Merritt Hawkins surveyed hospital CFOs about how much revenue physicians in 18 specialities generated in the previous 12 months, including both net inpatient and outpatient revenue from hospital admissions, tests, treatments prescriptions and procedures ordered by physicians.
The most lucrative specialists were full-time cardiovascular surgeons, who generated an average of almost $3.7 million a year, followed by invasive cardiologists at $3.5 million, and neurosurgeons at $3.4 million. Family physicians generate an average of $2.1 million for their affiliated hospitals.
“The value of physician care is not only related to the quality of patient outcomes,” said Travis Singleton, executive vice presidents at Merritt Hawkins. “Physicians continue to drive the financial health and viability of hospitals, even in a healthcare system that is evolving towards value-based payments.”
More articles on healthcare finance:
New York health system cuts jobs after poor financial performance
$89B: The annual price tag of healthcare wait, travel times
Bankruptcy court approves $610M bid for 4 California hospitals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
