More Than Words
In one way, it's encouraging to learn that more healthcare organizations recognize they must hire a c-level executive to oversee security, realizing security responsibility is more than the CIO can take on. On the other hand, your points about management structure resonate -- and I would imagine many CIOs and CISOs who find themselves in the position you describe (where they report to the CFO or other non-CEO exec) are nodding their heads in frustration and agreement with your points about salary, responsibility, and the burdens they face.
The best organizations in any vertical appear to have realized that security extends far beyond technologies and processes; rather, security is part of their culture and as the leader of all facets of security, the CISO is a key part of the organization's leadership team. S/he is integral to pretty much every aspect of that organization's future growth, measuring risk vs reward, and cannot be seen as lesser to the CFO or any other c-level exec.