101 Careers in Healthcare ManagementIn this weekly feature, the editors of SpringBoard highlight one career in the health care professions–including a basic description, educational requirements, core competencies/key skills needed, and related web sites and professional organizations where you can find more information!

JOB DESCRIPTION
The Chief Medical Officer’s (CMO’s) responsibilities include promoting concepts and practice of quality improvement; establishing and maintaining effective working relationships with medical staff; participating in reviews of qualifications, credentials, performance, and professional competence and character of medical staff applicants and members; and working within the appropriate facility or operational leadership model to establish, monitor, and improve aggregate clinical outcomes.

EDUCATION AND EXPERIENCE
The majority of acute care hospital CMOs possess a medical doctorate or Doctor of Osteopathy degree, possess board certification or qualification and level of expertise typically gained through 5 years of experience in clinical practice, must be eligible for or hold a current state license to practice medicine, and be eligible for medical staff privileges. Persons in this capacity typically are also required to have 3 years of medical staff leadership experience.

CORE COMPETENCIES AND SKILLS

  • Proven track record of partnering with medical staff to achieve desired facility-specific and organizational outcomes
  • Knowledge of modern national trends in hospital technology, quality, and patient safety
  • Skilled in effectively handling multiple conflicting assignments, demands, and priorities
  • Skilled in influencing physician behaviors; partnering and problem solving with physicians and administrative leaders within multiple clinical areas and among members of the medical staff; navigating a highly matrixed organizational structure with skill and efficiency; analyzing complex financial/statistical data; maintaining a high level of organization with strong attention to detail in order to respond quickly to varying situations
  • Proven experience implementing a continuous improvement culture

COMPENSATION
Most hospital CMOs earn between $190,500 and $245,500 per year. However, this figure varies depending on a number of variables, including the size of the hospital and the region of the country in which the hospital is located. CMOs of smaller hospitals in more rural areas tend to earn less than their counterparts at large, urban hospitals.

EMPLOYMENT OUTLOOK
Job opportunities for top level secular healthcare management will continue to soar according to the Bureau of Labor Statistics. CMOs will be in great demand for companies providing financial solutions to the healthcare industry. Greater focused energy concerning controlling costs, coupled with greater demands for accountability by insurance companies and Medicare, both a business and financial approach to finding the appropriate services, will place managers with medical backgrounds into enviable positions.

FOR FURTHER INFORMATION

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