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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. Ramin Sarrafizadeh
๐Ÿ‘๏ธ
MDIndividual

Ramin Sarrafizadeh, MD

NPI: 1700813391
Colorado Springs, CO
10 years of data
Ophthalmology
$25.8M
Total Payments
188
Beneficiaries
192.0K
Services
4.04x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$25.8M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $25.8M over 10 years
24.04x markup ratio (above median)
399th percentile in Ophthalmology by payments
477 services/day โ€” unusually high
5Payments surged 83% in 2016
616 procedures with >3x markup

This provider averages 77 services per working day

Based on 192.0K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $25.8M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 77 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 300% 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

๐Ÿ“ˆ

Notable: Payments increased 83% in 2016

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$323.31$172.751.87x$150.56$857.5K5.0K14
2015$426.90$128.933.31x$297.97$1.1M8.6K20
2016$573.58$159.913.59x$413.67$2.0M12.7K22
2017$761.30$199.113.82x$562.19$2.7M13.7K23
2018$837.88$214.403.91x$623.48$3.2M14.8K23
2019$903.87$224.654.02x$679.22$3.3M14.5K21
2020$931.67$222.614.19x$709.06$3.3M14.7K17
2021$939.25$214.174.39x$725.08$3.3M15.5K16
2022$659.42$143.244.60x$516.18$2.7M18.5K17
2023$208.49$46.304.50x$162.19$3.4M74.1K15

Top Procedures (20)

J0178Injection, aflibercept, 1 mgโš  4.0x markup
$8.1M
10.9K services$743.07/svc3.99x markup
J2778Injection, ranibizumab, 0.1 mgโš  4.6x markup
$7.5M
29.0K services$259.76/svc4.60x markup
J2777Injection, faricimab-svoa, 0.1 mgโš  4.0x markup
$2.0M
69.3K services$29.10/svc4.00x markup
67028Injection of drug into eyeโš  4.9x markup
$1.3M
13.2K services$98.53/svc4.86x markup
92014Established patient complete exam of visual systemโš  3.3x markup
$1.0M
11.3K services$90.93/svc3.25x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$882.4K
5.7K services$156.01/svc2.98x markup
92235Exam of retinal blood vessels using a special camera after injection of a dyeโš  3.2x markup
$590.7K
7.5K services$79.00/svc3.19x markup
92134Imaging of retinaโš  3.3x markup
$578.6K
18.2K services$31.73/svc3.32x markup
J7313Injection, fluocinolone acetonide, intravitreal implant, 0.01 mgโš  3.9x markup
$548.2K
1.4K services$384.69/svc3.91x markup
J0179Injection, brolucizumab-dbll, 1 mgโš  4.1x markup
$448.3K
1.8K services$249.89/svc4.13x markup
92012Established patient problem focused exam of visual system
$268.9K
4.0K services$67.33/svc2.95x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retinaโš  3.7x markup
$264.6K
297 services$890.94/svc3.66x markup
67210Destruction of growth of retina using a laser
$262.8K
643 services$408.66/svc2.75x markup
92250Photography of the retinaโš  3.3x markup
$249.8K
5.6K services$44.38/svc3.33x markup
92242Exam of retinal blood vessels and blood vessels between the white part of eye and retina using a special camera after injection of a dyeโš  3.1x markup
$241.2K
1.3K services$192.02/svc3.10x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retinaโš  3.5x markup
$224.4K
227 services$988.41/svc3.49x markup
J7314Injection, fluocinolone acetonide, intravitreal implant (yutiq), 0.01 mgโš  3.9x markup
$191.9K
486 services$394.84/svc3.89x markup
J2781Injection, pegcetacoplan, intravitreal, 1 mgโš  3.9x markup
$166.6K
1.4K services$118.15/svc3.90x markup
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits
$139.2K
1.3K services$104.60/svc2.87x markup
J9035Injection, bevacizumab, 10 mgโš  3.7x markup
$125.7K
2.2K services$57.32/svc3.70x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg10.9K$8.1M$743.073.99x
J2778Injection, ranibizumab, 0.1 mg29.0K$7.5M$259.764.60x
J2777Injection, faricimab-svoa, 0.1 mg69.3K$2.0M$29.104.00x
67028Injection of drug into eye13.2K$1.3M$98.534.86x
92014Established patient complete exam of visual system11.3K$1.0M$90.933.25x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg5.7K$882.4K$156.012.98x
92235Exam of retinal blood vessels using a special camera after injection of a dye7.5K$590.7K$79.003.19x
92134Imaging of retina18.2K$578.6K$31.733.32x
J7313Injection, fluocinolone acetonide, intravitreal implant, 0.01 mg1.4K$548.2K$384.693.91x
J0179Injection, brolucizumab-dbll, 1 mg1.8K$448.3K$249.894.13x
92012Established patient problem focused exam of visual system4.0K$268.9K$67.332.95x
67042Removal of membrane of retina with removal of internal limiting membrane of retina297$264.6K$890.943.66x
67210Destruction of growth of retina using a laser643$262.8K$408.662.75x
92250Photography of the retina5.6K$249.8K$44.383.33x
92242Exam of retinal blood vessels and blood vessels between the white part of eye and retina using a special camera after injection of a dye1.3K$241.2K$192.023.10x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina227$224.4K$988.413.49x
J7314Injection, fluocinolone acetonide, intravitreal implant (yutiq), 0.01 mg486$191.9K$394.843.89x
J2781Injection, pegcetacoplan, intravitreal, 1 mg1.4K$166.6K$118.153.90x
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits1.3K$139.2K$104.602.87x
J9035Injection, bevacizumab, 10 mg2.2K$125.7K$57.323.70x

Markup Analysis

Charge-to-Payment Ratio

4.04x

This provider submits charges 4.04 times higher than what Medicare actually pays.

What This Means

A markup ratio of 4.04x means for every $100 Medicare pays, this provider initially charges $404. This is higher than the national average.

Location

Colorado Springs, CO

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

  • 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.

Believe this data is inaccurate? Dispute this data