titles like director of information systems or director of IT earned an average of $128,193.
- In the survey, higher education was correlated with higher salaries. Salaries for CIOs with PhDs and master’s degrees averaged $230,714 and $213,705, respectively. PhDs are relatively rare among CIOs, however, says Tim Tolan, a senior partner at executive search firm Sanford Rose Associates – The Tolan Group — about 5 percent of CIOs have them.