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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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ยฉ 2026 OpenMedicare. Independent data journalism. Built by TheDataProject.ai

Methodologyโ€ขDownload Data
  1. Home
  2. Providers
  3. Richard Kaiser
๐Ÿ‘๏ธ
MDIndividual

Richard Kaiser, MD

NPI: 1124076930
Plymouth Meeting, PA
10 years of data
Ophthalmology
$75.2M
Total Payments
172
Beneficiaries
359.3K
Services
3.39x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$75.2M
Specialty median$383.7K
Rank #5 of 189 in specialty

๐Ÿ“‹ Key Findings

1Billed $75.2M over 10 years
23.39x markup ratio (above median)
399th percentile in Ophthalmology by payments
4144 services/day โ€” unusually high
514 procedures with >3x markup

This provider averages 144 services per working day

Based on 359.3K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $75.2M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 144 services per working day raises questions about billing patterns.

70% of their billing comes from a single procedure code (J2778 โ€” Injection, ranibizumab, 0.1 mg).

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$673.00$218.163.08x$454.84$7.3M33.7K20
2015$707.48$226.963.12x$480.52$7.8M34.6K21
2016$719.08$227.003.17x$492.08$8.6M37.7K18
2017$734.36$228.893.21x$505.47$8.1M35.4K17
2018$678.68$211.463.21x$467.22$8.3M39.2K18
2019$690.62$207.703.33x$482.92$7.8M37.4K16
2020$721.49$208.103.47x$513.39$6.8M32.7K16
2021$738.15$206.523.57x$531.63$7.2M34.8K15
2022$741.64$189.193.92x$552.45$6.7M35.5K15
2023$688.51$172.274.00x$516.24$6.6M38.4K16

Top Procedures (20)

J2778Injection, ranibizumab, 0.1 mgโš  3.3x markup
$52.7M
190.5K services$276.47/svc3.26x markup
J0178Injection, aflibercept, 1 mgโš  3.3x markup
$10.7M
14.5K services$738.69/svc3.29x markup
67028Injection of drug into eyeโš  4.9x markup
$3.9M
40.4K services$95.71/svc4.89x markup
92012Established patient problem focused exam of visual system
$1.9M
28.6K services$66.71/svc2.76x markup
Q5128Injection, ranibizumab-eqrn (cimerli), biosimilar, 0.1 mgโš  3.7x markup
$1.7M
8.0K services$216.42/svc3.70x markup
92134Imaging of retinaโš  4.4x markup
$1.7M
51.3K services$32.95/svc4.39x markup
92014Established patient complete exam of visual system
$890.0K
9.8K services$90.73/svc2.88x markup
99204New patient office or other outpatient visit, 45-59 minutes
$388.0K
3.1K services$123.40/svc2.80x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retinaโš  6.1x markup
$217.8K
217 services$1.0K/svc6.08x markup
92250Photography of the retinaโš  4.0x markup
$143.4K
2.7K services$53.88/svc3.99x markup
92235Exam of retinal blood vessels using a special camera after injection of a dyeโš  5.3x markup
$137.2K
1.7K services$82.73/svc5.25x markup
J3490Unclassified drugsโš  3.1x markup
$111.4K
57 services$2.0K/svc3.07x markup
J2777Injection, faricimab-svoa, 0.1 mg
$103.2K
3.5K services$29.16/svc2.50x markup
67228Laser destruction of leaking retinal blood vessels, 1 or more sessionsโš  7.4x markup
$94.4K
155 services$609.19/svc7.37x markup
J9035Injection, bevacizumab, 10 mgโš  3.3x markup
$76.3K
1.4K services$56.52/svc3.32x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$73.9K
969 services$76.26/svc2.91x markup
67145Photocoagulation treatment to prevent detachment of retinaโš  5.8x markup
$60.0K
156 services$384.62/svc5.84x markup
67113Repair of detached retina and drainage of eye fluid between lens and retinaโš  5.4x markup
$56.3K
41 services$1.4K/svc5.40x markup
92004New patient complete exam of visual system
$53.7K
479 services$112.05/svc2.86x markup
67210Laser destruction of retinal growth, 1 or more sessionsโš  5.2x markup
$49.4K
114 services$433.74/svc5.19x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J2778Injection, ranibizumab, 0.1 mg190.5K$52.7M$276.473.26x
J0178Injection, aflibercept, 1 mg14.5K$10.7M$738.693.29x
67028Injection of drug into eye40.4K$3.9M$95.714.89x
92012Established patient problem focused exam of visual system28.6K$1.9M$66.712.76x
Q5128Injection, ranibizumab-eqrn (cimerli), biosimilar, 0.1 mg8.0K$1.7M$216.423.70x
92134Imaging of retina51.3K$1.7M$32.954.39x
92014Established patient complete exam of visual system9.8K$890.0K$90.732.88x
99204New patient office or other outpatient visit, 45-59 minutes3.1K$388.0K$123.402.80x
67042Removal of membrane of retina with removal of internal limiting membrane of retina217$217.8K$1.0K6.08x
92250Photography of the retina2.7K$143.4K$53.883.99x
92235Exam of retinal blood vessels using a special camera after injection of a dye1.7K$137.2K$82.735.25x
J3490Unclassified drugs57$111.4K$2.0K3.07x
J2777Injection, faricimab-svoa, 0.1 mg3.5K$103.2K$29.162.50x
67228Laser destruction of leaking retinal blood vessels, 1 or more sessions155$94.4K$609.197.37x
J9035Injection, bevacizumab, 10 mg1.4K$76.3K$56.523.32x
99214Established patient office or other outpatient visit, 30-39 minutes969$73.9K$76.262.91x
67145Photocoagulation treatment to prevent detachment of retina156$60.0K$384.625.84x
67113Repair of detached retina and drainage of eye fluid between lens and retina41$56.3K$1.4K5.40x
92004New patient complete exam of visual system479$53.7K$112.052.86x
67210Laser destruction of retinal growth, 1 or more sessions114$49.4K$433.745.19x

Markup Analysis

Charge-to-Payment Ratio

3.39x

This provider submits charges 3.39 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.39x means for every $100 Medicare pays, this provider initially charges $339. This is higher than the national average.

Location

Plymouth Meeting, PA

Provider Verification

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

Similar Providers

Other Ophthalmology providers in PA for peer comparison.

Richard Kaiser (you)
$75.2M
Allen Ho, MD
$67.7M
Carl Regillo, MD
$63.5M
Marc Spirn, MD
$63.4M
Mitchell Fineman, MD
$61.7M
Omesh Gupta, MD
$61.7M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Allen Ho, MDPlymouth Meeting, PA$67.7Mโœ“ Clear
Carl Regillo, MDPlymouth Meeting, PA$63.5Mโœ“ Clear
Marc Spirn, MDPlymouth Meeting, PA$63.4Mโœ“ Clear
Mitchell Fineman, MDPlymouth Meeting, PA$61.7Mโœ“ Clear
Omesh Gupta, MDPlymouth Meeting, PA$61.7Mโœ“ Clear

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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.

Believe this data is inaccurate? Dispute this data