Orthopedic surgeons generate more net revenue for hospitals than gastroenterologists, noninvasive cardiologists, internal medicine physicians and oncologists, on average, according to Merritt Hawkins' 2019 Physician Inpatient/Outpatient Revenue Survey.
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. The survey was completed by 62 respondents, representing 93 hospitals.
Three things to know:
1. Orthopedic surgeons generate an average $3,286,764 in revenue for hospitals, up from the $2,746,605 reported in the 2016 survey.
2. Invasive cardiologists, cardiovascular surgeons and neurosurgeons were the three specialty physicians that generate more revenue than orthopedic surgeons.
3. On average, physicians generate $2,378,727 for hospitals, an increase of 52 percent from the 2016 survey.