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Article written by: Ayla Ellison, Becker's Hospital CFO Report, May 15, 2019
The amount of revenue physicians generate for hospitals is typically considerably more than their annual salaries, according to a recent survey by physician staffing firm Merritt Hawkins.
The survey was emailed to roughly 3,000 hospital CFOs and other financial managers across the nation between October 2018 and December 2018, and the survey results include data on 93 hospitals. Despite the relatively small data set, Merritt Hawkins believes the survey results are generally reliable and accurate because the overall number for average annual revenue generated by all physician specialties for their affiliated hospitals has remained relatively constant over the 16 years the survey has been conducted.
Below are the 10 physician specialties that generate the highest average annual net revenue for hospitals and the average salaries for those specialties, according to the Merritt Hawkins 2019 Physician Inpatient/Outpatient Revenue Survey.
#1. Cardiovascular surgery
Average revenue: $3.7 million
Average salary: $425,000
Posted on 05/15/2019 at 12:58 PM
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