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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. Nathan Farley
๐Ÿ‘๏ธ
MDIndividual

Nathan Farley, MD

NPI: 1427476035
Traverse City, MI
5 years of data
Ophthalmology
$7.8M
Total Payments
73
Beneficiaries
46.9K
Services
1.86x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$7.8M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $7.8M over 5 years
21.86x markup ratio
398th percentile in Ophthalmology by payments
4Payments surged 1843% in 2020
56 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $7.8M in total Medicare payments ranks in the 98th percentile of Ophthalmology providers nationally.

Medicare payments to this provider grew 18922% from 2019 to 2023.

62% of their billing comes from a single procedure code (J0178 โ€” Injection, aflibercept, 1 mg).

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 1843% 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
2019$229.44$77.752.95x$151.69$15.9K2046
2020$355.46$193.831.83x$161.63$308.2K1.6K12
2021$414.78$233.091.78x$181.69$1.6M7.0K17
2022$442.69$240.101.84x$202.59$2.8M11.9K20
2023$220.20$115.091.91x$105.11$3.0M26.2K18

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$4.8M
6.8K services$709.35/svc1.52x markup
J2778Injection, ranibizumab, 0.1 mg
$1.2M
5.7K services$212.60/svc2.20x markup
J2777Injection, faricimab-svoa, 0.1 mg
$468.6K
16.4K services$28.61/svc1.57x markup
67028Injection of drug into eyeโš  3.3x markup
$405.7K
4.3K services$93.53/svc3.32x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$217.0K
2.4K services$90.78/svc2.39x markup
92014Established patient complete exam of visual system
$180.3K
2.1K services$86.79/svc2.18x markup
92134Imaging of retinaโš  3.4x markup
$170.6K
6.0K services$28.64/svc3.36x markup
J3590Unclassified biologics
$60.1K
307 services$195.92/svc2.22x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retina
$41.8K
77 services$542.84/svc2.59x markup
99204New patient office or other outpatient visit, 45-59 minutes
$40.6K
358 services$113.53/svc2.41x markup
92004New patient complete exam of visual system
$31.9K
317 services$100.48/svc2.08x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$26.3K
393 services$66.81/svc2.32x markup
92235Exam of retinal blood vessels using a special camera after injection of a dyeโš  3.0x markup
$24.0K
273 services$87.95/svc3.01x markup
67113Complex repair of detached retina and drainage of eye fluid between lens and retina
$22.8K
44 services$518.58/svc2.66x markup
92250Photography of the retinaโš  5.0x markup
$21.8K
826 services$26.42/svc5.00x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina
$19.8K
41 services$483.67/svc2.71x markup
92012Established patient problem focused exam of visual system
$16.0K
270 services$59.25/svc2.53x markup
67145Photocoagulation treatment to prevent detachment of retinaโš  7.7x markup
$12.0K
46 services$260.17/svc7.65x markup
765122d ultrasound scan of eye tissue and structuresโš  3.8x markup
$3.1K
89 services$34.68/svc3.75x markup
99212Established patient office or other outpatient visit, 10-19 minutes
$2.7K
65 services$42.24/svc2.72x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg6.8K$4.8M$709.351.52x
J2778Injection, ranibizumab, 0.1 mg5.7K$1.2M$212.602.20x
J2777Injection, faricimab-svoa, 0.1 mg16.4K$468.6K$28.611.57x
67028Injection of drug into eye4.3K$405.7K$93.533.32x
99214Established patient office or other outpatient visit, 30-39 minutes2.4K$217.0K$90.782.39x
92014Established patient complete exam of visual system2.1K$180.3K$86.792.18x
92134Imaging of retina6.0K$170.6K$28.643.36x
J3590Unclassified biologics307$60.1K$195.922.22x
67042Removal of membrane of retina with removal of internal limiting membrane of retina77$41.8K$542.842.59x
99204New patient office or other outpatient visit, 45-59 minutes358$40.6K$113.532.41x
92004New patient complete exam of visual system317$31.9K$100.482.08x
99213Established patient office or other outpatient visit, 20-29 minutes393$26.3K$66.812.32x
92235Exam of retinal blood vessels using a special camera after injection of a dye273$24.0K$87.953.01x
67113Complex repair of detached retina and drainage of eye fluid between lens and retina44$22.8K$518.582.66x
92250Photography of the retina826$21.8K$26.425.00x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina41$19.8K$483.672.71x
92012Established patient problem focused exam of visual system270$16.0K$59.252.53x
67145Photocoagulation treatment to prevent detachment of retina46$12.0K$260.177.65x
765122d ultrasound scan of eye tissue and structures89$3.1K$34.683.75x
99212Established patient office or other outpatient visit, 10-19 minutes65$2.7K$42.242.72x

Markup Analysis

Charge-to-Payment Ratio

1.86x

This provider submits charges 1.86 times higher than what Medicare actually pays.

What This Means

A markup ratio of 1.86x means for every $100 Medicare pays, this provider initially charges $186. This is lower than the national average.

Location

Traverse City, MI

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 MI for peer comparison.

Nathan Farley (you)
$7.8M
Sandeep Randhawa, MD
$44.6M
Scott Sneed, MD
$39.4M
Jeremy Wolfe, MD
$39.4M
Douglas Covert, MD, MPH
$34.7M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Sandeep Randhawa, MDRoyal Oak, MI$44.6Mโœ“ Clear
Scott Sneed, MDTraverse City, MI$39.4Mโœ“ Clear
Jeremy Wolfe, MDRoyal Oak, MI$39.4Mโœ“ Clear
Douglas Covert, MD, MPHTraverse City, MI$34.7Mโœ“ 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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