Primary Care Physicians Create More Revenue for Hospitals than Specialists
May 13—For the first time, primary care physicians, on average, generated annual net revenue for their affiliated hospitals that exceeded that of specialty physicians, according to a study from a physician recruitment firm.
Primary care physicians generated $1.57 million in average annual net revenues in the 2013 survey—up 13 percent from 2010 data, according to the 2013 Physician Inpatient/Outpatient Revenue Survey, conducted by Merritt Hawkins. Meanwhile, specialty physicians generated $1.42 million in average annual net revenues, the lowest average in the five years the survey has been conducted. For the survey, primary care physicians were defined as family physicians, general internal medicine physicians, and pediatricians.
For the survey, 102 hospital CFOs were polled in January to determine the amount of net inpatient and outpatient revenue that physicians generated for their hospitals through direct admissions, procedures, tests, and other services.
Publication Date: Monday, May 13, 2013