Primary care doctors outperformed subspecialists in generating hospital revenue for the first time, a survey found.
Primary care doctors in family practice, internal medicine and pediatrics generated a combined average of more than $1.5 million per doctor last year, compared to 15 other subspecialists, who generated a combined average of more than $1.4 million, reported the physicians recruitment and consulting firm Merritt Hawkins.
The survey asked hospital chief financial officers how much revenue physicians in 18 specialties generated for their hospitals in the last 12 months for net inpatient and outpatient revenue derived from patient referrals, tests, prescriptions, and procedures.
family physicians generated an average of more than $2 million, a 22% rise from 2010, when they generated nearly $1.7 million. General internal medicine physicians rose 9%, from $1.8 million from more than $1.6 million in 2010.
The subspecialists' decline in comparison is despite the fact that some generated far more revenue than primary care: orthopedics, more than $2.6 million; invasive cardiologists, more than $2.1 million; general surgeons, more than $1.8 million; neurosurgeons, more than $1.6 million.
Primary care doctors' enrollment in accountable care organizations is one reason, a Merritt Hawkins spokesperson noted in a press release sent by e-mail.