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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. Miguel Busquets
๐Ÿ‘๏ธ
MDIndividual

Miguel Busquets, M.D.

NPI: 1427054808
Lexington, KY
10 years of data
Ophthalmology
$8.7M
Total Payments
23.3K
Beneficiaries
56.6K
Services
2.58x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$8.7M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $8.7M over 10 years
22.58x markup ratio (above median)
398th percentile in Ophthalmology by payments
4Payments surged 134% in 2020
54 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $8.7M in total Medicare payments ranks in the 98th percentile of Ophthalmology providers nationally.

This provider's billing patterns fall within normal ranges for their specialty.

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 134% in 2020

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$945.12$369.202.56x$575.92$953.6K6.6K2.2K
2015$763.75$278.462.74x$485.29$807.6K6.0K2.0K
2016$473.11$178.622.65x$294.49$661.9K5.5K1.8K
2017$617.38$218.712.82x$398.67$702.1K5.8K1.8K
2018$767.10$230.823.32x$536.28$705.9K5.8K1.8K
2019$362.83$129.772.80x$233.06$491.3K4.0K1.5K
2020$649.12$261.262.48x$387.86$1.2M6.0K3.9K
2021$716.97$279.342.57x$437.63$1.1M5.8K3.4K
2022$465.09$194.072.40x$271.02$1.1M5.8K2.7K
2023$608.21$285.992.13x$322.22$995.3K5.4K2.1K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$4.0M
5.5K services$731.84/svc1.85x markup
J2778Injection, ranibizumab, 0.1 mg
$1.3M
4.7K services$284.10/svc2.15x markup
67028Injection of drug into eyeโš  5.5x markup
$963.1K
11.7K services$82.32/svc5.52x markup
92235Examination of retinal blood vessels by ophthalmoscopeโš  3.6x markup
$454.1K
6.5K services$69.39/svc3.59x markup
92134Diagnostic imaging of retinaโš  3.1x markup
$403.1K
14.0K services$28.79/svc3.10x markup
99214Established patient office or other outpatient, visit typically 25 minutes
$302.6K
4.0K services$75.13/svc2.47x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$151.7K
2.8K services$54.81/svc2.63x markup
J2503Injection, pegaptanib sodium, 0.3 mg
$141.8K
184 services$770.54/svc2.21x markup
67041Removal of membrane from the retina
$141.3K
165 services$856.16/svc2.65x markup
67036Removal of eye fluid (vitreous) between the lens and retina
$123.1K
189 services$651.28/svc2.80x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$111.9K
1.4K services$81.78/svc2.01x markup
92250Photography of the retina
$75.7K
2.0K services$37.63/svc2.77x markup
99204New patient office or other outpatient visit, typically 45 minutes
$70.8K
634 services$111.74/svc2.69x markup
J3590Unclassified biologics
$63.1K
429 services$147.16/svc2.65x markup
67042Removal of membrane from the retina, pars plana approach
$58.9K
64 services$920.94/svc2.47x markup
67228Laser destruction of leaking retinal blood vessels, 1 or more sessionsโš  3.5x markup
$39.1K
91 services$429.70/svc3.51x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$38.5K
669 services$57.49/svc2.13x markup
67210Laser destruction of retinal growth, 1 or more sessions
$32.8K
85 services$385.93/svc3.00x markup
67113Repair of detached retina and drainage of eye fluid between lens and retina
$28.3K
31 services$912.27/svc2.76x markup
J3490Unclassified drugs
$27.7K
16 services$1.7K/svc1.47x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg5.5K$4.0M$731.841.85x
J2778Injection, ranibizumab, 0.1 mg4.7K$1.3M$284.102.15x
67028Injection of drug into eye11.7K$963.1K$82.325.52x
92235Examination of retinal blood vessels by ophthalmoscope6.5K$454.1K$69.393.59x
92134Diagnostic imaging of retina14.0K$403.1K$28.793.10x
99214Established patient office or other outpatient, visit typically 25 minutes4.0K$302.6K$75.132.47x
99213Established patient office or other outpatient visit, typically 15 minutes2.8K$151.7K$54.812.63x
J2503Injection, pegaptanib sodium, 0.3 mg184$141.8K$770.542.21x
67041Removal of membrane from the retina165$141.3K$856.162.65x
67036Removal of eye fluid (vitreous) between the lens and retina189$123.1K$651.282.80x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits1.4K$111.9K$81.782.01x
92250Photography of the retina2.0K$75.7K$37.632.77x
99204New patient office or other outpatient visit, typically 45 minutes634$70.8K$111.742.69x
J3590Unclassified biologics429$63.1K$147.162.65x
67042Removal of membrane from the retina, pars plana approach64$58.9K$920.942.47x
67228Laser destruction of leaking retinal blood vessels, 1 or more sessions91$39.1K$429.703.51x
92012Eye and medical examination for diagnosis and treatment, established patient669$38.5K$57.492.13x
67210Laser destruction of retinal growth, 1 or more sessions85$32.8K$385.933.00x
67113Repair of detached retina and drainage of eye fluid between lens and retina31$28.3K$912.272.76x
J3490Unclassified drugs16$27.7K$1.7K1.47x

Markup Analysis

Charge-to-Payment Ratio

2.58x

This provider submits charges 2.58 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.58x means for every $100 Medicare pays, this provider initially charges $258. This is higher than the national average.

Location

Lexington, KY

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 KY for peer comparison.

Miguel Busquets (you)
$8.7M
Inder Singal, MD
$35.2M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Inder Singal, MDLouisville, KY$35.2Mโœ“ 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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