Benchmarking Values for Physician Income (in 2004 Dollars)
| Source | Revenue ($) | Costs ($) | Compensation ($) |
|---|---|---|---|
| Source: Lewin Group estimates, based on a 5-physician practice.13 | |||
| Payer | |||
| Commercial | 1,003,213 | 529,965 | 473,248 |
| Medicare | 609,576 | 322,019 | 287,557 |
| Medicaid | 287,918 | 152,098 | 135,820 |
| Self-pay | 348,650 | 184,181 | 164,470 |
| Total for practice | 2,249,357 | 1,188,262 | 1,061,095 |
| Bad debt | 43,862 | — | — |
| Charity care | 179,949 | — | — |
| Net for practice | 2,025,546 | 1,188,262 | 837,284 |
| Total compensation per physician | 405,109 | 237,652 | 167,457 |
| Income per physician | — | — | 142,338 |
| Benefits per physician | — | — | 25,119 |