Becker's ASC Review

34 HEALTHCARE NEWS 34 Physician pay is changing — up in 8 specialties, down in 4 in 2022 By Patsy Newitt I nterventional cardiologists saw the biggest drop in pay last year, according to Merritt Hawkins and AMN Healthcare's 2022 "Review of Physician and Advanced Practitioner Recruiting Incentives." OB-GYN saw the biggest increase in pay, but orthopedic surgeons boast the highest overall average pay. e report is based on 2,695 physician and advanced practitioner job search engagements conducted from April 1, 2021, to March 31, 2022. Physician pay increased for these four specialties: • OB-GYN: 10.3 percent increase — from $291,000 to $321,000 • Anesthesiology: 9 percent increase — from $367,000 to $400,000 • Cardiology (Non-invasive): 8.5 percent increase — from $446,000 to $484,000 • Neurology: 7.3 percent increase — from $332,000 to $356,000 • Gastroenterology: 4.6 percent increase — $453,000 to $474,000 • Orthopedic surgery: 3.5 percent increase — from $546,000 to $565,000 • Urology: 2.6 percent increase — from $497,000 to $510,000 • Internal medicine: 0.4 percent increase — from $255,000 to $256,000 Physician pay decreased for these four specialties: • Cardiology (interventional): 13.7 percent decrease — from $611,000 to $527,000 • Hematology: 5.2 percent decrease — from $426,000 to $404,000 • Radiology: 2.1 percent decrease — from $465,000 to $455,000 • Pediatrics: 1.7 percent decrease — $236,000 to $232,000 n On the 'brink of financial collapse': California system CEO implores governor for funding By Laura Dyrda V isalia, Calif.-based Kaweah Health is a busy hospital with a robust emergency room seeing more than 81,000 patients per year. The hospital is among Healthgrades' top 250 hospitals in the nation and had a financially strong position pre-pandemic with an A3 Moody's Investors Service rating. Then the pandemic hit. Since March of 2020 the 613-bed hospital and health system sustained a $127 million operating loss, including $29 million lost in the first quarter of 2022, and cash reserves dropped from 130 to 84 days cash on hand, according to a letter penned by Gary Herbst, CEO of Kaweah. The open letter, published in Visalia Times Delta, implores Mr. Newsom to provide funding for district hospitals and reform Medi-Cal reimbursement to keep the system from closing beds and services. "The COVID-19 pandemic, and its aftermath, have brought District hospitals to the brink of financial collapse," Mr. Herbst wrote. "Without your help, it will soon be virtually impossible for Medi-Cal patients to receive anything but emergency medical care in the State of California." Mr. Herbst also said the hospital will soon default on over $200 million in revenue bond debt and doesn't have the funds to build the $730 million patient tower needed to ensure more than 200 of its beds are compliant with state regulations. n Top 15 healthcare companies by revenue heading into 2023 By Laura Dyrda The largest healthcare companies in the U.S. have continued to grow in the last year. Here are the top 15 companies in healthcare by revenue, according to CompaniesMarketCap.com. Revenue listed below is the average revenue for the last four quarters reported by the company. 1. CVS Health: $315.2 billion 2. UnitedHealth Group: $313.1 billion 3. McKesson: $272 billion 4. AmerisourceBergen: $238.6 billion 5. Cardinal Health: $187 billion 6. Elevance Health: $153.2 billion 7. Centene: $132.4 billion 8. HCA Healthcare: $56.5 billion 9. Molina Healthcare: $30.1 billion 10. Baxter: $14.7 billion 11. Universal Health Services: $13.2 billion 12. Henry Schein: $12.6 billion 13. Community Health Systems: $12.3 billion 14. DaVita: $11.2 billion 15. Owens & Minor: $9.9 billion n

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