General and orthopedic surgeons and intensivists earn the highest net reimbursements from private US insurers, a new report estimates.
Among 18 physician specialties overall, the report estimated that the average net reimbursement in 2021 was $1.9 million.
Surprisingly, Murphy said, there's a"a really large swing" among reimbursement levels for individual specialties. The quartile of cardiologists with the lowest level of reimbursement, for example, submitted $2.1 million in claims in 2021, netting about $1 million at a 50% denial rate vs the $7.3 million made by those in the highest quartile, netting about $3.6 million.
The quartile of general surgeons with the highest reimbursement levels billed for $21.1 million on average in 2021, making about $10.5 million at a 50% denial rate. The lowest quartile billed for $5.5 million, making about $2.7 million at a 50% denial rate.
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