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
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