According to the SSI-SEARCH annual survey of headhunting companies, the role of CIO chief information officer in the medical industry is rapidly changing. The number of female CIOs is starting to increase, the number of highly educated people is increasing, and the salary is changing. The purpose of this study is twofold. One is to track the trend of changes in the role of CIOs, and the other is to analyze the influencing factors.
In 2013, the subtitle of the annual CIO White Paper was “Men in the Medical Worldâ€, which illustrates the tremendous changes that the HITECH Act has brought to the lives of CIOs. Why are they worth millions? The title refers not to their remuneration, but to the CIO's control of large budgets and investments in large-scale electronic medical record deployments. The survey also revealed that the vast majority of CIOs are male, so the title is “a man with a million dollars in the medical professionâ€.
This year's survey shows that the situation has changed.
2013-2014 medical industry CIO salary comparison
Strikingly, the 2014 survey showed an increase in the number of female respondents. Although we are not sure why, we think this is a sign that is worthy of recognition. We also see that the proportion of highly educated people has increased from 61% to 73%.
The SSi-SEARCH annual CIO survey does not specifically target pay, but compensation is a major factor in the overall change in roles. The most recent W-2 tax return table shows that in terms of compensation, 2014 was only slightly higher than 2013 ($2,000). From different perspectives such as gender and education level, we can have many important findings.
According to gender, male CIO respondents earn 16% more than women.
2014 medical industry male and female CIO salary comparison
Is gender determining the income of the CIO in the medical industry? Don't base on the conclusion.
High salary, high salary
According to the level of education, CIOs with a Ph.D. (ten in our sample) are 42% higher than those with a master's degree and 68% higher than an undergraduate degree. The average CIO with a graduate degree is $286,000, which is 18% higher than those without the degree.
Medical industry CIO education and salary relationship
We note that there are gender differences in education: 66% of women surveyed have graduate degrees and 76% of men have postgraduate degrees.
The CIO of the medical circle is also "old and pretty"
Remuneration by term: From 2013 to 2014, the CIO's average term is 10 years, and CIOs with more than 10 years of industry experience are 18% higher. The average age of male and female CIOs is the same, and the frequency of replacement work is similar: 18% for men and 16% for women.
Medical industry CIO qualification and salary relationship
Summary: Female CIOs are more socially talented
Analysis of the above findings shows that men are 16% more likely than women, and men have a graduate degree of 15% higher than women. Observing data for men and women, graduates with a postgraduate degree are about 18% higher than those without a degree. Based on this information, we can reasonably conclude that there is no artificial bias in the lower pay of female CIOs, and the educational level is the determining factor for the salary of all male and female CIOs.
Although the study pointed out that the most important factor affecting pay is education, we also noticed that only 7% of male and female CIOs believe that “high academic qualifications will help them cope with future challenges.â€
We expect more women to hold CIO positions in the future, and the pay gap will shrink rapidly. 13% of female respondents indicated that they are currently pursuing other qualifications or higher education, or plan to study within one year. These trends are positive, and we expect that CIOs will have more powerful and rich directions in the future.
Earlier this year, Kyle Johnson joined the Eastern Maine Health Care System as a Vice President and CIO. For women who want to be CIOs, he suggests: “It is important to focus on the potential for development. If you want to find the right position, I recommend not waiting. Women have an advantage in building good relationships. After 2020 Having strong interpersonal relationship management skills and reshaping people's trust in healthcare will be a top priority for CIOs in the healthcare industry."
Johnson received a master's degree in medical informatics in 2011. He said: "I have encountered development limits many times in my career, and I think it can be dealt with through high education and rich experience."
Mary Alice Annecharico, senior vice president and chief information officer of Henry Ford Medical Systems, holds a registered nurse title and a master's degree in surgery. He pointed out: "Women should believe that they are born with the ability to motivate others to achieve their career goals. As chief information officer, I One of the personal goals is to train managers and strategic thinkers to inspire others to lead reforms. I believe that top management no longer has privileges. High education will be an important screening condition for women and men who want to advance, and business degrees are important. In the past, we made demands through influence and experience. Now we are developing with a data-driven strategy. The effectiveness of the data will increase the impact of CIOs on management and help management use data to transform the business model of healthcare organizations."
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