by Heather Landi | Feb 26, 2019
Even as healthcare transitions toward value-based payment models, physicians continue to be big moneymakers for hospitals.
Just how much are they worth?
While it depends on the specialty, a new analysis by Merritt Hawkins estimates that physicians generate an average of $2.38 million per year in net revenue on behalf of their affiliated hospitals. That’s up from about $1.5 million in 2016, a 52% increase.
Cardiovascular surgeons are the biggest revenue generators for hospitals, with full-time cardiovascular surgeons earning their hospitals an average of nearly $3.7 million a year, according to the survey.
Invasive cardiologists net their hospitals $3.5 million a year, followed by neurosurgeons at $3.4 million and orthopedic surgeons at $3.3 million.
The survey is based on responses from 62 CFOs quantifying how much revenue physicians in 18 specialties generated for their hospitals in the past year. That revenue includes net inpatient and outpatient revenue derived from patient hospital admissions, tests, treatments, prescriptions, and procedures performed or ordered by physicians.
Family physicians generated an average of $2.1 million in net revenue annually for their affiliated hospitals, while general internists net their hospitals an average of almost $2.7 million.