Merritt Hawkins emailed a survey to 3,000 hospital CFOs and other financial managers across the U.S. from October 2018 to December 2018. Hospital CFOs and financial managers reported the combined net inpatient and outpatient revenue generated by a full-time equivalent physician employed by the hospital or in independent practice. Primary care physicians determined revenue from direct hospital admissions, lab tests and procedures performed. The survey was completed by 62 respondents, representing 93 separate hospitals.
Three things to know:
1. Survey respondents said gastroenterologists generated an average net revenue of $2,965,277 in 2019, up from $1,422,677 reported in the 2016 survey.
2. 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 did.
3. Increasing revenues across specialties shows value-based delivery models have not reduced the volume or cost of physician specialty care, the report noted.
Read the full report here.
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