Physician-Generated Revenue and Average Salaries by Specialty

Merritt Hawkins' "2010 Inpatient-Outpatient Survey" has compiled average numbers nationally for physician's salaries and also the revenue generated from a certain specialty to the hospital.

Another factor important to mention is community need and competition in the area. In considering a new position it's important for physicians also to be aware of other physicians in the area practicing the same specialty; sometimes hospitals think there is a need for a certain specialty but don't consider competition in the area. They think that they can add another physician and bring a certain amount of revenue in to the facility just by adding a given specialty, but the physician finds themselves at war with other physicians in the area or there isn't enough volume in the community to add another provider.

However here are the results from Merritt Hawkins' survey.

Neurosurgery: $2,815,650 revenue; $571,000 salary
Cardiology (invasive): $2,240,366 revenue; $475,000 salary
Orthopedic surgery: $2,117,764 revenue; $481,000 salary
General surgery: $2,112,492 revenue; $321,000 salary
Internal medicine: $1,678,341 revenue; $186,000 salary
Family practice: $1,622,832 revenue; $173,000 salary
Hematology/Oncology: $1,485,627 revenue; $335,000 salary
Gastroenterology: $1,450,540 revenue; $393,000 salary
Urology: $1,382,704 revenue; $401,000 salary
OB/GYN: $1,364,131 revenue; $266,000 salary
Cardiology (non-invasive): $1,319,658 revenue; $419,000 salary
Psychiatry: $1,290,104 revenue; $200,000 salary
Pulmonology: $1,204,919 revenue; $293,000 salary
Neurology: $907,317 revenue; $258,000 salary
Pediatrics: $856,154 revenue; $171,000 salary
Ophthalmology: $842,711 revenue; $282,000 salary
Nephrology: $696,888 revenue; $240,000 salary

Do you consider this to be accurate? Please post your opinions.

Read the full article in Becker's Hospital Review, or click here:
http://www.beckershospitalreview.com/lists-and-statistics/physician-generated-revenue-and-average-salaries-by-specialty.html