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Data Sources: Centers for Medicare & Medicaid Services (CMS), Medicare Provider Utilization and Payment Data
Disclaimer: This site is an independent journalism project. Data analysis and editorial content are not affiliated with or endorsed by CMS or any government agency. All spending figures are based on publicly available Medicare payment records.
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Methodologyโ€ขDownload Data
  1. Home
  2. Providers
  3. Arthur Korotkin
๐Ÿ‘๏ธ
MDIndividual

Arthur Korotkin, M.D.

NPI: 1023166345
Fort Collins, CO
10 years of data
Ophthalmology
$24.2M
Total Payments
209
Beneficiaries
158.6K
Services
2.02x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$24.2M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $24.2M over 10 years
22.02x markup ratio (above median)
399th percentile in Ophthalmology by payments
463 services/day โ€” unusually high
52 procedures with >3x markup

This provider averages 63 services per working day

Based on 158.6K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $24.2M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 63 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 121% from 2014 to 2023.

AI-generated analysis based on Medicare payment data.

Annual Medicare Payments

Annual Services Provided

Avg Payment per Service

Markup Ratio Over Time

Submitted Charges vs. Medicare Payments

Average per-service amounts submitted by the provider compared to what Medicare actually paid โ€” the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2014$266.87$142.991.87x$123.88$1.7M11.7K21
2015$267.22$138.311.93x$128.91$1.7M12.2K24
2016$276.99$139.641.98x$137.35$1.9M13.6K25
2017$313.18$158.621.97x$154.56$2.1M13.3K20
2018$306.03$153.841.99x$152.19$2.4M15.8K22
2019$310.77$149.662.08x$161.11$2.4M16.0K24
2020$358.80$169.202.12x$189.60$2.7M16.2K22
2021$419.55$208.462.01x$211.09$2.8M13.4K14
2022$360.31$177.342.03x$182.97$2.7M15.4K20
2023$245.82$119.912.05x$125.91$3.7M31.0K17

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$13.0M
17.7K services$734.28/svc1.62x markup
J2778Injection, ranibizumab, 0.1 mg
$2.7M
9.6K services$284.10/svc1.87x markup
67028Injection of drug into eyeโš  3.8x markup
$2.5M
27.2K services$92.89/svc3.77x markup
J9035Injection, bevacizumab, 10 mg
$1.3M
22.9K services$55.38/svc1.98x markup
92134Imaging of retina
$1.1M
32.7K services$33.47/svc2.28x markup
J2777Injection, faricimab-svoa, 0.1 mg
$602.1K
20.7K services$29.09/svc1.55x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$337.1K
3.7K services$90.47/svc2.23x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$312.2K
3.4K services$92.39/svc1.89x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$287.9K
5.4K services$52.95/svc2.39x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retina
$211.7K
224 services$945.09/svc2.69x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina
$183.0K
182 services$1.0K/svc2.42x markup
J3490Unclassified drugsโš  4.1x markup
$179.8K
76 services$2.4K/svc4.13x markup
67041Removal of membrane of retina
$179.2K
190 services$943.09/svc2.36x markup
J7999Compounded drug, not otherwise classified
$168.7K
2.1K services$79.06/svc2.32x markup
67210Destruction of growth of retina using a laser
$136.9K
343 services$399.11/svc2.20x markup
67036Removal of eye fluid (vitreous) between lens and retina
$136.7K
196 services$697.69/svc2.35x markup
92235Exam of retinal blood vessels using a special camera after injection of a dye
$134.6K
1.7K services$78.76/svc2.31x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$120.8K
1.9K services$63.32/svc2.08x markup
92250Photography of the retina
$101.7K
2.1K services$48.93/svc2.58x markup
67145Photocoagulation treatment to prevent detachment of retina
$79.0K
214 services$369.22/svc2.39x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg17.7K$13.0M$734.281.62x
J2778Injection, ranibizumab, 0.1 mg9.6K$2.7M$284.101.87x
67028Injection of drug into eye27.2K$2.5M$92.893.77x
J9035Injection, bevacizumab, 10 mg22.9K$1.3M$55.381.98x
92134Imaging of retina32.7K$1.1M$33.472.28x
J2777Injection, faricimab-svoa, 0.1 mg20.7K$602.1K$29.091.55x
99214Established patient office or other outpatient visit, 30-39 minutes3.7K$337.1K$90.472.23x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits3.4K$312.2K$92.391.89x
99213Established patient office or other outpatient visit, 20-29 minutes5.4K$287.9K$52.952.39x
67042Removal of membrane of retina with removal of internal limiting membrane of retina224$211.7K$945.092.69x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina182$183.0K$1.0K2.42x
J3490Unclassified drugs76$179.8K$2.4K4.13x
67041Removal of membrane of retina190$179.2K$943.092.36x
J7999Compounded drug, not otherwise classified2.1K$168.7K$79.062.32x
67210Destruction of growth of retina using a laser343$136.9K$399.112.20x
67036Removal of eye fluid (vitreous) between lens and retina196$136.7K$697.692.35x
92235Exam of retinal blood vessels using a special camera after injection of a dye1.7K$134.6K$78.762.31x
92012Eye and medical examination for diagnosis and treatment, established patient1.9K$120.8K$63.322.08x
92250Photography of the retina2.1K$101.7K$48.932.58x
67145Photocoagulation treatment to prevent detachment of retina214$79.0K$369.222.39x

Markup Analysis

Charge-to-Payment Ratio

2.02x

This provider submits charges 2.02 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.02x means for every $100 Medicare pays, this provider initially charges $202. This is higher than the national average.

Location

Fort Collins, CO

Provider Verification

Always verify provider credentials and location before scheduling appointments. This data reflects Medicare payments and may not include all practice locations.

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Data Sources

  • โ€ข Centers for Medicare & Medicaid Services (CMS)
  • โ€ข Medicare Provider Utilization and Payment Data (2014-2023)
  • โ€ข National Plan and Provider Enumeration System (NPPES)

Last Updated: February 2026 (data through 2023, the latest CMS release)

Note: All data is from publicly available Medicare records. OpenMedicare is an independent journalism project not affiliated with CMS.

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