The report, The Cost of Physician Turnover and the Economic Impact of Physicians, analyzes the economic contributions of patient care physicians at the state level.
Here are five stats to know:
1. Each office-based physician generates an average economic output of $3.1 million.
2. On average, each physician supports 17 jobs.
3. The average physician contributes $1.4 million in wages and benefits.
4. Physicians also generate $126,129 in local and state tax revenue, a significant increase from $90,449 in 2012.
5. Here are the 10 states with the highest average per capital economic output of patient care physicians:
- California: $2,579,698
- Alaska: $2,546,917
- Florida: $2,506,663
- New Jersey: $2,440,851
- Colorado: $2,422,118
- Illinois: $2,419,195
- Arizona: $2,394,054
- New York: $2,336,047
- Massachusetts: $2,317,709
- Connecticut: $2,307,766
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
