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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. Ryan Geraets
๐Ÿ‘๏ธ
MDIndividual

Ryan Geraets, MD

NPI: 1154441608
Sioux Falls, SD
10 years of data
Ophthalmology
$25.3M
Total Payments
194
Beneficiaries
162.5K
Services
1.49x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$25.3M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $25.3M over 10 years
299th percentile in Ophthalmology by payments
365 services/day โ€” unusually high

This provider averages 65 services per working day

Based on 162.5K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $25.3M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 65 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 77% from 2014 to 2023.

68% of their billing comes from a single procedure code (J0178 โ€” Injection, aflibercept, 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$189.37$134.461.41x$54.91$1.7M12.7K20
2015$227.84$159.681.43x$68.16$2.1M13.2K21
2016$252.16$178.221.41x$73.94$2.4M13.3K21
2017$277.42$192.291.44x$85.13$2.4M12.6K20
2018$276.87$187.991.47x$88.88$2.6M13.8K19
2019$336.68$223.781.50x$112.90$2.8M12.6K18
2020$378.02$245.371.54x$132.65$2.7M11.0K16
2021$370.34$240.511.54x$129.83$2.7M11.2K18
2022$262.28$174.441.50x$87.84$2.9M16.6K22
2023$103.42$66.341.56x$37.08$3.0M45.5K19

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$17.2M
23.1K services$741.31/svc1.45x markup
67028Injection of drug into eye
$2.1M
25.4K services$83.42/svc1.71x markup
J2777Injection, faricimab-svoa, 0.1 mg
$1.2M
40.9K services$29.03/svc1.58x markup
92134Imaging of retina
$930.9K
29.6K services$31.44/svc1.52x markup
92014Established patient complete exam of visual system
$772.6K
8.4K services$92.26/svc1.48x markup
J2778Injection, ranibizumab, 0.1 mg
$632.1K
2.1K services$295.09/svc1.55x markup
J7999Compounded drug, not otherwise classified
$627.4K
10.0K services$62.55/svc1.42x markup
J9035Injection, bevacizumab, 10 mg
$253.4K
4.7K services$53.83/svc1.57x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina
$244.6K
245 services$998.31/svc1.41x markup
J3590Unclassified biologics
$241.2K
2.4K services$101.73/svc1.37x markup
99204New patient office or other outpatient visit, 45-59 minutes
$197.0K
1.7K services$116.99/svc1.49x markup
67041Removal of membrane of retina
$163.3K
181 services$902.03/svc1.44x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retina
$123.7K
134 services$922.84/svc1.40x markup
92012Established patient problem focused exam of visual system
$86.9K
1.4K services$62.72/svc1.51x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$79.9K
1.5K services$52.65/svc1.55x markup
67036Removal of eye fluid (vitreous) between lens and retina
$60.9K
91 services$669.36/svc1.49x markup
67145Photocoagulation treatment to prevent detachment of retina
$51.7K
143 services$361.64/svc1.48x markup
67040Laser destruction of eye fluid (vitreous) between the lens and retina, all of the retina
$50.6K
59 services$857.06/svc1.51x markup
99212Established patient office or other outpatient visit, 10-19 minutes
$48.0K
1.4K services$34.34/svc1.54x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$47.4K
608 services$77.94/svc1.57x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg23.1K$17.2M$741.311.45x
67028Injection of drug into eye25.4K$2.1M$83.421.71x
J2777Injection, faricimab-svoa, 0.1 mg40.9K$1.2M$29.031.58x
92134Imaging of retina29.6K$930.9K$31.441.52x
92014Established patient complete exam of visual system8.4K$772.6K$92.261.48x
J2778Injection, ranibizumab, 0.1 mg2.1K$632.1K$295.091.55x
J7999Compounded drug, not otherwise classified10.0K$627.4K$62.551.42x
J9035Injection, bevacizumab, 10 mg4.7K$253.4K$53.831.57x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina245$244.6K$998.311.41x
J3590Unclassified biologics2.4K$241.2K$101.731.37x
99204New patient office or other outpatient visit, 45-59 minutes1.7K$197.0K$116.991.49x
67041Removal of membrane of retina181$163.3K$902.031.44x
67042Removal of membrane of retina with removal of internal limiting membrane of retina134$123.7K$922.841.40x
92012Established patient problem focused exam of visual system1.4K$86.9K$62.721.51x
99213Established patient office or other outpatient visit, 20-29 minutes1.5K$79.9K$52.651.55x
67036Removal of eye fluid (vitreous) between lens and retina91$60.9K$669.361.49x
67145Photocoagulation treatment to prevent detachment of retina143$51.7K$361.641.48x
67040Laser destruction of eye fluid (vitreous) between the lens and retina, all of the retina59$50.6K$857.061.51x
99212Established patient office or other outpatient visit, 10-19 minutes1.4K$48.0K$34.341.54x
99214Established patient office or other outpatient visit, 30-39 minutes608$47.4K$77.941.57x

Markup Analysis

Charge-to-Payment Ratio

1.49x

This provider submits charges 1.49 times higher than what Medicare actually pays.

What This Means

A markup ratio of 1.49x means for every $100 Medicare pays, this provider initially charges $149. This is lower than the national average.

Location

Sioux Falls, SD

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 SD for peer comparison.

Ryan Geraets (you)
$25.3M
Prema Abraham, MD
$39.1M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Prema Abraham, MDRapid City, SD$39.1Mโœ“ 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.

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