Becker's ASC Review

July, August 2017 Issue of Becker's ASC Review

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7 ASC MANAGEMENT 27 Statistics on Specialist Net Worth Exceeding $2M By Mary Rechtoris O rthopedics ranks as the top specialty with the most providers whose net worth is $2 million or more, ac- cording to Medscape's "Physician Wealth and Debt Report 2017." Here is the breakdown of the percentage of physicians with $2 million or more in net worth by specialty: • Orthopedics: 44 percent • Otolaryngology: 42 percent • Radiology: 40 percent • Plastic surgery: 39 percent • Cardiology: 36 percent • Ophthalmology: 35 percent • Urology: 35 percent • Anesthesiology: 34 percent • Gastroenterology: 33 percent • Dermatology: 32 percent • General surgery: 28 percent • Pulmonary medicine: 28 percent • Obstetrics and gynecology: 27 percent • Pathology: 26 percent • Rheumatology: 25 percent • Emergency medicine: 23 percent • Infectious disease: 23 percent • Oncology: 22 percent • Nephrology: 22 percent • Allergy and immunology: 21 percent • Critical care: 17 percent • Neurology: 22 percent • Endocrinology: 16 percent • Internal medicine: 15 percent • Psychiatry: 15 percent • Pediatrics: 14 percent • Family medicine: 12 percent 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 Intel- limarker 2017 compiled median net revenue per case in ASCs by specialty. Here are the top 11 common 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 Average Income for Top 20 Recruited Specialties: No. 1 Specialty Makes $579k By Mary Rechtoris T he following 20 specialties feature the most highly recruited physicians, ac- cording to Merritt Hawkins' 2017 Review of Physician and Ad- vanced Practitioner Incentives. Merritt Hawkins based their find- ings on 3,287 permanent physi- cian 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: The aforementioned special- ties are listed based on alphabetical order. n

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