Becker's Spine Review

13 PRACTICE MANAGEMENT Average Income for Top 20 Recruited Specialties: No. 1 Specialty Makes $579k By Mary Rechtoris T he following 20 specialties boast the most highly recruited physicians, according to Merritt Hawkins 2017 Review of Physician and Advanced Practi- tioner Incentives. Merritt Hawkins based their findings on 3,287 permanent physician and advance practitioner search assignments that Merritt conducted with Kendall Davis and Staff Care from April 2016 to March 2017. Here is the average 2016 to 2017 income for the top 20 recruited specialties: • Anesthesiology: $376,000 • Cardiology (invasive): $563,000 • Cardiology (non-invasive): $428,000 • Dermatology: $421,000 • Emergency medicine: $349,000 • Family medicine: $231,000 • Gastroenterology: $492,000 • General surgery: $411,000 • Hospitalist: $264,000 • Internal medicine: $257,000 • Nurse practitioner: $123,000 • Obstetrics and gynecology: $335,000 • Orthopedic surgery: $579,000 • Otolaryngology: $468,000 • Pediatrics: $240,000 • Physician assistant: $120,000 • Psychiatry: $263,000 • Radiology: $436,000 • Urgent care: $219,000 Note: e aforementioned specialties are listed in alphabetical order. n Net Revenue for 11 Common ASC Specialties — Orthopedics No. 1 with $3.1k per Case By Eric Oliver V MG Health's Multi-Specialty ASC Intellimarker 2017 compiled median net revenue per case in ASCs by specialty. Here are the top 11 common-to-ASC specialties, by highest revenue to lowest revenue: 1. Orthopedics — $3,133 2. Otolaryngology — $2,591 3. Podiatry — $2,506 4. Urology — $2,368 5. Obstetrics and gynecology — $2,344 6. General surgery — $2,156 7. Plastic surgery — $1,797 8. Ophthalmology — $1,434 9. Oral surgery — $1,217 10. Pain management — $1,074 11. Gastroenterology — $1,004 n How Many Orthopedic Physicians are Worth Over $5M? By Adam Schrag A Medscape study revealed more orthopedic physicians are worth over $5 million than any other specialists. Here are four things to know: 1. Roughly 15 percent of orthopedic physicians are worth over $5 million. 2. The following four specialties have the highest percentage of physicians that have a net worth of $5 million or more: • 13 percent of plastic surgeons • 13 percent of ophthalmologists • 13 percent of dermatologists • 11 percent of radiologists 3. Income plays a large role in determining physicians' net worth. Orthopedic physicians earn $489,000 per year, accord- ing to the study. 4. Physicians can also accumulate wealth through ASC owner- ship, stock market investing, real estate investing and ownership in other business ventures. Physicians collaborate with device companies and manufacturers on developing new instruments and implants, speaking engagements and leading workshops. n

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