Physicians generate an average $2.4 million a year per hospital

• Main Author: Robbins RA
• Format: Article
• Language: English
• Published: Arizona Thoracic Society 2019-02-01
• Series: Southwest Journal of Pulmonary and Critical Care
• Subjects: hospital employed physicians; healthcare costs; profit; revenue; cost benefit; outpatient; reimbursement; cost; chemotherapy; Merritt Hawkins
• Online Access: http://www.swjpcc.com/news/2019/3/4/physicians-generate-an-average-24-million-a-year-per-hospita.html

No abstract available. Article truncated after 150 words. Hospitals are more frequently employing physicians which has been associated with increasing costs (1). Physician generated revenue may be one explanation for the upsurge in hospital employed physicians. According to a survey from Merritt Hawkins, physicians generate an average $2,378,727 per year in net revenue on behalf of their affiliated hospitals (2). This includes both net inpatient and outpatient revenue derived from patient hospital admissions, tests, treatments, prescriptions, and procedures performed or ordered by physicians. Travis Singleton, Merritt Hawkins Executive Vice President commented, “Physicians continue to drive the financial health and viability of hospitals ...”. It is not just physician specialists who generate high dollar volumes for hospitals, the survey indicates. Family physicians generate an average of $2.1 million in net revenue annually for their affiliated hospitals, while general internists generate an average of almost $2.7 million. The average net revenue generated by all physicians included in the survey ($2,378,727) …