• Each Physician Generates an Average $1.56 Million a Year Per Hospital

  • Media Contact: Phil Miller 469-524-1420 - Phil.miller@amnhealthcare.com

    IRVING, TX, APRIL 12, 2016 – While physicians are the primary providers of medical care at the nation’s hospitals, a new survey suggests they also remain key drivers of hospital revenue. According to the survey, a single physician generates an average $1,560,688 a year in net revenue on behalf of his or her affiliated hospital. 

    Conducted by Merritt Hawkins, a national physician search firm and an AMN Healthcare company, the survey asked hospital chief financial officers to quantify how much revenue physicians in 18 specialties generated for their hospitals in the previous 12 months. This included both net inpatient and outpatient revenue derived from patient referrals, tests, prescriptions, and procedures performed or ordered in the hospital. 

    Orthopedic surgeons topped the list of physicians examined in the survey. A full-time orthopedic surgeon generates an average of $2,746,605 a year on behalf of an affiliated hospital, an invasive cardiologist $2,448,136, a neurosurgeon $2,445,810 and a general surgeon $2,169,693. 

    It is not just surgical specialists who generate high dollar volumes for hospitals, the survey indicates. Family physicians generate an average of $1,493,518 in net revenue annually for their affiliated hospitals, while general internists generate $1,830,200.

    The average revenue for all medical specialties included in the survey ($1,560,688) is up from $1,448,458 in 2013, the last year Merritt Hawkins conducted the survey. Revenue generated by 11 of the 18 medical specialties increased compared to 2013.

    “The value of physician care is not only related to excellence in patient outcomes and patient experience,” said Merritt Hawkins President Mark Smith. “Physicians also drive the financial success of hospitals, even in a healthcare system that is evolving away from volume-based payments and toward value-based payments.”

    The survey also provides a cost/benefits analysis showing which physicians provide the best return on investment by comparing salaries in medical specialties to revenue generated on behalf of hospitals. Family physicians, for example, averaged a starting salary of $198,000 in 2015, while generating 7.5 times that much in hospital revenue. Orthopedic surgeons averaged $497,000 in salary while generating 5.5 times that much in hospital revenue.

    “Primary care physicians such as family physicians and general internists represent an excellent return on investment, which is one reason they have been our number one and number two searches respectively for the last nine years” Smith said.

    A preview of survey results is available here. A free copy of the complete survey report is available by calling Merritt Hawkins at 800-876-0500. 

    About Merritt Hawkins

    Merritt Hawkins is the largest physician search and consulting firm in the United States and is a company of AMN Healthcare, the leader in innovative healthcare work force solutions.

    About AMN Healthcare

    AMN Healthcare is the leader and innovator in healthcare workforce solutions and staffing services to healthcare facilities across the nation. The Company provides unparalleled access to the most comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities. With insights and expertise, AMN Healthcare helps providers optimize their workforce to successfully reduce complexity, increase efficiency, and improve patient outcomes. AMN delivers managed services programs, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, and other consulting services. Clients include acute-care hospitals, community health centers and clinics, physician practice groups, retail and urgent care centers, home health facilities, and many other healthcare settings. For more information about AMN Healthcare, visit www.amnhealthcare.com