| Market Watch is a section of Recruiting Physicians Today, an advertising service of the publishing division of the Massachusetts Medical Society. Distributed six times per year, the free newsletter features articles by physician recruiting firms and other independent groups involved in physician employment. The data and observations in the Market Watch section should not be construed as content coming from the New England Journal of Medicine, nor do they represent the views of the New England Journal of Medicine or the Massachusetts Medical Society. |
Average Inpatient/Outpatient Revenue Generated
July–Aug. 2007
Source: 2007 Physician Inpatient/Outpatient Revenue Survey, conducted by Merritt, Hawkins & Associates and available at www.merritthawkins.com.
Physicians are key drivers of both quality care and revenue in most specialties, relative to their own compensation. Effective physician recruiting is central to maintaining both the services hospitals provide and their long-term financial viability.
Specialty
|
Average Revenue
Generated
|
Average Starting
Salary
|
| Cardiology (invasive) |
$2,662,600 |
$342,000 |
| Orthopedic Surgery |
$2,312,168 |
$370,000 |
| Cardiology (non-invasive) |
$2,240,286 |
$342,000 |
| Neurosurgery |
$2,100,000 |
$489,000 |
| Internal Medicine |
$1,987,253 |
$162,000 |
| General Surgery |
$1,947,934 |
$272,000 |
| Hematology/Oncology |
$1,624,246 |
$275,000 |
| Family Practice |
$1,615,828 |
$145,000 |
| Obstetrics and Gynecology |
$1,413,426 |
$234,000 |
| Gastroenterology |
$1,336,133 |
$315,000 |
| Pulmonology |
$1,332,534 |
$248,000 |
| Urology |
$1,272,563 |
$320,000 |
| Psychiatry |
$888,911 |
$174,000 |
| Nephrology |
$865,214 |
$225,000 |
| Pediatrics |
$697,516 |
$151,000 |
| Ophthalmology |
$584,310 |
N/A |
| Neurology |
$557,916 |
$210,000 |
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