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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. Cary Chisholm
๐Ÿ”ฌ
MDIndividual

Cary Chisholm, M.D.

NPI: 1346498755
Waco, TX
10 years of data
Pathology
$7.7M
Total Payments
140.7K
Beneficiaries
177.5K
Services
4.08x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$7.7M
Specialty median$84.1K

๐Ÿ“‹ Key Findings

1Billed $7.7M over 10 years
24.08x markup ratio (above median)
399th percentile in Pathology by payments
471 services/day โ€” unusually high
5Payments surged 290% in 2017
620 procedures with >3x markup

This provider averages 71 services per working day

Based on 177.5K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $7.7M in total Medicare payments ranks in the 99th percentile of Pathology providers nationally.

Averaging 71 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 6850% from 2014 to 2023.

79% of their billing comes from a single procedure code (88305 โ€” Pathology examination of tissue using a microscope, intermediate complexity).

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 290% in 2017

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$135.34$30.444.45x$104.90$26.8K1.0K981
2015$149.84$35.724.19x$114.12$49.8K1.7K1.7K
2016$155.82$37.944.11x$117.88$85.6K2.6K2.4K
2017$151.33$33.834.47x$117.50$333.8K8.0K7.0K
2018$215.11$49.004.39x$166.11$536.8K11.5K9.1K
2019$251.58$64.693.89x$186.89$819.2K18.7K14.7K
2020$255.10$65.963.87x$189.14$1.1M24.2K18.7K
2021$292.19$76.603.81x$215.59$1.4M30.3K23.8K
2022$271.24$71.103.81x$200.14$1.5M34.0K27.4K
2023$279.25$72.583.85x$206.67$1.9M45.4K34.9K

Top Procedures (20)

88305Pathology examination of tissue using a microscope, intermediate complexityโš  4.1x markup
$6.1M
147.3K services$41.30/svc4.12x markup
88312Special stained specimen slides to identify organisms including interpretation and reportโš  3.9x markup
$467.3K
6.6K services$70.69/svc3.86x markup
88342Tissue or cell analysis by immunologic techniqueโš  3.9x markup
$430.7K
7.1K services$60.55/svc3.91x markup
88341Special stained specimen slides to examine tissueโš  3.9x markup
$316.1K
5.7K services$55.66/svc3.90x markup
88304Pathology examination of tissue using a microscope, moderately low complexityโš  4.3x markup
$150.2K
6.1K services$24.80/svc4.33x markup
88346Antibody evaluationโš  3.8x markup
$69.3K
704 services$98.43/svc3.76x markup
88350Antibody evaluationโš  3.8x markup
$51.8K
686 services$75.45/svc3.77x markup
88307Pathology examination of tissue using a microscope, moderately high complexityโš  4.7x markup
$23.9K
366 services$65.42/svc4.65x markup
88313Special stained specimen slides to examine tissue including interpretation and reportโš  3.9x markup
$22.4K
513 services$43.59/svc3.88x markup
88344Special stained specimen slides to examine tissueโš  3.9x markup
$17.0K
143 services$118.69/svc3.88x markup
88331Pathology examination of tissue during surgeryโš  3.6x markup
$9.8K
200 services$48.87/svc3.64x markup
88189Flow cytometry technique for DNA or cell analysisโš  3.3x markup
$9.2K
117 services$78.26/svc3.30x markup
88311Preparation of tissue for examination by removing any calcium presentโš  3.5x markup
$7.2K
697 services$10.38/svc3.53x markup
88360Microscopic genetic analysis of tumorโš  4.3x markup
$5.7K
102 services$55.57/svc4.27x markup
88309Pathology examination of tissue using a microscope, high complexityโš  3.4x markup
$5.5K
48 services$115.52/svc3.41x markup
88173Evaluation of fine needle aspirate with interpretation and reportโš  3.0x markup
$5.0K
91 services$55.34/svc3.03x markup
88112Cell examination of specimenโš  6.3x markup
$4.4K
200 services$22.09/svc6.28x markup
88333Pathology examination of tissue specimen during surgeryโš  4.5x markup
$4.1K
82 services$49.71/svc4.55x markup
88365Genetic sequencing localization, initial procedureโš  3.8x markup
$4.0K
31 services$129.66/svc3.80x markup
88332Pathology examination of specimen during surgeryโš  5.0x markup
$3.7K
152 services$24.17/svc5.01x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
88305Pathology examination of tissue using a microscope, intermediate complexity147.3K$6.1M$41.304.12x
88312Special stained specimen slides to identify organisms including interpretation and report6.6K$467.3K$70.693.86x
88342Tissue or cell analysis by immunologic technique7.1K$430.7K$60.553.91x
88341Special stained specimen slides to examine tissue5.7K$316.1K$55.663.90x
88304Pathology examination of tissue using a microscope, moderately low complexity6.1K$150.2K$24.804.33x
88346Antibody evaluation704$69.3K$98.433.76x
88350Antibody evaluation686$51.8K$75.453.77x
88307Pathology examination of tissue using a microscope, moderately high complexity366$23.9K$65.424.65x
88313Special stained specimen slides to examine tissue including interpretation and report513$22.4K$43.593.88x
88344Special stained specimen slides to examine tissue143$17.0K$118.693.88x
88331Pathology examination of tissue during surgery200$9.8K$48.873.64x
88189Flow cytometry technique for DNA or cell analysis117$9.2K$78.263.30x
88311Preparation of tissue for examination by removing any calcium present697$7.2K$10.383.53x
88360Microscopic genetic analysis of tumor102$5.7K$55.574.27x
88309Pathology examination of tissue using a microscope, high complexity48$5.5K$115.523.41x
88173Evaluation of fine needle aspirate with interpretation and report91$5.0K$55.343.03x
88112Cell examination of specimen200$4.4K$22.096.28x
88333Pathology examination of tissue specimen during surgery82$4.1K$49.714.55x
88365Genetic sequencing localization, initial procedure31$4.0K$129.663.80x
88332Pathology examination of specimen during surgery152$3.7K$24.175.01x

Markup Analysis

Charge-to-Payment Ratio

4.08x

This provider submits charges 4.08 times higher than what Medicare actually pays.

What This Means

A markup ratio of 4.08x means for every $100 Medicare pays, this provider initially charges $408. This is higher than the national average.

Location

Waco, TX

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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