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Average annual hospital revenue generated by oncologists and hematologists rose 18.5% from 2010 to 2013, according to a survey by physician job placement firm Merritt Hawkins.
Although "services provided by hematologists/oncologists have seen significant cuts" in the last few years, the survey authors noted, "new, more sophisticated and more expensive chemotherapy drugs have come into use, and Medicare generally does not deny payment for the use of these drugs."
Average revenue of $1.76 million was reported for hematologists/oncologists in 2013. That compares with almost $1.42 million for all specialists and $1.57 million for all primary care physicians. The specialists’ average is the lowest Merritt Hawkins has reported since it started the survey in 2002 and is lower than the primary care average for the first time ever, the report noted.
The average net revenue generated for all physicians was $1.45 million – a drop of 6.2% from 2010 and, again, the lowest average since 2002, Merritt Hawkins said in its analysis.
The survey was sent to 5,500 hospitals in January 2013 and completed by 102 hospital chief financial officers.
Average annual hospital revenue generated by oncologists and hematologists rose 18.5% from 2010 to 2013, according to a survey by physician job placement firm Merritt Hawkins.
Although "services provided by hematologists/oncologists have seen significant cuts" in the last few years, the survey authors noted, "new, more sophisticated and more expensive chemotherapy drugs have come into use, and Medicare generally does not deny payment for the use of these drugs."
Average revenue of $1.76 million was reported for hematologists/oncologists in 2013. That compares with almost $1.42 million for all specialists and $1.57 million for all primary care physicians. The specialists’ average is the lowest Merritt Hawkins has reported since it started the survey in 2002 and is lower than the primary care average for the first time ever, the report noted.
The average net revenue generated for all physicians was $1.45 million – a drop of 6.2% from 2010 and, again, the lowest average since 2002, Merritt Hawkins said in its analysis.
The survey was sent to 5,500 hospitals in January 2013 and completed by 102 hospital chief financial officers.
Average annual hospital revenue generated by oncologists and hematologists rose 18.5% from 2010 to 2013, according to a survey by physician job placement firm Merritt Hawkins.
Although "services provided by hematologists/oncologists have seen significant cuts" in the last few years, the survey authors noted, "new, more sophisticated and more expensive chemotherapy drugs have come into use, and Medicare generally does not deny payment for the use of these drugs."
Average revenue of $1.76 million was reported for hematologists/oncologists in 2013. That compares with almost $1.42 million for all specialists and $1.57 million for all primary care physicians. The specialists’ average is the lowest Merritt Hawkins has reported since it started the survey in 2002 and is lower than the primary care average for the first time ever, the report noted.
The average net revenue generated for all physicians was $1.45 million – a drop of 6.2% from 2010 and, again, the lowest average since 2002, Merritt Hawkins said in its analysis.
The survey was sent to 5,500 hospitals in January 2013 and completed by 102 hospital chief financial officers.
