by Tyler & Company
April 24, 2007
DES PLAINES, Ill. -- Cardiovascular administrators employed by academic medical centers enjoyed the highest average compensation in 2006; those with community teaching hospitals had the highest median compensation, report executive recruiters at Tyler & Company.
According to the new compensation survey, conducted in cooperation with the American Academy of Medical Administrators (AAMA) and its specialty group, the American College of Cardiovascular Administrators (ACCA), compensation of cardiovascular administrators by facility type showed a wide variance, from a low of $56K to a high of $207K.
Community hospital CV administrators reported a $105K average compensation, $100K median. Those with community teaching hospitals report $116K average, $115K median. Academic medical center CV administrators indicate $120K average, $108K median compensation. There were insufficient responses from freestanding heart hospitals, health systems or physician practice staff to draw effective comparisons.
Seventy percent of respondents were bonus eligible. Of those, 72 percent received a percentage of base; 29 percent received a flat amount based on other criteria.
Reimbursement issues headed the list of cardiovascular administrators’ top 10 concerns for 2007, according to survey results. In order of response, here are the leading issues concerning cardiovascular professionals:
- Staff Recruitment and Retention
- Cost Management
- Competition/Market Share
- Physician Relationships
- Pay for Performance
About ACCA and AAMA
The American College of Cardiovascular Administrators (ACCA) is a College of the American Academy of Medical Administrators, representing cardiovascular/cardiopulmonary/respiratory professionals.
ACCA strives to advance the field of cardiovascular management and promote excellence and integrity in cardiovascular leadership through education, networking, and career development services.
The American Academy of Medical Administrators (AAMA) recognizes and brings together diverse specialties of the broad, multi-disciplinary medical administration community. AAMA’s mission is to advance excellence in healthcare leadership through individual relationships, multi-disciplinary interaction, practical business tools, and active engagement. Healthcare administrators in every phase of management are served. AAMA is located at 701 Lee Street, Suite 600, Des Plaines, IL.
About Tyler & Company
Tyler & Company is a leader in the healthcare field, providing executive search services around the nation, in all facets of health related organizations. Tyler & Company is experienced in the cardiology market and successfully recruits senior level executives (CEO, finance, operations), product line administrators, physician leaders/medical directors, clinical and patient care managers, and practice administrators. The firm has offices in Atlanta, Philadelphia, Charlotte, and Austin.
For more information on Tyler & Company and its services, please contact Roberta Levine, director of cardiovascular services practice, at +1 610 558 6100 or firstname.lastname@example.org. Visit Tyler & Company online atwww.tylerandco.com.