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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. Amol Kulkarni
๐Ÿ‘๏ธ
MDIndividual

Amol Kulkarni, MD

NPI: 1093754723
Madison, WI
10 years of data
Ophthalmology
$7.6M
Total Payments
30.5K
Beneficiaries
73.4K
Services
6.69x
Markup Ratio

Peer Comparison

97th
percentile in specialty
This provider$7.6M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $7.6M over 10 years
26.69x markup ratio (above median)
397th percentile in Ophthalmology by payments
415 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $7.6M in total Medicare payments ranks in the 97th percentile of Ophthalmology providers nationally.

Their average markup ratio of 6.69x is significantly above the specialty median of 2.9x.

Medicare payments to this provider grew 146% 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$1.7K$223.487.76x$1.5K$451.7K4.8K2.1K
2015$2.1K$219.919.59x$1.9K$572.4K5.7K2.3K
2016$3.0K$250.9311.81x$2.7K$615.7K6.1K2.5K
2017$1.7K$181.069.52x$1.5K$597.0K6.6K2.7K
2018$2.4K$246.399.88x$2.2K$621.8K7.2K2.7K
2019$2.1K$200.9110.48x$1.9K$664.1K7.6K3.1K
2020$2.5K$226.8310.96x$2.3K$734.6K7.7K3.2K
2021$2.8K$252.6511.10x$2.6K$1.0M8.8K3.7K
2022$3.0K$331.709.10x$2.7K$1.2M9.4K3.9K
2023$2.1K$182.9811.65x$1.9K$1.1M9.5K4.2K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$3.1M
4.2K services$738.11/svc2.93x markup
67028Injection of drug into eyeโš  19.6x markup
$1.1M
13.1K services$85.85/svc19.64x markup
99213Established patient office or other outpatient visit, typically 15 minutesโš  3.6x markup
$682.3K
13.1K services$52.23/svc3.61x markup
92134Diagnostic imaging of retinaโš  5.6x markup
$616.1K
21.3K services$28.91/svc5.61x markup
99214Established patient office or other outpatient, visit typically 25 minutesโš  3.5x markup
$560.1K
6.4K services$87.26/svc3.51x markup
J9035Injection, bevacizumab, 10 mg
$466.0K
9.3K services$49.85/svc1.78x markup
67042Removal of membrane from the retina, pars plana approachโš  13.2x markup
$209.8K
239 services$877.71/svc13.15x markup
67108Repair of detached retina and drainage of eye fluid between lens and retinaโš  14.0x markup
$101.8K
110 services$925.41/svc13.97x markup
67145Preventive retinal detachment treatment by heat or laser, 1 or more sessionsโš  13.7x markup
$94.1K
268 services$350.95/svc13.72x markup
65800Aspiration of eye fluidโš  13.8x markup
$75.4K
790 services$95.45/svc13.81x markup
J3590Unclassified biologics
$65.7K
32 services$2.1K/svc2.43x markup
67113Repair of detached retina and drainage of eye fluid between lens and retinaโš  12.7x markup
$57.6K
59 services$976.13/svc12.67x markup
67228Laser destruction of leaking retinal blood vessels, 1 or more sessionsโš  17.3x markup
$55.5K
104 services$533.89/svc17.31x markup
99204New patient office or other outpatient visit, typically 45 minutesโš  3.9x markup
$39.8K
338 services$117.62/svc3.94x markup
92235Examination of retinal blood vessels by ophthalmoscopeโš  8.8x markup
$39.1K
486 services$80.55/svc8.81x markup
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits
$36.2K
330 services$109.74/svc2.60x markup
99203New patient office or other outpatient visit, typically 30 minutesโš  3.8x markup
$33.5K
465 services$72.04/svc3.83x markup
76512Ultrasound of eye disease, growth, or structureโš  17.3x markup
$29.3K
605 services$48.38/svc17.33x markup
67036Removal of eye fluid (vitreous) between the lens and retinaโš  13.0x markup
$27.0K
40 services$675.52/svc12.96x markup
J2778Injection, ranibizumab, 0.1 mg
$24.9K
80 services$310.85/svc2.30x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg4.2K$3.1M$738.112.93x
67028Injection of drug into eye13.1K$1.1M$85.8519.64x
99213Established patient office or other outpatient visit, typically 15 minutes13.1K$682.3K$52.233.61x
92134Diagnostic imaging of retina21.3K$616.1K$28.915.61x
99214Established patient office or other outpatient, visit typically 25 minutes6.4K$560.1K$87.263.51x
J9035Injection, bevacizumab, 10 mg9.3K$466.0K$49.851.78x
67042Removal of membrane from the retina, pars plana approach239$209.8K$877.7113.15x
67108Repair of detached retina and drainage of eye fluid between lens and retina110$101.8K$925.4113.97x
67145Preventive retinal detachment treatment by heat or laser, 1 or more sessions268$94.1K$350.9513.72x
65800Aspiration of eye fluid790$75.4K$95.4513.81x
J3590Unclassified biologics32$65.7K$2.1K2.43x
67113Repair of detached retina and drainage of eye fluid between lens and retina59$57.6K$976.1312.67x
67228Laser destruction of leaking retinal blood vessels, 1 or more sessions104$55.5K$533.8917.31x
99204New patient office or other outpatient visit, typically 45 minutes338$39.8K$117.623.94x
92235Examination of retinal blood vessels by ophthalmoscope486$39.1K$80.558.81x
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits330$36.2K$109.742.60x
99203New patient office or other outpatient visit, typically 30 minutes465$33.5K$72.043.83x
76512Ultrasound of eye disease, growth, or structure605$29.3K$48.3817.33x
67036Removal of eye fluid (vitreous) between the lens and retina40$27.0K$675.5212.96x
J2778Injection, ranibizumab, 0.1 mg80$24.9K$310.852.30x

Markup Analysis

Charge-to-Payment Ratio

6.69x

This provider submits charges 6.69 times higher than what Medicare actually pays.

What This Means

A markup ratio of 6.69x means for every $100 Medicare pays, this provider initially charges $669. This is higher than the national average.

Location

Madison, WI

Provider Verification

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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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