The 2013 Merritt Hawkins survey of inpatient and outpatient revenue generated for hospitals by different specialties contained some pleasant surprises for family docs.
Check out this YouTube clip for a short video of the data: http://youtu.be/Y38JYZvK-9Q
We don’t make the Top 5 in salary:
Neurosurgery |
$669,000 |
Orthopedic Surgery |
$519,000 |
Cardiology (Invasive) |
$512,000 |
Urology |
$461,000 |
Gastroenterology |
$433,000 |
But look at the top 5 revenue generators:
Orthopedic Surgery |
$2,683,510 |
Cardiology (Invasive) |
$2,169,643 |
Family Medicine |
$2,067,567 |
General Surgery |
$1,860,566 |
Internal Medicine |
$1,843,137 |
And the Top 5 specialties by return on investment (dollars in revenue generated per dollar spent on salary):
Family Medicine |
10.9 |
Internal Medicine |
9.1 |
Psychiatry |
5.8 |
Ob / Gyn |
5.6 |
General Surgery |
5.4 |