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Doctors Bring Millions To Health Centers

May 7th, 2007


Cardiologists alone can generate millions in revenue annually, according to a new national survey of revenues generated for hospitals by doctors.


The survey, conducted by Merrit, Hawkins & Associations, states that a single, full-time invasive cardiologist generates $2.66 million annually for his or her affiliated hospital. A physician will generate about $1.5 million in net revenue for his or her affiliated hospital.


The survey asked hospital chief financial officers to quantify how much revenue a single physician in 17 specialties generated for their hospitals in the last 12 months. This included both net inpatient and outpatient revenue derived from patient referrals, tests, and procedures performed in the hospital.


Other findings of the survey included:


Bullet Arrow $2.3 million annually from an orthopedic surgeon
Bullet Arrow $2.2 million for a non-invasive cardiologist
Bullet Arrow
$2.1 million for a neurosurgeon
Bullet Arrow $1.99 million for a general internist
Bullet Arrow $697,516 annually for a pediatrician
Bullet Arrow $584,310 for an ophthalmologist
Bullet Arrow $557,916 for a neurologist


“The physician’s pen is still the most powerful tool in health care,” said Joseph Hawkins, CEO or Merrit, Hawkins & Associates, adding that the survey underscores the central role physicians play in the health care delivery system.


“Patients are not admitted to the hospital or discharged, tests ordered, or procedures performed without a physician’s signature. Hospitals depend on doctors to drive patient care, which in turns drives revenue.”





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