Table 6.

Benchmarking Values for Physician Income (in 2004 Dollars)

Source	Revenue ($)	Costs ($)	Compensation ($)
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

Source: Lewin Group estimates, based on a 5-physician practice.¹³