Internists pull in $1.6 million in hospital revenue
Hospitalist Leadership Connection, March 23, 2010
General internal medicine physicians generated $1.6 million this year, according to a Merritt Hawkins 2010 Physician Inpatient/Outpatient Revenue Survey.
The survey asked chief financial officers at acute care hospitals about the impact of full-time equivalent physicians (employed or independent) on the combined net inpatient and outpatient revenue.
The results showed that internists generate the fifth highest average revenue ($1.6 million) of the 17 specialties studied, after neurosurgery ($2.8 million), invasive cardiology ($2.4 million), orthopedic surgery ($2.1 million), and general surgery ($2.1 million).
Despite the economic downtown, overall average net revenue generated by physicians increased in 2010 ($1.5 million), compared to 2007 ($1.4 million), attributed to better utilization of resources. However, for general internal medicine, revenue declined in 2010 compared to 2007, attributed to the poor payer mix of indigent, geriatric, and others who may delay care and hospital visits, according to the survey.
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