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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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Methodologyโ€ขDownload Data
  1. Home
  2. Providers
  3. Cardionet, Llc.
๐Ÿฆท
Organization

Cardionet, Llc.

NPI: 1427320399
Pleasanton, CA
10 years of data
Independent Diagnostic Testing Facility (IDTF)
$662.0M
Total Payments
50
Beneficiaries
1.3M
Services
9.66x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$662.0M
Specialty median$350.9K
Rank #1 of 18 in specialty

๐Ÿ“‹ Key Findings

1Billed $662.0M over 10 years
29.66x markup ratio (above median)
3Risk score: 88 โ€” flagged for review
499th percentile in Independent Diagnostic Testing Facility (IDTF) by payments
56 procedures with >3x markup

โš ๏ธ Flagged for Review

Risk Score: 88
  • 1534x specialty median spending
  • Markup 23.7x (specialty median: 7.1x)
  • 292x specialty median beneficiaries
  • 241x specialty median services
View Deep Dives โ†’Report Fraud โ†’

Statistical flag only โ€” not an accusation of fraud

๐Ÿ”Ž Data Analysis

This provider's $662.0M in total Medicare payments ranks in the 99th percentile of Independent Diagnostic Testing Facility (IDTF) providers nationally.

Their average markup ratio of 9.66x is significantly above the specialty median of 6.1x.

Medicare payments to this provider grew 217% from 2014 to 2023.

92% of their billing comes from a single procedure code (93229 โ€” Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professional).

This provider has been statistically flagged with a risk score of 88/100. Statistical flags are not accusations of fraud.

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 โ€” the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2014$3.9K$599.536.54x$3.3K$35.4M59.1K5
2015$3.4K$472.447.17x$2.9K$43.5M92.0K5
2016$3.7K$509.707.35x$3.2K$51.5M101.0K5
2017$4.1K$496.398.26x$3.6K$52.3M105.4K4
2018$4.8K$524.929.10x$4.3K$58.6M111.7K5
2019$5.8K$564.9510.27x$5.2K$67.0M118.6K5
2020$6.5K$585.3411.12x$5.9K$66.2M113.1K5
2021$7.4K$609.1912.11x$6.8K$71.7M117.7K5
2022$4.6K$447.4810.18x$4.1K$103.6M231.5K5
2023$5.0K$483.4810.33x$4.5K$112.2M232.0K6

Top Procedures (6)

93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professionalโš  9.4x markup
$612.1M
763.6K services$801.69/svc9.39x markup
93271Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring and transmission and analysisโš  12.9x markup
$30.1M
173.2K services$174.04/svc12.88x markup
G0249Provision of test materials and equipment for home inr monitoring of patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria; includes: provision of materials for use in theโš  12.6x markup
$19.0M
285.2K services$66.47/svc12.58x markup
93226Electrocardiogram (ecg) 2-day continuous with reportโš  9.8x markup
$422.6K
10.7K services$39.61/svc9.79x markup
93270Electrocardiogram (ecg) up to 30 days continuous with symptom monitoringโš  45.9x markup
$345.9K
49.5K services$6.99/svc45.94x markup
93225Electrocardiogram (ecg) 2-day continuousโš  21.7x markup
$357.12
31 services$11.52/svc21.70x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professional763.6K$612.1M$801.699.39x
93271Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring and transmission and analysis173.2K$30.1M$174.0412.88x
G0249Provision of test materials and equipment for home inr monitoring of patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria; includes: provision of materials for use in the285.2K$19.0M$66.4712.58x
93226Electrocardiogram (ecg) 2-day continuous with report10.7K$422.6K$39.619.79x
93270Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring49.5K$345.9K$6.9945.94x
93225Electrocardiogram (ecg) 2-day continuous31$357.12$11.5221.70x

Markup Analysis

Charge-to-Payment Ratio

9.66x

This provider submits charges 9.66 times higher than what Medicare actually pays.

What This Means

A markup ratio of 9.66x means for every $100 Medicare pays, this provider initially charges $966. This is higher than the national average.

Location

Pleasanton, CA

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 Independent Diagnostic Testing Facility (IDTF) providers in CA for peer comparison.

Cardionet, Llc. (you)
$662.0M
Irhythm Technologies, Inc.โš ๏ธ
$393.0M
Alere Home Monitoring, Inc.โš ๏ธ
$361.4M
Mdinr, Llcโš ๏ธ
$333.5M
Medi-Lynx Cardiac Monitoring, Llc
$88.5M
Modern Nuclear, Inc.
$50.0M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Irhythm Technologies, Inc.San Francisco, CA$393.0Mโš ๏ธ Flagged
Alere Home Monitoring, Inc.Livermore, CA$361.4Mโš ๏ธ Flagged
Mdinr, LlcSan Jose, CA$333.5Mโš ๏ธ Flagged
Medi-Lynx Cardiac Monitoring, LlcSan Francisco, CA$88.5Mโœ“ Clear
Modern Nuclear, Inc.La Habra, CA$50.0Mโœ“ 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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