10 statistics to know on GI wealth, debt, salary & revenue generated for hospitals

Here are 10 statistics on gastroenterologists' finances from industry sources:

Medscape's "Physician Wealth and Debt Report 2019" offers insights into the current state of physician finances.

Medscape analyzed responses from 19,328 physicians in more than 29 specialties to determine their insights.

Four stats on gastroenterologists:

1. Twenty percent of gastroenterologists reported having a net worth above $5 million. They led all specialties. For context, only 3 percent of the U.S. population had a net worth of more than $1 million in 2018.

2. Thirty-eight percent of gastroenterologists reported having mortgages over $500,000; they were in the middle of the pack. Dermatologists led the pack, with 51 percent reporting mortgages above $500,000.

3. Gastroenterologists paid off their medical school loans faster than other specialties. Only 14 percent of respondents said they were still paying their medical school loans, while 33 percent of emergency medicine physicians said they were still paying off their loans.

4. Only 16 percent of gastroenterologists reported having a net worth below $500,000.

Gastroenterologists generate more net revenue for hospitals than general surgeons, internal medicine physicians and oncologists, on average, according to Merritt Hawkins' 2019 Physician Inpatient/Outpatient Revenue Survey.

5. Survey respondents said gastroenterologists generated an average net revenue of $2,965,277 in 2019, up from $1,422,677 reported in Merritt Hawkins' 2016 survey.

6. Specialties such as orthopedic surgery ($3,286,764), invasive cardiology ($3,484,375) and cardiovascular surgery ($3,697,916) generated more average net revenue for hospitals than gastroenterologists .

7. Increasing revenues across specialties shows value-based delivery models have not reduced the volume or cost of physician specialty care, the report noted.

Gastroenterologists are some of the highest-earning specialty physicians, according to Medscape's 2019 gastroenterologist compensation report.

8. Gastroenterologists earn on average $417,000

9. Self-employed ($440,000) gastroenterologists earn more than those who don't work for themselves ($393,000).

10. Fifty-one percent of gastroenterologists reported feeling that they're fairly compensated.

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