Physicians Generate Almost $2.4 Million for Their Hospitals, Up 52 percent Since 2016

Physicians Generate Almost $2.4 Million for Their Hospitals, Up 52 percent Since 2016: A survey from Dallas-based Merritt Hawkins shows that physicians generate $2,378,727 each year in revenue for their affiliated hospitals. The data helps explain the rapid purchasing of physician groups by hospital systems over the last several years. Merritt Hawkins, a physician search firm, asked hospital chief financial officers to calculate the financial impact of 18 different specialities over the last year. The revenue includes inpatient and outpatient services that result from hospital admissions, tests, treatments, prescriptions and procedures. These hospital referrals are big business for health systems, leading some systems to move into illegal behavior, as in the Forest Park Medical Center case where referrals were allegedly purchased with kickbacks for physicians. Cardiovascular surgeons were the most profitable specialty measured, generating $3.7 million a year for their hospital, while invasive cardiologists brought home $3.5 million. Neurosurgeons made $3.4 million a year