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Compensation 32 Physician Salaries vs. Hospital Revenue Generated: 51 Statistics By Bob Herman A lthough primary care physicians bring in more net revenue to the average hospital, their compensation still lags behind those in several medical and surgical specialties. Cardiologists (invasive) Median 2013 revenue: $2,169,643 Median 2012 hospital compensation: $512,000 Revenue-to-compensation ratio: 4.24:1 Gastroenterologists Median 2013 revenue: $1,385,714 Median 2012 hospital compensation: $433,000 Revenue-to-compensation ratio: 3.20:1 Family practice physicians Median 2013 revenue: $2,067,567 Median 2012 hospital compensation: $189,000 Revenue-to-compensation ratio: 10.94:1 Psychiatrists Median 2013 revenue: $1,302,631 Median 2012 hospital compensation: $224,000 Revenue-to-compensation ratio: 5.82:1 General surgeons Median 2013 revenue: $1,860,655 Median 2012 hospital compensation: $343,000 Revenue-to-compensation ratio: 5.42:1 Cardiologists (noninvasive) Median 2013 revenue: $1,232,142 Median 2012 hospital compensation: $396,000 Revenue-to-compensation ratio: 3.11:1 Revenue was represented by procedures performed at the hospital, tests and treatments ordered and other factors. (For primary care physicians, hospital CFOs were asked to determine revenue generated from direct admissions, procedures performed, lab tests, etc., but not from indirect revenue primary care physicians may have generated from patient referrals to specialists utilizing the hospital.) Internal medicine physicians Median 2013 revenue: $1,843,137 Median 2012 hospital compensation: $203,000 Revenue-to-compensation ratio: 9.08:1 Pulmonologists Median 2013 revenue: $1,009,868 Median 2012 hospital compensation: $321,000 Revenue-to-compensation ratio: 3.15:1 Hematologists/medical oncologists Median 2013 revenue: $1,761,029 Median 2012 hospital compensation: $360,000 Revenue-to-compensation ratio: 4.89:1 Otolaryngologists Median 2013 revenue: $825,757 Median 2012 hospital compensation: $412,000 Revenue-to-compensation ratio: 2.00:1 On average, a family practice physician brought in $2.07 million of annual net revenue to his or her hospital, behind only orthopedic surgeons and invasive cardiologists, but family practice physicians' compensation was far lower. An orthopedic surgeon generated an average of $2.68 million per hospital, and average orthopedic surgeon compensation was $519,000 — meaning that for every $5.17 of revenue an orthopedic surgeon brought it, he or she received $1 in compensation. Family physicians saw $1 of compensation for every $10.94 of generated revenue, the widest gap of any specialty. Neurosurgeons Median 2013 revenue: $1,684,523 Median 2012 hospital compensation: $669,000 Revenue-to-compensation ratio: 2.52:1 Pediatricians Median 2013 revenue: $787,790 Median 2012 hospital compensation: $189,000 Revenue-to-compensation ratio: 4.17:1 Obstetricians/gynecologists Median 2013 revenue: $1,439,024 Median 2012 hospital compensation: $268,000 Revenue-to-compensation ratio: 5.37:1 Ophthalmologists Median 2013 revenue: $725,000 Median 2012 hospital compensation: $295,000 Revenue-to-compensation ratio: 2.46:1 Urologists Median 2013 revenue: $1,428,030 Median 2012 hospital compensation: $461,000 Revenue-to-compensation ratio: 3.10:1 Neurologists Median 2013 revenue: $691,406 Median 2012 hospital compensation: $280,000 Revenue-to-compensation ratio: 2.47:1 n Last week, physician consulting firm Merritt Hawkins released its "2013 Physician Inpatient/ Outpatient Revenue Survey." Merritt Hawkins received responses from 102 hospital and health system CFOs. The CFOs indicated the combined net inpatient and outpatient revenue generated annually for their facilities by a single, full-time equivalent physician across several specialties. Otolaryngologists had the slimmest revenue-tocompensation ratio, as they earned $1 of pay for every $2 of revenue they brought into the hospital. Ophthalmologists, neurologists and neurosurgeons were not far behind. Here are 51 statistics across 17 specialties on physician-generated hospital revenue, hospital salaries for physicians and their corresponding revenue-to-compensation ratios based on data from Merritt Hawkins' "2013 Physician Inpatient/Outpatient Revenue Survey." Data is sorted by specialties that generated the most hospital revenue. Orthopedic surgeons Median 2013 revenue: $2,683,510 Median 2012 hospital compensation: $519,000 Revenue-to-compensation ratio: 5.17:1 Register Today! Becker's Hospital Review CEO Strategy Roundtable November 14, 2013 Ritz Carlton Hotel, Chicago Co-chaired by Scott Becker, Publisher, Becker's Hospital Review, and Chuck Lauer, Former Publisher, Modern Healthcare To register, visit www.BeckersHospitalReview.com/novhospitalevent.html, email registration@beckershealthcare.com or call (800) 417-2035.