MINNEAPOLIS, Nov. 9, 2015 /PRNewswire-USNewswire/ -- A survey released by the Health Care Compliance Association (HCCA) reveals detailed compensation data for Chief Compliance Officers (CCOs) and their staffs. The survey breaks down the results by organization size as well as other key metrics. Among other highlights, the data revealed that CCOs at the largest companies (more than $3 billion in annual revenues) earn an average of $297,604, while those at small organizations with revenues of less than $5 million earned $90,487.
"The salary data shows that the compliance profession is strong and growing stronger every year," said HCCA CEO Roy Snell. "Compensation reflects the growing stature of compliance and its importance to the health care industry."
The 2015 Health Care Chief Compliance Officers and Staff Salary Survey also yielded a wealth of data about compliance programs. The study found that the typical CCO has managed his or her compliance department from six to 10 years and more than half of CCOs and Compliance directors hold a Certified in Healthcare Compliance (CHC)® certification. Survey respondents with a certification made significantly more than those without one.
"It's clear that having a professional credential is very valuable for compliance professionals, and that becoming Certified in Healthcare Compliance earns the respect of employers," said Snell.
The survey also found that CCOs working for academic health care providers, earn the highest average total cash compensation — $191,423, followed closely by CCOs working for publicly traded health care companies at $187,832.
This survey was completed in September 2015. The salary data was organized by geographic region, certifications held, the type of organization, the number of years managing compliance departments, and more. This report included salary data only from the health care sector. The results of this survey are based on data from compliance professionals across the U.S. and even a few internationally. The survey results will equip HCCA members and their employers with the data they need to understand and evaluate elements of compliance professionals' compensation packages.
To download the complete survey results use this link:
About the Health Care Compliance Association (HCCA)
HCCA, established in 1996 and headquartered in Minneapolis, MN, is a non-profit professional membership organization with more than 10,000 members. It is dedicated to improving the quality of compliance. HCCA provides training, certification, networking, and other resources to its members. HCCA's members include compliance professionals from a wide range of health care organizations, including hospitals, health systems, research facilities, long-term care, physician practices, clinics, managed care, pharmaceutical, medical device, and technology service providers. Visit HCCA's website at www.hcca-info.org. Tel: 888-580-8373.
SOURCE Health Care Compliance Association