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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. Matthew Appenzeller
๐Ÿ‘๏ธ
MDIndividual

Matthew Appenzeller, MD

NPI: 1235340522
Omaha, NE
10 years of data
Ophthalmology
$10.8M
Total Payments
32.1K
Beneficiaries
86.5K
Services
2.45x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$10.8M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $10.8M over 10 years
22.45x markup ratio (above median)
398th percentile in Ophthalmology by payments
4Payments surged 58% in 2016
510 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $10.8M in total Medicare payments ranks in the 98th percentile of Ophthalmology providers nationally.

Medicare payments to this provider grew 75% 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

๐Ÿ“ˆ

Notable: Payments increased 58% in 2016

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$483.92$209.022.32x$274.90$590.5K6.9K2.2K
2015$342.74$144.152.38x$198.59$528.3K5.5K2.6K
2016$779.30$255.963.04x$523.34$833.9K6.8K2.8K
2017$617.91$202.093.06x$415.82$1.0M8.5K3.4K
2018$632.78$221.142.86x$411.64$1.1M9.6K3.5K
2019$613.13$212.642.88x$400.49$1.5M10.5K4.0K
2020$720.73$209.173.45x$511.56$1.2M9.4K3.3K
2021$744.65$226.683.29x$517.97$1.5M10.2K3.4K
2022$616.45$182.033.39x$434.42$1.4M9.7K3.5K
2023$739.33$244.403.03x$494.93$1.0M9.4K3.5K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$4.9M
6.6K services$736.37/svc1.69x markup
67028Injection of drug into eyeโš  4.1x markup
$1.3M
17.7K services$75.36/svc4.09x markup
J2778Injection, ranibizumab, 0.1 mg
$771.1K
2.8K services$275.68/svc1.82x markup
92134Diagnostic imaging of retinaโš  3.7x markup
$768.5K
27.2K services$28.24/svc3.67x markup
J3590Unclassified biologics
$565.7K
5.7K services$98.83/svc2.32x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$425.9K
7.9K services$53.80/svc2.74x markup
99214Established patient office or other outpatient, visit typically 25 minutes
$373.0K
4.8K services$78.03/svc2.71x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$344.3K
4.2K services$81.27/svc2.72x markup
66984Removal of cataract with insertion of lensโš  3.2x markup
$236.9K
545 services$434.71/svc3.17x markup
67042Removal of membrane from the retina, pars plana approachโš  3.2x markup
$166.9K
190 services$878.48/svc3.24x markup
J0179Injection, brolucizumab-dbll, 1 mg
$140.8K
565 services$249.25/svc1.84x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$96.4K
1.7K services$57.03/svc2.60x markup
67108Repair of detached retina and drainage of eye fluid between lens and retinaโš  3.6x markup
$88.4K
105 services$841.96/svc3.60x markup
66821Removal of recurring cataract in lens capsule using laserโš  3.3x markup
$84.8K
359 services$236.20/svc3.33x markup
99204New patient office or other outpatient visit, typically 45 minutes
$77.2K
690 services$111.88/svc2.72x markup
67210Laser destruction of retinal growth, 1 or more sessionsโš  3.2x markup
$64.3K
175 services$367.64/svc3.16x markup
J3490Unclassified drugs
$44.6K
26 services$1.7K/svc1.75x markup
92235Examination of retinal blood vessels by ophthalmoscopeโš  3.2x markup
$36.9K
478 services$77.27/svc3.21x markup
67145Preventive retinal detachment treatment by heat or laser, 1 or more sessionsโš  3.3x markup
$31.5K
95 services$331.39/svc3.32x markup
92083Measurement of field of vision during daylight conditionsโš  4.1x markup
$26.8K
665 services$40.36/svc4.06x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg6.6K$4.9M$736.371.69x
67028Injection of drug into eye17.7K$1.3M$75.364.09x
J2778Injection, ranibizumab, 0.1 mg2.8K$771.1K$275.681.82x
92134Diagnostic imaging of retina27.2K$768.5K$28.243.67x
J3590Unclassified biologics5.7K$565.7K$98.832.32x
99213Established patient office or other outpatient visit, typically 15 minutes7.9K$425.9K$53.802.74x
99214Established patient office or other outpatient, visit typically 25 minutes4.8K$373.0K$78.032.71x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits4.2K$344.3K$81.272.72x
66984Removal of cataract with insertion of lens545$236.9K$434.713.17x
67042Removal of membrane from the retina, pars plana approach190$166.9K$878.483.24x
J0179Injection, brolucizumab-dbll, 1 mg565$140.8K$249.251.84x
92012Eye and medical examination for diagnosis and treatment, established patient1.7K$96.4K$57.032.60x
67108Repair of detached retina and drainage of eye fluid between lens and retina105$88.4K$841.963.60x
66821Removal of recurring cataract in lens capsule using laser359$84.8K$236.203.33x
99204New patient office or other outpatient visit, typically 45 minutes690$77.2K$111.882.72x
67210Laser destruction of retinal growth, 1 or more sessions175$64.3K$367.643.16x
J3490Unclassified drugs26$44.6K$1.7K1.75x
92235Examination of retinal blood vessels by ophthalmoscope478$36.9K$77.273.21x
67145Preventive retinal detachment treatment by heat or laser, 1 or more sessions95$31.5K$331.393.32x
92083Measurement of field of vision during daylight conditions665$26.8K$40.364.06x

Markup Analysis

Charge-to-Payment Ratio

2.45x

This provider submits charges 2.45 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.45x means for every $100 Medicare pays, this provider initially charges $245. This is higher than the national average.

Location

Omaha, NE

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 NE for peer comparison.

Matthew Appenzeller (you)
$10.8M
John Welch, MD
$94.8M
William Terrell, M.D.
$59.3M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
John Welch, MDHastings, NE$94.8Mโœ“ Clear
William Terrell, M.D.Hastings, NE$59.3Mโœ“ 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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