How much does a Chief Operating Officer - Physician Practice make in the United States? The average Chief Operating Officer - Physician Practice salary in the United States is $356,879 as of February 26, 2024, but the range typically falls between $277,553 and $439,687. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Chief Operating Officer - Physician Practice Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Operating Officer - Physician Practice Salary $205,330 US February 26, 2024
25th Percentile Chief Operating Officer - Physician Practice Salary $277,553 US February 26, 2024
50th Percentile Chief Operating Officer - Physician Practice Salary $356,879 US February 26, 2024
75th Percentile Chief Operating Officer - Physician Practice Salary $439,687 US February 26, 2024
90th Percentile Chief Operating Officer - Physician Practice Salary $515,079 US February 26, 2024
25% $277,553 10% $205,330 90% $515,079 75% $439,687 $356,879 50%(Median) Didn’t find job title? Click
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What skills does a Chief Operating Officer - Physician Practice need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

3.

Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

Leadership 18.17%
Accounting 1.23%
Health Care 1.06%
Others 79.54%

Job Description for Chief Operating Officer - Physician Practice

Chief Operating Officer - Physician Practice is responsible for planning, organizing, and directing operational objectives for one or more physician office sites. Assists in the development and implementation of strategic long-term goals. Being a Chief Operating Officer - Physician Practice provides fiscal management to include analysis, forecasting, budgetary responsibilities, and negotiates contracts. Reviews metrics and revenue cycle performance and recommends and implements strategies for improvement and growth. Additionally, Chief Operating Officer - Physician Practice may require a master's degree. Typically reports to ceo or board of directors. The Chief Operating Officer - Physician Practice manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Chief Operating Officer - Physician Practice typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Career Path for Chief Operating Officer - Physician Practice

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Chief Operating Officer - Physician Practice, the first career path typically progresses to Chief Executive Officer - Physician Practice.

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Chief Operating Officer - Physician Practice salary varies from city to city. Compared with national average salary of Chief Operating Officer - Physician Practice, the highest Chief Operating Officer - Physician Practice salary is in San Francisco, CA, where the Chief Operating Officer - Physician Practice salary is 25.0% above. The lowest Chief Operating Officer - Physician Practice salary is in Miami, FL, where the Chief Operating Officer - Physician Practice salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Chief Operating Officer - Physician Practice, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
277553
439687
356879

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
297137
512889
399570
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Operating Officer - Physician Practice in the United States. The base salary for Chief Operating Officer - Physician Practice ranges from $277,553 to $439,687 with the average base salary of $356,879. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $297,137 to $512,889 with the average total cash compensation of $399,570.
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277553
439687

 

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Skills associated with Chief Operating Officer - Physician Practice: Health Care Administration, Practice Management, Medical Practice Management Software, JCAHO Standards Compliance

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Chief Operating Officer - Physician Practice Salary in United States
Chief Operating Officer - Physician Practice Salary Graph, Regional Distribution and Summary