OpenMedicare
Start Here
Explore
Fraud
Investigations
Data
Tools
About

Footer

OpenMedicare

Independent Medicare data journalism

Sister Sites

  • OpenMedicaid
  • OpenFeds
  • OpenSpending

Explore

  • Providers
  • Procedures
  • States
  • Specialties
  • Search

Fraud Analysis

  • Still Out There (AI)
  • Fraud Overview
  • Fraud Watchlist
  • Deep Dive Profiles
  • Impossible Numbers
  • Report Fraud

Investigations

  • The Algorithm Knows
  • How We Built the Model
  • Internal Medicine Crisis
  • Florida & California Fraud
  • Million Dollar Flagged
  • All Investigations

Tools

  • Provider Lookup
  • Compare
  • Cost Calculator
  • Your Medicare Dollar
  • Downloads

About

  • About OpenMedicare
  • Methodology
  • Glossary
  • Data Sources
  • API Docs
  • Updates
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.
Sister Sites: OpenMedicaid · OpenFeds · OpenSpending

© 2026 OpenMedicare. Independent data journalism. Built by TheDataProject.ai

Methodology•Download Data
  1. Home
  2. Providers
  3. Armen Ovsepian
⚕️
MDIndividual

Armen Ovsepian, M.D.

NPI: 1629076146
Smithtown, NY
10 years of data
Clinical Cardiac Electrophysiology
$6.7M
Total Payments
41.0K
Beneficiaries
79.2K
Services
3.24x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$6.7M
Specialty median$207.8K

📋 Key Findings

1Billed $6.7M over 10 years
23.24x markup ratio (above median)
398th percentile in Clinical Cardiac Electrophysiology by payments
4Payments surged 72% in 2023
512 procedures with >3x markup
✓ No flags detected

🔎 Data Analysis

This provider's $6.7M in total Medicare payments ranks in the 98th percentile of Clinical Cardiac Electrophysiology providers nationally.

Medicare payments to this provider grew 588% 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

📈

Notable: Payments increased 72% in 2023

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 — the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2014$277.13$155.311.78x$121.82$237.9K3.6K2.4K
2015$220.97$119.551.85x$101.42$264.1K4.7K2.9K
2016$273.71$155.221.76x$118.49$366.4K5.6K3.7K
2017$239.78$128.541.87x$111.24$401.3K6.1K3.4K
2018$265.29$142.171.87x$123.12$579.0K7.6K3.4K
2019$552.02$128.784.29x$423.24$694.9K8.4K3.8K
2020$721.11$134.255.37x$586.86$774.0K9.0K3.9K
2021$393.25$105.643.72x$287.61$823.1K10.4K5.6K
2022$518.54$139.703.71x$378.84$950.3K10.8K5.3K
2023$567.27$152.243.73x$415.03$1.6M13.0K6.5K

Top Procedures (20)

G2066Interrogation device evaluation(s), (remote) up to 30 days; implantable cardiovascular physiologic monitor system, implantable loop recorder system, or subcutaneous cardiac rhythm monitor system, remote data acquisition(s), receipt of transmissions and tec⚠ 3.6x markup
$1.4M
8.1K services$173.15/svc3.63x markup
93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professional⚠ 3.7x markup
$1.1M
1.3K services$824.82/svc3.68x markup
93299Remote evaluations of implantable heart recorder system including transmissions, technician review, support, and distribution of results up to 30 days
$786.5K
4.2K services$187.89/svc1.86x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$708.0K
10.6K services$66.94/svc2.67x markup
99214Established patient office or other outpatient, visit typically 25 minutes⚠ 3.6x markup
$452.9K
4.0K services$112.41/svc3.64x markup
93298Remote evaluations of implantable heart recorder system including physician analysis, review, and report up to 30 days⚠ 3.3x markup
$234.7K
9.8K services$23.99/svc3.31x markup
99232Subsequent hospital inpatient care, typically 25 minutes per day
$158.7K
2.5K services$64.29/svc2.47x markup
93280Evaluation, testing, and programming adjustment of permanent dual lead pacemaker system with physician analysis, review, and report⚠ 3.1x markup
$158.5K
2.6K services$60.84/svc3.15x markup
93656Evaluation and insertion of catheters for recording, pacing, and treatment of abnormal heart rhythm
$110.1K
115 services$957.32/svc2.39x markup
93285Evaluation, testing, and programming adjustment of implantable, patient activated heart recorder system including physician analysis, review, and report⚠ 3.1x markup
$109.3K
2.2K services$49.14/svc3.11x markup
93224Heart rhythm tracing, analysis, and interpretation of 48-hour EKG⚠ 4.2x markup
$108.4K
1.6K services$68.97/svc4.17x markup
33208Insertion of new or replacement of permanent pacemaker including upper and lower chamber electrodes
$105.2K
209 services$503.16/svc2.33x markup
99222Initial hospital inpatient care, typically 50 minutes per day
$98.0K
801 services$122.30/svc2.39x markup
93284Evaluation, testing, and programming adjustment of permanent multiple lead cardioverter-defibrillator including physician analysis, review, and report
$83.0K
996 services$83.36/svc2.86x markup
93000Routine EKG using at least 12 leads including interpretation and report⚠ 3.8x markup
$77.9K
5.3K services$14.58/svc3.78x markup
93293Telephonic evaluation of single, dual, or multiple lead pacemaker heart rhythm strips up to 90 days
$75.0K
1.7K services$45.46/svc2.75x markup
93283Evaluation, testing, and programming adjustment of permanent dual lead cardioverter-defibrillator including physician analysis, review, and report⚠ 3.1x markup
$60.0K
799 services$75.13/svc3.10x markup
93296Remote evaluations of single, dual, or multiple lead pacemaker or cardioverter-defibrillator transmissions, technician review, support, and distribution of results up to 90 days⚠ 3.6x markup
$58.5K
2.7K services$22.03/svc3.56x markup
93297Remote evaluations of implantable heart monitoring system with physician analysis, review, and report up to 30 days⚠ 3.2x markup
$58.3K
2.5K services$23.55/svc3.21x markup
99223Initial hospital inpatient care, typically 70 minutes per day⚠ 3.1x markup
$57.7K
313 services$184.27/svc3.10x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
G2066Interrogation device evaluation(s), (remote) up to 30 days; implantable cardiovascular physiologic monitor system, implantable loop recorder system, or subcutaneous cardiac rhythm monitor system, remote data acquisition(s), receipt of transmissions and tec8.1K$1.4M$173.153.63x
93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professional1.3K$1.1M$824.823.68x
93299Remote evaluations of implantable heart recorder system including transmissions, technician review, support, and distribution of results up to 30 days4.2K$786.5K$187.891.86x
99213Established patient office or other outpatient visit, typically 15 minutes10.6K$708.0K$66.942.67x
99214Established patient office or other outpatient, visit typically 25 minutes4.0K$452.9K$112.413.64x
93298Remote evaluations of implantable heart recorder system including physician analysis, review, and report up to 30 days9.8K$234.7K$23.993.31x
99232Subsequent hospital inpatient care, typically 25 minutes per day2.5K$158.7K$64.292.47x
93280Evaluation, testing, and programming adjustment of permanent dual lead pacemaker system with physician analysis, review, and report2.6K$158.5K$60.843.15x
93656Evaluation and insertion of catheters for recording, pacing, and treatment of abnormal heart rhythm115$110.1K$957.322.39x
93285Evaluation, testing, and programming adjustment of implantable, patient activated heart recorder system including physician analysis, review, and report2.2K$109.3K$49.143.11x
93224Heart rhythm tracing, analysis, and interpretation of 48-hour EKG1.6K$108.4K$68.974.17x
33208Insertion of new or replacement of permanent pacemaker including upper and lower chamber electrodes209$105.2K$503.162.33x
99222Initial hospital inpatient care, typically 50 minutes per day801$98.0K$122.302.39x
93284Evaluation, testing, and programming adjustment of permanent multiple lead cardioverter-defibrillator including physician analysis, review, and report996$83.0K$83.362.86x
93000Routine EKG using at least 12 leads including interpretation and report5.3K$77.9K$14.583.78x
93293Telephonic evaluation of single, dual, or multiple lead pacemaker heart rhythm strips up to 90 days1.7K$75.0K$45.462.75x
93283Evaluation, testing, and programming adjustment of permanent dual lead cardioverter-defibrillator including physician analysis, review, and report799$60.0K$75.133.10x
93296Remote evaluations of single, dual, or multiple lead pacemaker or cardioverter-defibrillator transmissions, technician review, support, and distribution of results up to 90 days2.7K$58.5K$22.033.56x
93297Remote evaluations of implantable heart monitoring system with physician analysis, review, and report up to 30 days2.5K$58.3K$23.553.21x
99223Initial hospital inpatient care, typically 70 minutes per day313$57.7K$184.273.10x

Markup Analysis

Charge-to-Payment Ratio

3.24x

This provider submits charges 3.24 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.24x means for every $100 Medicare pays, this provider initially charges $324. This is higher than the national average.

Location

Smithtown, NY

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 Clinical Cardiac Electrophysiology providers in NY for peer comparison.

Armen Ovsepian (you)
$6.7M
David Hoch, M.D.
$46.2M
Show detailed table ▾
ProviderLocationTotal PaymentsStatus
David Hoch, M.D.Roslyn, NY$46.2M✓ Clear

Related

Browse
← Back to Provider Directory
State
All providers in NY →
Specialty
All Clinical Cardiac Electrophysiology providers →
Tool
Compare this provider →
Analysis
Fraud Watchlist →
Search
Search all providers →

Share This Provider

Share this provider's Medicare payment information

Share:

Data Sources

  • • Centers for Medicare & Medicaid Services (CMS)
  • • Medicare Provider Utilization and Payment Data (2014-2023)
  • • 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.

Believe this data is inaccurate? Dispute this data