How much does a Chief Operating Officer - Physician Practice make in Oak Park, IL? The average Chief Operating Officer - Physician Practice salary in Oak Park, IL is $375,453 as of March 26, 2024, but the range typically falls between $292,009 and $462,591. 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 $216,037 Oak Park,IL March 26, 2024
25th Percentile Chief Operating Officer - Physician Practice Salary $292,009 Oak Park,IL March 26, 2024
50th Percentile Chief Operating Officer - Physician Practice Salary $375,453 Oak Park,IL March 26, 2024
75th Percentile Chief Operating Officer - Physician Practice Salary $462,591 Oak Park,IL March 26, 2024
90th Percentile Chief Operating Officer - Physician Practice Salary $541,926 Oak Park,IL March 26, 2024
25% $292,009 10% $216,037 90% $541,926 75% $462,591 $375,453 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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Job Openings for Chief Operating Officer - Physician Practice in Oak Park, IL

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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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

 
 
 
292009
462591
375453

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
312602
539612
420366
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 Oak Park, IL. The base salary for Chief Operating Officer - Physician Practice ranges from $292,009 to $462,591 with the average base salary of $375,453. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $312,602 to $539,612 with the average total cash compensation of $420,366.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

292009
462591

 

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How much should you be paid?

About Oak Park, Illinois    Oak Park is located immediately west of the city of Chicago. The boundary between the two municipalities is Austin Boulevard on the east side of Oak P....More

Oak Park, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Oak Park, Illinois

Chief Operating Officer - Physician Practice Salary in popular cities: ChicagoAuroraRockford

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

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