OpenMedicare
Start Here
Explore
Fraud
Investigations
Data
Tools
About

Footer

OpenMedicare

Independent Medicare data journalism

Sister Sites

  • OpenMedicaid
  • OpenFeds
  • OpenSpending
  • OpenImmigration
  • OpenLobby
  • VaccineWatch
  • OpenSubsidies
  • WarCosts
  • OpenPrescriber

Explore

  • Providers
  • Procedures
  • States
  • Specialties
  • Search

Fraud Analysis

  • Still Out There (AI)
  • Fraud Overview
  • Fraud Watchlist
  • Deep Dive Profiles
  • Impossible Numbers
  • Report Fraud

Investigations

  • The Algorithm Knows
  • How We Built the Model
  • Internal Medicine Crisis
  • Florida & California Fraud
  • Million Dollar Flagged
  • All Investigations

Tools

  • Provider Lookup
  • Compare
  • Cost Calculator
  • Your Medicare Dollar
  • Downloads

About

  • About OpenMedicare
  • Methodology
  • Glossary
  • Data Sources
  • API Docs
  • Updates
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.
Sister Sites: OpenMedicaid · OpenFeds · OpenSpending · OpenImmigration · OpenLobby · VaccineWatch · OpenSubsidies · WarCosts

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

Methodology•Download Data
  1. Home
  2. Providers
  3. Sarah Holy
👁️
MDIndividual

Sarah Holy, MD

NPI: 1275514796
San Antonio, TX
10 years of data
Ophthalmology
$24.6M
Total Payments
155
Beneficiaries
140.0K
Services
2.73x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$24.6M
Specialty median$383.7K

📋 Key Findings

1Billed $24.6M over 10 years
22.73x markup ratio (above median)
399th percentile in Ophthalmology by payments
456 services/day — unusually high
510 procedures with >3x markup

This provider averages 56 services per working day

Based on 140.0K total services over 10 years (250 working days/year). Learn about impossible service volumes →

🔎 Data Analysis

This provider's $24.6M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 56 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 163% 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

Submitted Charges vs. Medicare Payments

Average per-service amounts submitted by the provider compared to what Medicare actually paid — the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2014$346.18$147.102.35x$199.08$1.3M9.0K14
2015$498.80$191.252.61x$307.55$2.0M10.3K14
2016$556.22$198.512.80x$357.71$2.2M11.3K15
2017$590.16$204.362.89x$385.80$2.3M11.3K16
2018$492.03$181.712.71x$310.32$2.0M11.2K13
2019$533.64$195.072.74x$338.57$2.3M11.9K12
2020$495.96$219.572.26x$276.39$2.8M12.9K15
2021$427.33$221.401.93x$205.93$3.0M13.7K18
2022$506.80$199.022.55x$307.78$3.1M15.6K19
2023$423.36$105.504.01x$317.86$3.5M32.9K19

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$12.8M
17.5K services$728.73/svc2.77x markup
J2778Injection, ranibizumab, 0.1 mg
$5.9M
21.7K services$269.21/svc1.91x markup
67028Injection of drug into eye⚠ 5.1x markup
$1.4M
16.3K services$87.81/svc5.10x markup
92014Established patient complete exam of visual system
$1.2M
13.5K services$87.02/svc2.19x markup
92134Imaging of retina
$741.8K
24.3K services$30.56/svc2.88x markup
J2777Injection, faricimab-svoa, 0.1 mg⚠ 3.9x markup
$685.7K
23.8K services$28.86/svc3.90x markup
92004New patient complete exam of visual system
$301.7K
2.8K services$106.45/svc2.16x markup
Q5128Injection, ranibizumab-eqrn (cimerli), biosimilar, 0.1 mg⚠ 3.9x markup
$275.8K
1.3K services$218.04/svc3.87x markup
J9035Injection, bevacizumab, 10 mg
$237.6K
4.2K services$56.64/svc2.55x markup
J3590Unclassified biologics⚠ 3.6x markup
$230.4K
128 services$1.8K/svc3.64x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$194.5K
1.3K services$153.54/svc2.65x markup
92250Photography of the retina
$178.4K
4.2K services$42.14/svc2.85x markup
92012Established patient problem focused exam of visual system
$133.5K
2.2K services$61.67/svc1.96x markup
J7999Compounded drug, not otherwise classified⚠ 4.4x markup
$70.9K
944 services$75.08/svc4.44x markup
92235Exam of retinal blood vessels using a special camera after injection of a dye⚠ 3.3x markup
$61.3K
783 services$78.28/svc3.33x markup
92225Examination of eye by ophthalmoscope with retinal drawing
$58.4K
2.9K services$20.44/svc1.91x markup
67041Removal of membrane of retina⚠ 3.1x markup
$34.7K
39 services$890.54/svc3.14x markup
67040Laser destruction of eye fluid (vitreous) between the lens and retina⚠ 4.3x markup
$29.2K
31 services$941.67/svc4.25x markup
99204New patient office or other outpatient visit, 45-59 minutes⚠ 3.1x markup
$27.0K
228 services$118.32/svc3.11x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina⚠ 4.0x markup
$21.2K
25 services$846.21/svc4.01x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg17.5K$12.8M$728.732.77x
J2778Injection, ranibizumab, 0.1 mg21.7K$5.9M$269.211.91x
67028Injection of drug into eye16.3K$1.4M$87.815.10x
92014Established patient complete exam of visual system13.5K$1.2M$87.022.19x
92134Imaging of retina24.3K$741.8K$30.562.88x
J2777Injection, faricimab-svoa, 0.1 mg23.8K$685.7K$28.863.90x
92004New patient complete exam of visual system2.8K$301.7K$106.452.16x
Q5128Injection, ranibizumab-eqrn (cimerli), biosimilar, 0.1 mg1.3K$275.8K$218.043.87x
J9035Injection, bevacizumab, 10 mg4.2K$237.6K$56.642.55x
J3590Unclassified biologics128$230.4K$1.8K3.64x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg1.3K$194.5K$153.542.65x
92250Photography of the retina4.2K$178.4K$42.142.85x
92012Established patient problem focused exam of visual system2.2K$133.5K$61.671.96x
J7999Compounded drug, not otherwise classified944$70.9K$75.084.44x
92235Exam of retinal blood vessels using a special camera after injection of a dye783$61.3K$78.283.33x
92225Examination of eye by ophthalmoscope with retinal drawing2.9K$58.4K$20.441.91x
67041Removal of membrane of retina39$34.7K$890.543.14x
67040Laser destruction of eye fluid (vitreous) between the lens and retina31$29.2K$941.674.25x
99204New patient office or other outpatient visit, 45-59 minutes228$27.0K$118.323.11x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina25$21.2K$846.214.01x

Markup Analysis

Charge-to-Payment Ratio

2.73x

This provider submits charges 2.73 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.73x means for every $100 Medicare pays, this provider initially charges $273. This is higher than the national average.

Location

San Antonio, TX

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 TX for peer comparison.

Sarah Holy (you)
$24.6M
Jason Ysasaga, M.D.
$61.5M
Harshivinderjit Bains, MD
$53.9M
Ryan Rush, MD
$53.6M
Tien Wong, M.D.
$51.2M
Thomas Bochow, M.D., M.P.H.
$49.4M
Show detailed table ▾
ProviderLocationTotal PaymentsStatus
Jason Ysasaga, M.D.Amarillo, TX$61.5M✓ Clear
Harshivinderjit Bains, MDTyler, TX$53.9M✓ Clear
Ryan Rush, MDAmarillo, TX$53.6M✓ Clear
Tien Wong, M.D.Houston, TX$51.2M✓ Clear
Thomas Bochow, M.D., M.P.H.Tyler, TX$49.4M✓ Clear

Related

Browse
← Back to Provider Directory
State
All providers in TX →
Specialty
All Ophthalmology providers →
Tool
Compare this provider →
Analysis
Fraud Watchlist →
Search
Search all providers →

Share This Provider

Share this provider's Medicare payment information

Share:

Data Sources

  • • Centers for Medicare & Medicaid Services (CMS)
  • • Medicare Provider Utilization and Payment Data (2014-2023)
  • • 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