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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. Clay Holley
๐Ÿ‘๏ธ
MDIndividual

Clay Holley, M.D.

NPI: 1346565330
Butte, MT
10 years of data
Ophthalmology
$9.4M
Total Payments
37.2K
Beneficiaries
68.3K
Services
2.27x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$9.4M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $9.4M over 10 years
22.27x markup ratio (above median)
398th percentile in Ophthalmology by payments
4Payments surged 197% in 2015
53 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $9.4M in total Medicare payments ranks in the 98th percentile of Ophthalmology providers nationally.

Medicare payments to this provider grew 406% 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 197% in 2015

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$228.51$151.121.51x$77.39$223.3K2.0K1.3K
2015$214.39$142.001.51x$72.39$662.5K5.3K3.2K
2016$209.97$140.921.49x$69.05$763.7K5.9K3.4K
2017$207.59$138.531.50x$69.06$886.4K6.4K3.7K
2018$202.22$133.891.51x$68.33$1.1M7.8K4.4K
2019$412.82$146.072.83x$266.75$1.2M8.3K4.5K
2020$482.39$139.893.45x$342.50$1.1M7.8K4.2K
2021$425.02$138.123.08x$286.90$1.1M8.3K4.5K
2022$559.90$162.113.45x$397.79$1.2M8.5K4.1K
2023$450.85$131.303.43x$319.55$1.1M8.0K3.9K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$3.5M
4.7K services$732.13/svc1.54x markup
66984Removal of cataract with insertion of lens
$1.8M
4.7K services$383.50/svc2.27x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$770.8K
9.5K services$81.12/svc2.54x markup
67028Injection of drug into eyeโš  4.2x markup
$755.3K
8.1K services$92.78/svc4.23x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$403.7K
7.2K services$56.42/svc1.87x markup
99214Established patient office or other outpatient, visit typically 25 minutes
$386.8K
3.8K services$101.05/svc2.57x markup
92134Diagnostic imaging of retina
$353.3K
10.9K services$32.38/svc2.56x markup
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits
$335.6K
3.6K services$94.15/svc2.56x markup
66821Removal of recurring cataract in lens capsule using laser
$199.1K
799 services$249.14/svc2.28x markup
J7999Compounded drug, not otherwise classifiedโš  3.8x markup
$187.3K
2.9K services$64.96/svc3.83x markup
92136Measurement of corneal curvature and depth of eye
$171.5K
4.3K services$40.34/svc2.91x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$125.4K
2.0K services$61.23/svc2.24x markup
66982Removal of cataract with insertion of lens
$103.3K
179 services$576.87/svc2.47x markup
99204New patient office or other outpatient visit, typically 45 minutes
$80.5K
700 services$115.03/svc2.96x markup
65855Laser repair to improve eye fluid flow, 1 or more sessions
$56.8K
246 services$231.06/svc1.93x markup
92133Diagnostic imaging of optic nerve of eye
$41.4K
1.5K services$26.94/svc2.90x markup
92083Measurement of field of vision during daylight conditions
$31.6K
749 services$42.14/svc2.57x markup
66991Extracapsular removal of cataract with insertion of artificial lens and insertion of drainage device in front chamber of eyeโš  6.1x markup
$27.7K
60 services$461.38/svc6.09x markup
99203New patient office or other outpatient visit, typically 30 minutes
$14.2K
185 services$76.63/svc2.06x markup
J9035Injection, bevacizumab, 10 mg
$13.5K
261 services$51.77/svc2.03x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg4.7K$3.5M$732.131.54x
66984Removal of cataract with insertion of lens4.7K$1.8M$383.502.27x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits9.5K$770.8K$81.122.54x
67028Injection of drug into eye8.1K$755.3K$92.784.23x
99213Established patient office or other outpatient visit, typically 15 minutes7.2K$403.7K$56.421.87x
99214Established patient office or other outpatient, visit typically 25 minutes3.8K$386.8K$101.052.57x
92134Diagnostic imaging of retina10.9K$353.3K$32.382.56x
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits3.6K$335.6K$94.152.56x
66821Removal of recurring cataract in lens capsule using laser799$199.1K$249.142.28x
J7999Compounded drug, not otherwise classified2.9K$187.3K$64.963.83x
92136Measurement of corneal curvature and depth of eye4.3K$171.5K$40.342.91x
92012Eye and medical examination for diagnosis and treatment, established patient2.0K$125.4K$61.232.24x
66982Removal of cataract with insertion of lens179$103.3K$576.872.47x
99204New patient office or other outpatient visit, typically 45 minutes700$80.5K$115.032.96x
65855Laser repair to improve eye fluid flow, 1 or more sessions246$56.8K$231.061.93x
92133Diagnostic imaging of optic nerve of eye1.5K$41.4K$26.942.90x
92083Measurement of field of vision during daylight conditions749$31.6K$42.142.57x
66991Extracapsular removal of cataract with insertion of artificial lens and insertion of drainage device in front chamber of eye60$27.7K$461.386.09x
99203New patient office or other outpatient visit, typically 30 minutes185$14.2K$76.632.06x
J9035Injection, bevacizumab, 10 mg261$13.5K$51.772.03x

Markup Analysis

Charge-to-Payment Ratio

2.27x

This provider submits charges 2.27 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.27x means for every $100 Medicare pays, this provider initially charges $227. This is higher than the national average.

Location

Butte, MT

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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