Here's what it costs to employ physicians in 2024

In the third quarter of the year, a health system's median investment/subsidy per physician totaled $304,312, rising above $300,000 for the first time ever, according to a Nov. 12 report from Kaufman Hall.

Here are six additional stats from the report to know: 

Investment/subsidy cost per physician: $304,312

Investment/subsidy cost per provider: $234,907

Net patient revenue per provider: $394,184

Total direct expense per provider: $640,062

Labor percent of total expense: 84%

Provider compensation per full-time equivalent: $305,533 

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