The data: Physicians bill an average of $3.8 million a year to commercial health insurers outside of Medicare or other government plans, per AMN Healthcare.
Specialties matter: Doctors who practice in diagnostic, surgical, and internal medicine subspecialties generated the highest bills.
The caveat: Doctors and hospitals don’t make what they submit in claims to health insurers. They make what the insurance company eventually pays them. Health insurers can discount some services or deny claims outright. AMN used a hypothetical collection rate of 50%, which would reduce the average collection amount for all providers to $1.9 million a year.
The real point: Quality still doesn’t compare with quantity.
Our take: Dollars are the key driver for all healthcare stakeholders, but the players’ goals are still misaligned. Physicians’ compensation rests on their productivity.
Watch for our next report, US Physicians 2023, scheduled to publish later this month.
This article originally appeared in Insider Intelligence's Digital Health Briefing—a daily recap of top stories reshaping the healthcare industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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