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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. Naumit Bhandari
⚕️
MDIndividual

Naumit Bhandari, M.D.

NPI: 1710207360
Shavano Park, TX
9 years of data
Pain Management
$7.3M
Total Payments
24.5K
Beneficiaries
71.1K
Services
9.17x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$7.3M
Specialty median$156.5K

📋 Key Findings

1Billed $7.3M over 9 years
29.17x markup ratio (above median)
399th percentile in Pain Management by payments
4Payments surged 607% in 2016
517 procedures with >3x markup
✓ No flags detected

🔎 Data Analysis

This provider's $7.3M in total Medicare payments ranks in the 99th percentile of Pain Management providers nationally.

Their average markup ratio of 9.17x is significantly above the specialty median of 5.1x.

Medicare payments to this provider grew 2188% from 2015 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 607% 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 — the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2015$582.30$75.857.68x$506.45$42.3K515426
2016$741.46$79.449.33x$662.02$299.1K4.3K2.6K
2017$740.85$74.669.92x$666.19$247.4K3.5K2.1K
2018$647.66$64.6010.03x$583.06$242.9K3.7K2.2K
2019$1.8K$104.0117.33x$1.7K$390.0K5.6K2.4K
2020$2.1K$135.3615.23x$1.9K$1.0M8.8K2.9K
2021$2.0K$211.219.55x$1.8K$3.3M12.3K3.6K
2022$1.8K$92.3719.78x$1.7K$831.6K15.6K4.1K
2023$1.8K$93.9519.45x$1.7K$968.5K16.7K4.1K

Top Procedures (20)

Q4215Axolotl ambient or axolotl cryo, 0.1 mg
$1.7M
350 services$4.9K/svc1.61x markup
Q4206Fluid flow or fluid gf, 1 cc
$1.4M
842 services$1.7K/svc1.52x markup
99214Established patient office or other outpatient, visit typically 25 minutes⚠ 5.1x markup
$935.6K
11.2K services$83.68/svc5.07x markup
99213Established patient office or other outpatient visit, typically 15 minutes⚠ 6.3x markup
$415.5K
6.4K services$65.41/svc6.35x markup
64483Injections of anesthetic and/or steroid drug into lower or sacral spine nerve root using imaging guidance⚠ 16.4x markup
$343.1K
1.9K services$181.16/svc16.40x markup
77002Fluoroscopic guidance for insertion of needle⚠ 39.1x markup
$223.7K
2.5K services$88.02/svc39.11x markup
64635Destruction of lower or sacral spinal facet joint nerves using imaging guidance⚠ 17.3x markup
$202.1K
533 services$379.22/svc17.31x markup
64493Injections of lower or sacral spine facet joint using imaging guidance⚠ 21.5x markup
$151.6K
938 services$161.59/svc21.53x markup
64484Injections of anesthetic and/or steroid drug into lower or sacral spine nerve root using imaging guidance⚠ 30.1x markup
$126.4K
1.5K services$82.19/svc30.13x markup
27093Injection of dye for X-ray imaging of hip joint
$110.3K
585 services$188.47/svc2.83x markup
27369Injection of contrast for imaging of knee joint⚠ 3.3x markup
$110.2K
796 services$138.49/svc3.25x markup
J7324Hyaluronan or derivative, orthovisc, for intra-articular injection, per dose⚠ 5.9x markup
$107.6K
847 services$127.06/svc5.90x markup
99204New patient office or other outpatient visit, typically 45 minutes⚠ 3.9x markup
$106.1K
921 services$115.19/svc3.91x markup
64636Destruction of lower or sacral spinal facet joint nerves with imaging guidance⚠ 34.2x markup
$85.3K
533 services$159.96/svc34.18x markup
20610Aspiration and/or injection of large joint or joint capsule⚠ 19.0x markup
$82.3K
2.5K services$33.37/svc19.04x markup
99152Moderate sedation services by physician also performing a procedure, patient 5 years of age or older, first 15 minutes⚠ 67.9x markup
$81.7K
2.4K services$34.19/svc67.94x markup
72275Radiological supervision and interpretation X-ray of covering of spinal cord⚠ 14.1x markup
$80.8K
779 services$103.75/svc14.08x markup
64494Injections of lower or sacral spine facet joint using imaging guidance⚠ 32.9x markup
$80.2K
922 services$86.99/svc32.88x markup
73580Radiological supervision and interpretation x-ray of knee joint⚠ 3.4x markup
$72.7K
711 services$102.24/svc3.36x markup
64633Destruction of upper or middle spinal facet joint nerves using imaging guidance⚠ 20.5x markup
$66.1K
212 services$311.80/svc20.49x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
Q4215Axolotl ambient or axolotl cryo, 0.1 mg350$1.7M$4.9K1.61x
Q4206Fluid flow or fluid gf, 1 cc842$1.4M$1.7K1.52x
99214Established patient office or other outpatient, visit typically 25 minutes11.2K$935.6K$83.685.07x
99213Established patient office or other outpatient visit, typically 15 minutes6.4K$415.5K$65.416.35x
64483Injections of anesthetic and/or steroid drug into lower or sacral spine nerve root using imaging guidance1.9K$343.1K$181.1616.40x
77002Fluoroscopic guidance for insertion of needle2.5K$223.7K$88.0239.11x
64635Destruction of lower or sacral spinal facet joint nerves using imaging guidance533$202.1K$379.2217.31x
64493Injections of lower or sacral spine facet joint using imaging guidance938$151.6K$161.5921.53x
64484Injections of anesthetic and/or steroid drug into lower or sacral spine nerve root using imaging guidance1.5K$126.4K$82.1930.13x
27093Injection of dye for X-ray imaging of hip joint585$110.3K$188.472.83x
27369Injection of contrast for imaging of knee joint796$110.2K$138.493.25x
J7324Hyaluronan or derivative, orthovisc, for intra-articular injection, per dose847$107.6K$127.065.90x
99204New patient office or other outpatient visit, typically 45 minutes921$106.1K$115.193.91x
64636Destruction of lower or sacral spinal facet joint nerves with imaging guidance533$85.3K$159.9634.18x
20610Aspiration and/or injection of large joint or joint capsule2.5K$82.3K$33.3719.04x
99152Moderate sedation services by physician also performing a procedure, patient 5 years of age or older, first 15 minutes2.4K$81.7K$34.1967.94x
72275Radiological supervision and interpretation X-ray of covering of spinal cord779$80.8K$103.7514.08x
64494Injections of lower or sacral spine facet joint using imaging guidance922$80.2K$86.9932.88x
73580Radiological supervision and interpretation x-ray of knee joint711$72.7K$102.243.36x
64633Destruction of upper or middle spinal facet joint nerves using imaging guidance212$66.1K$311.8020.49x

Markup Analysis

Charge-to-Payment Ratio

9.17x

This provider submits charges 9.17 times higher than what Medicare actually pays.

What This Means

A markup ratio of 9.17x means for every $100 Medicare pays, this provider initially charges $917. This is higher than the national average.

Location

Shavano Park, TX

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.

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