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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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Methodology•Download Data
  1. Home
  2. Providers
  3. Raza Hashmi
⚕️
MDIndividual

Raza Hashmi, M.D.

NPI: 1700089521
Memphis, TN
10 years of data
Rheumatology
$19.4M
Total Payments
448
Beneficiaries
2.3M
Services
2.94x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$19.4M
Specialty median$352.6K

📋 Key Findings

1Billed $19.4M over 10 years
22.94x markup ratio (above median)
399th percentile in Rheumatology by payments
4918 services/day — physically implausible
5Payments surged 1598% in 2018
66 procedures with >3x markup

⚠️ This provider averages 918 services per working day — physically unusual for an individual practitioner

Based on 2.3M total services over 10 years (250 working days/year). Learn about impossible service volumes →

🔎 Data Analysis

This provider's $19.4M in total Medicare payments ranks in the 99th percentile of Rheumatology providers nationally.

Averaging 918 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 2441% 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 1598% in 2018

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$226.21$75.183.01x$151.03$154.2K2.1K13
2015$247.70$75.993.26x$171.71$60.3K7937
2016$126.48$60.492.09x$65.99$7.9K1303
2017$68.73$22.982.99x$45.75$101.2K4.4K44
2018$25.97$9.622.70x$16.35$1.7M178.6K72
2019$26.97$9.692.78x$17.28$2.4M252.5K67
2020$26.75$10.042.66x$16.71$3.1M312.6K67
2021$24.97$8.972.78x$16.00$4.1M453.0K63
2022$22.49$7.193.13x$15.30$3.8M530.6K56
2023$23.32$7.003.33x$16.32$3.9M559.8K56

Top Procedures (20)

J0717Injection, certolizumab pegol, 1 mg (code may be used for medicare when drug administered under the direct supervision of a physician, not for use when drug is self administered)⚠ 3.1x markup
$7.9M
1.5M services$5.22/svc3.06x markup
J0129Injection, abatacept, 10 mg (code may be used for medicare when drug administered under the direct supervision of a physician, not for use when drug is self administered)
$4.1M
109.4K services$37.42/svc2.94x markup
J3262Injection, tocilizumab, 1 mg
$1.3M
284.4K services$4.52/svc2.31x markup
J0897Injection, denosumab, 1 mg
$1.2M
74.3K services$16.38/svc1.77x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$612.8K
7.5K services$82.26/svc2.49x markup
86235Measurement of antibody for assessment of autoimmune disorder, any method
$321.4K
17.8K services$18.10/svc2.43x markup
Q5121Injection, infliximab-axxq, biosimilar, (avsola), 10 mg
$294.2K
8.5K services$34.53/svc2.98x markup
96401Administration of non-hormonal anti-neoplastic chemotherapy under skin or into muscle
$276.1K
5.2K services$53.34/svc2.53x markup
83970Parathormone (parathyroid hormone) level
$268.6K
6.5K services$41.45/svc2.77x markup
96413Administration of chemotherapy into vein, 1 hour or less
$207.6K
2.2K services$92.91/svc2.69x markup
82306Vitamin d-3 level
$173.1K
5.8K services$29.90/svc2.71x markup
J3111Injection, romosozumab-aqqg, 1 mg
$158.6K
19.9K services$7.95/svc2.26x markup
96372Injection of drug or substance under skin or into muscle⚠ 5.3x markup
$139.8K
13.4K services$10.46/svc5.26x markup
86769Measure of severe acute respiratory syndrome coronavirus 2 (covid-19) antibody
$138.4K
3.4K services$40.71/svc2.46x markup
Q5104Injection, infliximab-abda, biosimilar, (renflexis), 10 mg⚠ 3.9x markup
$135.4K
4.6K services$29.74/svc3.91x markup
J1602Injection, golimumab, 1 mg, for intravenous use⚠ 5.1x markup
$128.6K
12.8K services$10.09/svc5.06x markup
82607Cyanocobalamin (vitamin b-12) level⚠ 4.0x markup
$112.2K
7.4K services$15.10/svc3.97x markup
82746Folic acid level, serum⚠ 3.9x markup
$109.0K
7.4K services$14.72/svc3.94x markup
99204New patient office or other outpatient visit, 45-59 minutes
$99.0K
881 services$112.32/svc2.81x markup
99232Subsequent hospital inpatient care, typically 25 minutes per day
$78.5K
1.5K services$53.73/svc2.99x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0717Injection, certolizumab pegol, 1 mg (code may be used for medicare when drug administered under the direct supervision of a physician, not for use when drug is self administered)1.5M$7.9M$5.223.06x
J0129Injection, abatacept, 10 mg (code may be used for medicare when drug administered under the direct supervision of a physician, not for use when drug is self administered)109.4K$4.1M$37.422.94x
J3262Injection, tocilizumab, 1 mg284.4K$1.3M$4.522.31x
J0897Injection, denosumab, 1 mg74.3K$1.2M$16.381.77x
99214Established patient office or other outpatient visit, 30-39 minutes7.5K$612.8K$82.262.49x
86235Measurement of antibody for assessment of autoimmune disorder, any method17.8K$321.4K$18.102.43x
Q5121Injection, infliximab-axxq, biosimilar, (avsola), 10 mg8.5K$294.2K$34.532.98x
96401Administration of non-hormonal anti-neoplastic chemotherapy under skin or into muscle5.2K$276.1K$53.342.53x
83970Parathormone (parathyroid hormone) level6.5K$268.6K$41.452.77x
96413Administration of chemotherapy into vein, 1 hour or less2.2K$207.6K$92.912.69x
82306Vitamin d-3 level5.8K$173.1K$29.902.71x
J3111Injection, romosozumab-aqqg, 1 mg19.9K$158.6K$7.952.26x
96372Injection of drug or substance under skin or into muscle13.4K$139.8K$10.465.26x
86769Measure of severe acute respiratory syndrome coronavirus 2 (covid-19) antibody3.4K$138.4K$40.712.46x
Q5104Injection, infliximab-abda, biosimilar, (renflexis), 10 mg4.6K$135.4K$29.743.91x
J1602Injection, golimumab, 1 mg, for intravenous use12.8K$128.6K$10.095.06x
82607Cyanocobalamin (vitamin b-12) level7.4K$112.2K$15.103.97x
82746Folic acid level, serum7.4K$109.0K$14.723.94x
99204New patient office or other outpatient visit, 45-59 minutes881$99.0K$112.322.81x
99232Subsequent hospital inpatient care, typically 25 minutes per day1.5K$78.5K$53.732.99x

Markup Analysis

Charge-to-Payment Ratio

2.94x

This provider submits charges 2.94 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.94x means for every $100 Medicare pays, this provider initially charges $294. This is higher than the national average.

Location

Memphis, TN

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

  • • 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