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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. Adam Cole
๐Ÿ”ฌ
MDIndividual

Adam Cole, M.D.

NPI: 1144431883
Little Rock, AR
10 years of data
Pathology
$3.3M
Total Payments
24.1K
Beneficiaries
25.8K
Services
3.56x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$3.3M
Specialty median$84.1K

๐Ÿ“‹ Key Findings

1Billed $3.3M over 10 years
23.56x markup ratio (above median)
399th percentile in Pathology by payments
4Payments surged 1150% in 2015
514 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $3.3M in total Medicare payments ranks in the 99th percentile of Pathology providers nationally.

Medicare payments to this provider grew 4055% from 2014 to 2023.

74% of their billing comes from a single procedure code (G0416 โ€” Surgical pathology, gross and microscopic examinations, for prostate needle biopsy, any method).

AI-generated analysis based on Medicare payment data.

Annual Medicare Payments

Annual Services Provided

Avg Payment per Service

Markup Ratio Over Time

๐Ÿ“ˆ

Notable: Payments increased 1150% in 2015

Year-over-year payment surges can indicate changes in practice volume, new services, or billing pattern shifts.

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$64.33$24.412.64x$39.92$9.1K368217
2015$183.28$77.012.38x$106.27$113.4K605579
2016$167.26$65.352.56x$101.91$296.4K2.5K1.8K
2017$299.99$72.044.16x$227.95$210.6K1.7K1.6K
2018$381.11$59.686.39x$321.43$300.5K2.7K2.5K
2019$470.36$79.765.90x$390.60$310.3K2.8K2.7K
2020$494.48$69.787.09x$424.70$257.8K2.7K2.6K
2021$426.33$101.484.20x$324.85$662.9K5.2K4.9K
2022$309.02$77.753.97x$231.27$767.6K4.9K4.9K
2023$236.72$58.624.04x$178.10$376.8K2.3K2.2K

Top Procedures (20)

G0416Surgical pathology, gross and microscopic examinations, for prostate needle biopsy, any methodโš  3.1x markup
$2.5M
9.9K services$246.72/svc3.06x markup
88344Special stained specimen slides to examine tissueโš  3.8x markup
$426.3K
4.4K services$97.08/svc3.76x markup
88305Pathology examination of tissue using a microscope, intermediate complexityโš  6.1x markup
$117.3K
3.1K services$37.52/svc6.11x markup
88112Cell examination of specimenโš  6.6x markup
$69.4K
2.7K services$25.89/svc6.57x markup
88342Tissue or cell analysis by immunologic techniqueโš  3.2x markup
$62.6K
1.1K services$57.16/svc3.23x markup
88120Cell examination of urineโš  17.1x markup
$41.9K
610 services$68.74/svc17.14x markup
88341Special stained specimen slides to examine tissueโš  4.1x markup
$35.1K
624 services$56.21/svc4.09x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$27.4K
537 services$51.06/svc2.21x markup
88121Cell examination of urineโš  6.2x markup
$21.8K
119 services$182.78/svc6.16x markup
96372Injection beneath the skin or into muscle for therapy, diagnosis, or preventionโš  3.4x markup
$9.7K
557 services$17.49/svc3.42x markup
88108Cell examination of specimenโš  8.8x markup
$9.6K
498 services$19.34/svc8.85x markup
88360Microscopic genetic analysis of tumorโš  3.1x markup
$8.7K
215 services$40.38/svc3.10x markup
88312Special stained specimen slides to identify organisms including interpretation and report
$8.1K
120 services$67.14/svc2.52x markup
88304Pathology examination of tissue using a microscope, moderately low complexity
$3.8K
119 services$31.58/svc2.56x markup
88377Microscopic genetic examination manualโš  7.4x markup
$3.7K
72 services$51.73/svc7.38x markup
88313Special stained specimen slides to examine tissue including interpretation and reportโš  5.1x markup
$2.9K
297 services$9.73/svc5.06x markup
88311Preparation of tissue for examination by removing any calcium present
$1.8K
119 services$15.28/svc2.49x markup
99195Therapeutic removal of whole blood to correct blood level imbalance
$831.69
13 services$63.98/svc2.58x markup
99203New patient office or other outpatient visit, typically 30 minutes
$740.12
12 services$61.68/svc2.72x markup
J1080Injection, testosterone cypionate, 1 cc, 200 mgโš  5.1x markup
$459.98
117 services$3.93/svc5.09x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
G0416Surgical pathology, gross and microscopic examinations, for prostate needle biopsy, any method9.9K$2.5M$246.723.06x
88344Special stained specimen slides to examine tissue4.4K$426.3K$97.083.76x
88305Pathology examination of tissue using a microscope, intermediate complexity3.1K$117.3K$37.526.11x
88112Cell examination of specimen2.7K$69.4K$25.896.57x
88342Tissue or cell analysis by immunologic technique1.1K$62.6K$57.163.23x
88120Cell examination of urine610$41.9K$68.7417.14x
88341Special stained specimen slides to examine tissue624$35.1K$56.214.09x
99213Established patient office or other outpatient visit, typically 15 minutes537$27.4K$51.062.21x
88121Cell examination of urine119$21.8K$182.786.16x
96372Injection beneath the skin or into muscle for therapy, diagnosis, or prevention557$9.7K$17.493.42x
88108Cell examination of specimen498$9.6K$19.348.85x
88360Microscopic genetic analysis of tumor215$8.7K$40.383.10x
88312Special stained specimen slides to identify organisms including interpretation and report120$8.1K$67.142.52x
88304Pathology examination of tissue using a microscope, moderately low complexity119$3.8K$31.582.56x
88377Microscopic genetic examination manual72$3.7K$51.737.38x
88313Special stained specimen slides to examine tissue including interpretation and report297$2.9K$9.735.06x
88311Preparation of tissue for examination by removing any calcium present119$1.8K$15.282.49x
99195Therapeutic removal of whole blood to correct blood level imbalance13$831.69$63.982.58x
99203New patient office or other outpatient visit, typically 30 minutes12$740.12$61.682.72x
J1080Injection, testosterone cypionate, 1 cc, 200 mg117$459.98$3.935.09x

Markup Analysis

Charge-to-Payment Ratio

3.56x

This provider submits charges 3.56 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.56x means for every $100 Medicare pays, this provider initially charges $356. This is higher than the national average.

Location

Little Rock, AR

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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