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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. Michael Elman
๐Ÿ‘๏ธ
MDIndividual

Michael Elman, M.D.

NPI: 1760421929
Baltimore, MD
10 years of data
Ophthalmology
$68.5M
Total Payments
188
Beneficiaries
421.9K
Services
3.38x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$68.5M
Specialty median$383.7K
Rank #10 of 189 in specialty

๐Ÿ“‹ Key Findings

1Billed $68.5M over 10 years
23.38x markup ratio (above median)
399th percentile in Ophthalmology by payments
4169 services/day โ€” unusually high
57 procedures with >3x markup

This provider averages 169 services per working day

Based on 421.9K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $68.5M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 169 services per working day raises questions about billing patterns.

AI-generated analysis based on Medicare payment data.

Annual Medicare Payments

Annual Services Provided

Avg Payment per Service

Markup Ratio Over Time

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$551.36$179.383.07x$371.98$5.4M30.3K17
2015$587.31$188.593.11x$398.72$5.5M29.3K18
2016$576.66$181.363.18x$395.30$5.2M28.6K21
2017$661.29$202.833.26x$458.46$7.6M37.6K17
2018$664.29$204.913.24x$459.38$9.1M44.3K18
2019$657.52$195.363.37x$462.16$8.8M45.2K17
2020$684.00$195.253.50x$488.75$8.2M42.0K17
2021$677.61$188.913.59x$488.70$7.9M41.9K21
2022$485.94$131.093.71x$354.85$7.0M53.0K21
2023$204.09$53.813.79x$150.28$3.7M69.6K21

Top Procedures (20)

J2778Injection, ranibizumab, 0.1 mgโš  3.7x markup
$37.4M
136.6K services$273.47/svc3.66x markup
J0178Injection, aflibercept, 1 mgโš  3.7x markup
$12.9M
17.6K services$735.23/svc3.68x markup
92014Established patient complete exam of visual system
$4.4M
43.4K services$102.14/svc1.55x markup
67028Injection of drug into eyeโš  3.6x markup
$3.6M
39.4K services$92.70/svc3.65x markup
J2777Injection, faricimab-svoa, 0.1 mgโš  3.4x markup
$2.1M
70.6K services$29.19/svc3.43x markup
92235Exam of retinal blood vessels using a special camera after injection of a dyeโš  3.1x markup
$1.6M
19.3K services$84.68/svc3.07x markup
92134Imaging of retina
$1.5M
41.9K services$34.86/svc2.44x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$1.1M
10.3K services$107.35/svc1.65x markup
J3590Unclassified biologicsโš  3.4x markup
$925.6K
528 services$1.8K/svc3.38x markup
92250Photography of the retina
$756.8K
15.7K services$48.24/svc1.98x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mgโš  3.6x markup
$692.3K
4.4K services$156.24/svc3.65x markup
92012Established patient problem focused exam of visual system
$678.7K
9.3K services$72.89/svc1.48x markup
99204New patient office or other outpatient visit, 45-59 minutes
$295.4K
2.2K services$132.43/svc1.68x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$178.8K
2.3K services$77.49/svc1.55x markup
92083Exam of visual field with extended testing
$60.1K
1.2K services$51.04/svc2.40x markup
J2781Injection, pegcetacoplan, intravitreal, 1 mg
$52.4K
435 services$120.36/svc2.99x markup
92225Examination of eye by ophthalmoscope with retinal drawing
$50.5K
2.2K services$23.12/svc2.62x markup
99205New patient office or other outpatient visit, 60-74 minutes
$36.2K
191 services$189.78/svc1.91x markup
92226Examination of eye by ophthalmoscope with retinal drawing
$34.7K
1.9K services$18.65/svc2.75x markup
99215Established patient office or other outpatient visit, 40-54 minutes
$28.4K
184 services$154.48/svc1.60x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J2778Injection, ranibizumab, 0.1 mg136.6K$37.4M$273.473.66x
J0178Injection, aflibercept, 1 mg17.6K$12.9M$735.233.68x
92014Established patient complete exam of visual system43.4K$4.4M$102.141.55x
67028Injection of drug into eye39.4K$3.6M$92.703.65x
J2777Injection, faricimab-svoa, 0.1 mg70.6K$2.1M$29.193.43x
92235Exam of retinal blood vessels using a special camera after injection of a dye19.3K$1.6M$84.683.07x
92134Imaging of retina41.9K$1.5M$34.862.44x
99214Established patient office or other outpatient visit, 30-39 minutes10.3K$1.1M$107.351.65x
J3590Unclassified biologics528$925.6K$1.8K3.38x
92250Photography of the retina15.7K$756.8K$48.241.98x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg4.4K$692.3K$156.243.65x
92012Established patient problem focused exam of visual system9.3K$678.7K$72.891.48x
99204New patient office or other outpatient visit, 45-59 minutes2.2K$295.4K$132.431.68x
99213Established patient office or other outpatient visit, 20-29 minutes2.3K$178.8K$77.491.55x
92083Exam of visual field with extended testing1.2K$60.1K$51.042.40x
J2781Injection, pegcetacoplan, intravitreal, 1 mg435$52.4K$120.362.99x
92225Examination of eye by ophthalmoscope with retinal drawing2.2K$50.5K$23.122.62x
99205New patient office or other outpatient visit, 60-74 minutes191$36.2K$189.781.91x
92226Examination of eye by ophthalmoscope with retinal drawing1.9K$34.7K$18.652.75x
99215Established patient office or other outpatient visit, 40-54 minutes184$28.4K$154.481.60x

Markup Analysis

Charge-to-Payment Ratio

3.38x

This provider submits charges 3.38 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.38x means for every $100 Medicare pays, this provider initially charges $338. This is higher than the national average.

Location

Baltimore, MD

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 Ophthalmology providers in MD for peer comparison.

Michael Elman (you)
$68.5M
David Warrow, M.D.
$65.5M
Raymond Sjaarda, M.D.
$47.2M
Allen Hu, MD
$45.7M
James Rial, M.D.
$45.2M
Joseph Schwartz, M.D.
$44.0M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
David Warrow, M.D.Hagerstown, MD$65.5Mโœ“ Clear
Raymond Sjaarda, M.D.Baltimore, MD$47.2Mโœ“ Clear
Allen Hu, MDHagerstown, MD$45.7Mโœ“ Clear
James Rial, M.D.Salisbury, MD$45.2Mโœ“ Clear
Joseph Schwartz, M.D.Salisbury, MD$44.0Mโœ“ Clear

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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