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.
The top 10 revenue-generating specialties:
1. Cardiovascular surgery: $3,697,916
2. Invasive cardiology: $3,484,375
3. Neurosurgery: $3,437,500
4. Orthopedic surgery: $3,286,764
5. Gastroenterology: $2,965,277
6. Hematology/oncology: $2,855,000
7. General surgery: $2,707,317
8. Internal medicine: $2,675,387
9. Pulmonology: $2,361,111
10. Urology: $2,161,458
More articles on benchmarking:
The 5 best, worst states for RN salary
5 states with highest, lowest physician salaries
23 statistics on physician debt
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.
