What Are Doctors Worth to Hospitals

As a physician, what are you worth to the hospital where you practice or wish to practice? That figure may be useful if you wish to sell your practice to the hospital, or if the hospital approaches you for employment. It may be useful in other negotiations with the hospital as well. The answer will depend on a number of factors – your age, your specialty, your past performance, and the section of the country in which you wish to practice.

To find some of the answers, Merritt Hawkins & Associates, the nation’s largest physician recruiting firm, recently conducted a survey of U.S. hospitals, and 114 hospitals responded.

In terms of annual revenues, the average doctor is worth $1.54 million a year. Revenue is defined as net inpatient and outpatient dollars from referrals, tests, and procedures done in the hospital. Also included below are the average annual salaries of the specialty.

Specialty, annual salary
• Neurosurgery, $2,815,650, $571,000
• Cardiology, invasive, $2,240, 366, $475,000
• Orthopedic surgery, $2,117,764, $481,000
• General surgery, $2,112,492, $321,000
• Internal Medicine, $1,678, 341, $186,000
• Family Practice, $1,622,832, $173,000
• Hematology/Oncology, $1,485,627, $335,000
• Gastroenterology, $1,459,540, $393,000
• Urology, $1,382,704, $401,000
• OB/GYN, $1,364,131, $266,000
• Cardiology, non-invasive, $1,319, 658, $419,000
• Psychiatry , $1,290,000, $200,000
• Pulmonology, $1,204,919, $293,000
• Neurology, $907, 317, $$258,000
• Pediatrics, $856, 154, $171,000
• Ophthalmology, $842,711, $282,000
• Nephrology, $696, 888, $240,000