General surgeons generate $2,707,317 in annual net revenue for hospitals 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. Primary care physicians determined revenue from direct hospital admissions, lab tests and procedures performed. The survey was completed by 62 respondents, representing 93 separate hospitals.
Three things to know:
1. Survey respondents said general surgeons generated 24.7 percent more revenue in 2019 compared to 2016, when general surgeons generated $2,169,673 in average annual net revenue.
2. Specialties such as orthopedic surgery ($3,286,764), invasive cardiology ($3,484,375) and cardiovascular surgery ($3,697,916) generated more average net revenue for hospitals than general surgeons did.
3. Increasing revenues across specialties shows value-based delivery models have not reduced the volume or cost of physician specialty care, the report noted.
Read the full report here.