How much is a physician worth to a hospital? About $1.4M (Dallas Business Journal)
Irving-based Merritt Hawkins’ new 2013 Survey of Physician Inpatient/Outpatient Revenue puts a price tag on what physicians are worth to hospitals based on their specialties.
Orthopedic surgeons top the list at $2.7 million per year, while the overall annual average for the 18 specialties surveyed is $1.4 million.
The finding that grabbed me is that for the first time in the survey’s 11-year history, primary care physicians exceeded specialists in average annual revenue generated. The 2013 survey shows family physicians generate $2.1 million annually for their affiliated hospitals, up from $1.7 million in 2010, the last time the survey was conducted.
Phil Miller, vice president of communications for Merritt Hawkins, told me this afternoon that the survey shows a shift in power from specialists to primary care physicians under the national health reforms that set up primary docs to “quarterback” where patients are referred.As a result, hospitals are employing more primary care doctors.
“In the past where primary care doctors might have sent an X-ray patient to the radiology group down the street, as a...
