A new survey that shows a “seismic shift” in medicine provides primary care physicians (PCPs) with a strong argument that they should be compensated more generously by hospitals.
Those numbers represent a big change from 2002, when Merritt Hawkins first conducted the survey. At that time, PCPs generated $1.27 million annually for affiliated hospitals, whereas specialists generated $1.59 million. So over the past decade, primary care’s generated revenues have jumped 23%, whereas specialists’ have declined 10%.
“A seismic shift is taking place in medicine, away from specialists and toward primary care physicians” Mark Smith, president of Merritt Hawkins, said in a statement.
Read the full article here to find out what the company attributed the revenue shift to.