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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. Michael Stokes
❤️
MDIndividual

Michael Stokes, MD

NPI: 1720007305
Panama City, FL
10 years of data
Interventional Cardiology
$5.6M
Total Payments
54.3K
Beneficiaries
62.8K
Services
3.93x
Markup Ratio

Peer Comparison

98th
percentile in specialty
This provider$5.6M
Specialty median$201.5K

📋 Key Findings

1Billed $5.6M over 10 years
23.93x markup ratio (above median)
398th percentile in Interventional Cardiology by payments
4Payments surged 357% in 2022
59 procedures with >3x markup
✓ No flags detected

🔎 Data Analysis

This provider's $5.6M in total Medicare payments ranks in the 98th percentile of Interventional Cardiology providers nationally.

This provider's billing patterns fall within normal ranges for their specialty.

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 357% in 2022

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$558.96$113.764.91x$445.20$711.1K9.1K7.6K
2015$564.49$113.274.98x$451.22$687.3K9.0K7.5K
2016$578.94$113.195.11x$465.75$686.2K9.1K7.7K
2017$546.11$109.974.97x$436.14$613.4K8.4K7.1K
2018$491.07$101.334.85x$389.74$444.1K6.4K5.3K
2019$473.72$101.974.65x$371.75$414.9K4.7K4.1K
2020$379.70$82.714.59x$296.99$446.6K4.9K4.4K
2021$649.79$225.812.88x$423.98$129.7K928908
2022$466.31$157.702.96x$308.61$592.1K4.1K3.9K
2023$484.11$180.242.69x$303.87$891.9K6.3K5.8K

Top Procedures (20)

78452Nuclear medicine study of vessels of heart using drugs or exercise multiple studies⚠ 4.1x markup
$1.3M
3.8K services$336.29/svc4.14x markup
93306Ultrasound examination of heart including color-depicted blood flow rate, direction, and valve function⚠ 6.3x markup
$1.1M
7.8K services$142.47/svc6.30x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$492.7K
9.1K services$54.02/svc2.70x markup
78431Multiple nuclear medicine studies of blood flow in heart muscle at rest and with stress, with concurrently acquired ct transmission scan
$481.6K
249 services$1.9K/svc2.48x markup
99232Subsequent hospital inpatient care, typically 25 minutes per day
$427.7K
7.4K services$57.55/svc2.78x markup
99223Initial hospital inpatient care, typically 70 minutes per day
$266.8K
1.7K services$161.41/svc2.63x markup
99214Established patient office or other outpatient, visit typically 25 minutes
$250.0K
2.7K services$91.48/svc2.46x markup
A9502Technetium tc-99m tetrofosmin, diagnostic, per study dose
$211.8K
3.5K services$61.27/svc1.29x markup
93015Exercise or drug-induced heart and blood vessel stress test with EKG monitoring, physician supervision, interpretation, and report⚠ 4.9x markup
$201.9K
4.0K services$50.16/svc4.88x markup
J2785Injection, regadenoson, 0.1 mg
$129.0K
3.1K services$41.80/svc1.37x markup
93458Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart⚠ 6.9x markup
$102.7K
405 services$253.51/svc6.92x markup
99204New patient office or other outpatient visit, typically 45 minutes
$79.4K
644 services$123.25/svc2.77x markup
A9555Rubidium rb-82, diagnostic, per study dose, up to 60 millicuries
$78.7K
250 services$314.79/svc1.27x markup
92928Catheter insertion of stents in major coronary artery or branch, accessed through the skin⚠ 4.0x markup
$70.2K
140 services$501.22/svc3.99x markup
93000Routine EKG using at least 12 leads including interpretation and report⚠ 5.0x markup
$58.6K
4.9K services$11.89/svc5.05x markup
93010Routine electrocardiogram (EKG) using at least 12 leads with interpretation and report⚠ 4.4x markup
$44.3K
6.6K services$6.75/svc4.44x markup
93454Insertion of catheter for imaging of heart blood vessels or grafts⚠ 8.2x markup
$41.4K
243 services$170.48/svc8.21x markup
93459Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart⚠ 8.0x markup
$36.4K
127 services$287.01/svc7.96x markup
99221Initial hospital inpatient care, typically 30 minutes per day
$36.0K
440 services$81.73/svc2.45x markup
78434Nuclear medicine absolute quantification of blood flow in heart muscle
$34.8K
249 services$139.66/svc2.79x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
78452Nuclear medicine study of vessels of heart using drugs or exercise multiple studies3.8K$1.3M$336.294.14x
93306Ultrasound examination of heart including color-depicted blood flow rate, direction, and valve function7.8K$1.1M$142.476.30x
99213Established patient office or other outpatient visit, typically 15 minutes9.1K$492.7K$54.022.70x
78431Multiple nuclear medicine studies of blood flow in heart muscle at rest and with stress, with concurrently acquired ct transmission scan249$481.6K$1.9K2.48x
99232Subsequent hospital inpatient care, typically 25 minutes per day7.4K$427.7K$57.552.78x
99223Initial hospital inpatient care, typically 70 minutes per day1.7K$266.8K$161.412.63x
99214Established patient office or other outpatient, visit typically 25 minutes2.7K$250.0K$91.482.46x
A9502Technetium tc-99m tetrofosmin, diagnostic, per study dose3.5K$211.8K$61.271.29x
93015Exercise or drug-induced heart and blood vessel stress test with EKG monitoring, physician supervision, interpretation, and report4.0K$201.9K$50.164.88x
J2785Injection, regadenoson, 0.1 mg3.1K$129.0K$41.801.37x
93458Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart405$102.7K$253.516.92x
99204New patient office or other outpatient visit, typically 45 minutes644$79.4K$123.252.77x
A9555Rubidium rb-82, diagnostic, per study dose, up to 60 millicuries250$78.7K$314.791.27x
92928Catheter insertion of stents in major coronary artery or branch, accessed through the skin140$70.2K$501.223.99x
93000Routine EKG using at least 12 leads including interpretation and report4.9K$58.6K$11.895.05x
93010Routine electrocardiogram (EKG) using at least 12 leads with interpretation and report6.6K$44.3K$6.754.44x
93454Insertion of catheter for imaging of heart blood vessels or grafts243$41.4K$170.488.21x
93459Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart127$36.4K$287.017.96x
99221Initial hospital inpatient care, typically 30 minutes per day440$36.0K$81.732.45x
78434Nuclear medicine absolute quantification of blood flow in heart muscle249$34.8K$139.662.79x

Markup Analysis

Charge-to-Payment Ratio

3.93x

This provider submits charges 3.93 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.93x means for every $100 Medicare pays, this provider initially charges $393. This is higher than the national average.

Location

Panama City, FL

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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