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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. Raj Patel
๐Ÿ‘๏ธ
MDIndividual

Raj Patel, MD

NPI: 1164715553
Hendersonville, NC
7 years of data
Ophthalmology
$14.5M
Total Payments
100
Beneficiaries
122.4K
Services
1.96x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$14.5M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $14.5M over 7 years
21.96x markup ratio
399th percentile in Ophthalmology by payments
470 services/day โ€” unusually high
5Payments surged 878% in 2018
68 procedures with >3x markup

This provider averages 70 services per working day

Based on 122.4K total services over 7 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $14.5M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 70 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 3036% from 2017 to 2023.

70% 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

๐Ÿ“ˆ

Notable: Payments increased 878% in 2018

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
2017$305.18$135.112.26x$170.07$124.8K92413
2018$386.51$198.121.95x$188.39$1.2M6.2K16
2019$426.02$219.751.94x$206.27$1.9M8.4K17
2020$473.04$241.821.96x$231.22$1.9M7.8K13
2021$504.64$262.421.92x$242.22$2.5M9.4K13
2022$520.68$265.401.96x$255.28$3.0M11.3K13
2023$99.14$49.981.98x$49.16$3.9M78.3K15

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$10.1M
13.9K services$726.57/svc1.66x markup
J2777Injection, faricimab-svoa, 0.1 mg
$2.0M
67.9K services$28.94/svc1.73x markup
67028Injection of drug into eyeโš  4.9x markup
$708.9K
9.1K services$77.93/svc4.90x markup
92134Imaging of retinaโš  3.4x markup
$476.4K
16.0K services$29.77/svc3.36x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$235.9K
4.2K services$56.71/svc2.07x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$175.9K
2.9K services$60.35/svc1.71x markup
J2778Injection, ranibizumab, 0.1 mg
$155.0K
594 services$260.95/svc1.90x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$124.4K
791 services$157.33/svc1.81x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retinaโš  4.9x markup
$117.6K
134 services$877.52/svc4.86x markup
67145Photocoagulation treatment to prevent detachment of retinaโš  4.1x markup
$107.5K
323 services$332.86/svc4.09x markup
99204New patient office or other outpatient visit, 45-59 minutes
$66.7K
608 services$109.69/svc2.32x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$59.8K
701 services$85.29/svc2.01x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retinaโš  3.4x markup
$47.3K
52 services$909.39/svc3.44x markup
92201Extended exam of the back part of the eye with retinal drawingโš  4.2x markup
$37.0K
2.2K services$17.13/svc4.20x markup
92225Examination of eye by ophthalmoscope with retinal drawingโš  3.6x markup
$32.9K
1.7K services$19.76/svc3.65x markup
J9035Injection, bevacizumab, 10 mg
$20.3K
366 services$55.48/svc1.49x markup
92002Eye and medical examination for diagnosis and treatment, new patient
$18.5K
340 services$54.47/svc1.92x markup
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits
$10.5K
101 services$103.94/svc1.63x markup
99203New patient office or other outpatient visit, typically 30 minutes
$8.2K
121 services$67.36/svc2.27x markup
76512Ultrasound of eye disease, growth, or structureโš  6.1x markup
$3.7K
84 services$43.65/svc6.10x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg13.9K$10.1M$726.571.66x
J2777Injection, faricimab-svoa, 0.1 mg67.9K$2.0M$28.941.73x
67028Injection of drug into eye9.1K$708.9K$77.934.90x
92134Imaging of retina16.0K$476.4K$29.773.36x
99213Established patient office or other outpatient visit, 20-29 minutes4.2K$235.9K$56.712.07x
92012Eye and medical examination for diagnosis and treatment, established patient2.9K$175.9K$60.351.71x
J2778Injection, ranibizumab, 0.1 mg594$155.0K$260.951.90x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg791$124.4K$157.331.81x
67042Removal of membrane of retina with removal of internal limiting membrane of retina134$117.6K$877.524.86x
67145Photocoagulation treatment to prevent detachment of retina323$107.5K$332.864.09x
99204New patient office or other outpatient visit, 45-59 minutes608$66.7K$109.692.32x
99214Established patient office or other outpatient visit, 30-39 minutes701$59.8K$85.292.01x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina52$47.3K$909.393.44x
92201Extended exam of the back part of the eye with retinal drawing2.2K$37.0K$17.134.20x
92225Examination of eye by ophthalmoscope with retinal drawing1.7K$32.9K$19.763.65x
J9035Injection, bevacizumab, 10 mg366$20.3K$55.481.49x
92002Eye and medical examination for diagnosis and treatment, new patient340$18.5K$54.471.92x
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits101$10.5K$103.941.63x
99203New patient office or other outpatient visit, typically 30 minutes121$8.2K$67.362.27x
76512Ultrasound of eye disease, growth, or structure84$3.7K$43.656.10x

Markup Analysis

Charge-to-Payment Ratio

1.96x

This provider submits charges 1.96 times higher than what Medicare actually pays.

What This Means

A markup ratio of 1.96x means for every $100 Medicare pays, this provider initially charges $196. This is lower than the national average.

Location

Hendersonville, NC

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 NC for peer comparison.

Raj Patel (you)
$14.5M
Shil Patel, M.D.
$63.1M
James Pate, M.D.
$44.5M
Justin Brown, M.D.
$43.5M
Nitin Gupta, M.D., M.P.H.
$42.0M
Igor Westra, MD
$40.5M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Shil Patel, M.D.New Bern, NC$63.1Mโœ“ Clear
James Pate, M.D.Raleigh, NC$44.5Mโœ“ Clear
Justin Brown, M.D.Charlotte, NC$43.5Mโœ“ Clear
Nitin Gupta, M.D., M.P.H.Raleigh, NC$42.0Mโœ“ Clear
Igor Westra, MDWilmington, NC$40.5Mโœ“ 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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