Profit Per FTE Physician, Small Practices, 1998-99

Physician Compensation Report, Oct 25, 2000

Specialty                       Practices (1999)   FTEs per practice
                                                       (mean, 1999)

Primary Specialties
Family Practice w/o OB                        86                 4.0
Family Practice w/ OB                         64                 4.2
Internal Medicine                             66                 4.1
Pediatrics                                    70                 4.0

Secondary Specialties

Allergy/Immunology                             8                 3.6
Anesthesiology w/o CRNAs                      19                 6.8
Cardiology - Invasive                         15                 4.8
Dermatology                                   30                 2.8
Emergency Medicine                             8                 8.5
Gastroenterology                              40                 4.1
General Surgery                               55                 3.3
Hematology/Oncology                           16                 3.6
Neurology                                     13                 5.2
Neurosurgery                                  12                 2.9
Ob/Gyn                                        94                 3.9
Ophthalmology w/o Dispensing                  22                 3.1
Ophthalmology w/Dispensing                    32                 3.2
Orthopedic Surgery                            60                 4.4
Otolaryngology                                34                 4.4
Pathology                                     11                 5.1
Pulmonary Disease                             15                 3.5
Radiology - Diagnostic                        33                 6.1
Urology                                       46                 3.1

Specialty                        Profit per FTE      Profit per FTE
                                         (1999)              (1998)

Primary Specialties
Family Practice w/o OB                       136                 148
Family Practice w/ OB                        150                 144
Internal Medicine                            178                 169
Pediatrics                                   169                 169

Secondary Specialties

Allergy/Immunology                           403                 326
Anesthesiology w/o CRNAs                     347                 254
Cardiology - Invasive                        496                 378[*]
Dermatology                                  373                 327
Emergency Medicine                           239                 217
Gastroenterology                             443                 368
General Surgery                              259                 272
Hematology/Oncology                          457                 377
Neurology                                    227                 193
Neurosurgery                                 408                 342
Ob/Gyn                                       260                 267
Ophthalmology w/o Dispensing                 275                 293
Ophthalmology w/Dispensing                   232                 242
Orthopedic Surgery                           390                 369
Otolaryngology                               274                 282
Pathology                                    408                 355
Pulmonary Disease                            262                 264
Radiology - Diagnostic                       498                 425
Urology                                      358                 319

Specialty                           Pct. change
                                      (1998-99)

Primary Specialties
Family Practice w/o OB                        -8
Family Practice w/ OB                          4
Internal Medicine                              5
Pediatrics                                     0

Secondary Specialties

Allergy/Immunology                            24
Anesthesiology w/o CRNAs                      37
Cardiology - Invasive                         31
Dermatology                                   14
Emergency Medicine                            10
Gastroenterology                              20
General Surgery                               -5
Hematology/Oncology                           21
Neurology                                     18
Neurosurgery                                  19
Ob/Gyn                                        -2
Ophthalmology w/o Dispensing                  -7
Ophthalmology w/Dispensing                    -4
Orthopedic Surgery                             6
Otolaryngology                                -3
Pathology                                     15
Pulmonary Disease                             -1
Radiology - Diagnostic                        17
Urology                                       12

SOURCE: Medical and Dental Income and Expense Averages: 2000 Report
Based on 1999 Data and 1999 Report Based on 1998 Data, National
Association of Healthcare Consultants ((202) 452-8282, www. healthcon.org),
PM Holdings, LLC ((810) 234-8852, www. thepmgroup.com), and
Society of Medical-Dental Management Consultants ((800) 826-2264,
www. smdmc.org), August 2000. FTE = full-time equivalent physicians.
[*] 1998 cardiology figure includes invasive and non-invasive.
Profit figures are means (not medians), rounded off to nearest thousand
dollars; they reflect revenues minus all expenses except physician
compensation (regular income, bonuses and benefits). Data are for
medical groups (non-solo practices) covered in survey. Survey samples
(including solo practitioners) are 2,282 nonsurgical providers, and
2,524 surgical providers, all in single specialty practices.
Year-to-year volatility is caused partly by small sample sizes.
See p. 8 for further explanation of data.