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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. Justin Ratcliffe
❤️
MDIndividual

Justin Ratcliffe, M.D.

NPI: 1770747123
Brooklyn, NY
9 years of data
Cardiology
$21.8M
Total Payments
18.1K
Beneficiaries
26.4K
Services
2.64x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$21.8M
Specialty median$193.1K

📋 Key Findings

1Billed $21.8M over 9 years
22.64x markup ratio (above median)
399th percentile in Cardiology by payments
4Payments surged 66% in 2016
510 procedures with >3x markup
✓ No flags detected

🔎 Data Analysis

This provider's $21.8M in total Medicare payments ranks in the 99th percentile of 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 66% 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$4.1K$1.5K2.80x$2.6K$2.7M1.6K1.1K
2016$3.2K$1.1K2.88x$2.1K$4.4M3.3K2.1K
2017$3.1K$979.173.16x$2.1K$3.2M3.3K2.2K
2018$3.6K$1.6K2.17x$1.9K$3.2M3.3K2.2K
2019$2.1K$818.292.59x$1.3K$1.5M2.9K2.1K
2020$3.0K$971.463.06x$2.0K$1.5M2.4K1.7K
2021$2.1K$788.492.63x$1.3K$2.0M3.4K2.3K
2022$2.4K$830.742.95x$1.6K$1.4M3.1K2.0K
2023$2.6K$791.073.32x$1.8K$1.8M3.2K2.2K

Top Procedures (20)

37229Removal of plaque in artery in one leg, endovascular, accessed through the skin or open procedure
$9.8M
1.3K services$7.7K/svc2.40x markup
37225Removal of plaque in arteries in one leg, endovascular, accessed through the skin or open procedure
$8.2M
972 services$8.5K/svc2.23x markup
93306Ultrasound examination of heart including color-depicted blood flow rate, direction, and valve function
$550.7K
3.1K services$180.20/svc2.75x markup
99213Established patient office or other outpatient visit, typically 15 minutes
$463.6K
6.5K services$71.20/svc2.57x markup
36247Insertion of catheter into abdominal pelvic or leg artery⚠ 4.7x markup
$420.6K
498 services$844.59/svc4.74x markup
93925Ultrasound study of arteries and arterial grafts of both legs
$384.4K
1.6K services$238.01/svc2.26x markup
37227Removal of plaque and insertion of stents into arteries in one leg, endovascular, accessed through the skin or open procedure
$292.3K
21 services$13.9K/svc1.35x markup
93970Ultrasound scan of veins of both arms or legs including assessment of compression and functional maneuvers
$232.9K
1.3K services$181.55/svc2.27x markup
93922Ultrasound study of arteries of both arms and legs⚠ 4.1x markup
$143.3K
2.0K services$72.56/svc4.13x markup
92928Catheter insertion of stents in major coronary artery or branch, accessed through the skin⚠ 4.0x markup
$142.0K
253 services$561.20/svc4.03x markup
37233Removal of plaque in artery in one leg, endovascular, accessed through the skin or open procedure⚠ 4.4x markup
$136.6K
100 services$1.4K/svc4.39x markup
93880Ultrasound scanning of blood flow (outside the brain) on both sides of head and neck
$118.4K
650 services$182.18/svc2.30x markup
75710Radiological supervision and interpretation of imaging of artery of one arm or leg⚠ 13.4x markup
$102.5K
685 services$149.62/svc13.37x markup
36140Insertion of needle or catheter into an artery of arm or leg⚠ 4.8x markup
$101.9K
487 services$209.17/svc4.78x markup
93458Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart⚠ 10.0x markup
$94.8K
430 services$220.38/svc10.03x markup
37238Insertion of stent in vein with review by radiologist, initial vein⚠ 3.7x markup
$72.0K
22 services$3.3K/svc3.67x markup
36475Destruction of insufficient vein of arm or leg, accessed through the skin⚠ 3.3x markup
$68.6K
56 services$1.2K/svc3.26x markup
99203New patient office or other outpatient visit, typically 30 minutes
$62.7K
633 services$99.13/svc2.49x markup
37252Ultrasound evaluation of blood vessel during diagnosis or treatment, initial vessel
$58.2K
60 services$970.79/svc2.58x markup
76937Ultrasound guidance for accessing into blood vessel⚠ 33.1x markup
$39.9K
1.3K services$30.22/svc33.09x markup
Show detailed table ▾
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
37229Removal of plaque in artery in one leg, endovascular, accessed through the skin or open procedure1.3K$9.8M$7.7K2.40x
37225Removal of plaque in arteries in one leg, endovascular, accessed through the skin or open procedure972$8.2M$8.5K2.23x
93306Ultrasound examination of heart including color-depicted blood flow rate, direction, and valve function3.1K$550.7K$180.202.75x
99213Established patient office or other outpatient visit, typically 15 minutes6.5K$463.6K$71.202.57x
36247Insertion of catheter into abdominal pelvic or leg artery498$420.6K$844.594.74x
93925Ultrasound study of arteries and arterial grafts of both legs1.6K$384.4K$238.012.26x
37227Removal of plaque and insertion of stents into arteries in one leg, endovascular, accessed through the skin or open procedure21$292.3K$13.9K1.35x
93970Ultrasound scan of veins of both arms or legs including assessment of compression and functional maneuvers1.3K$232.9K$181.552.27x
93922Ultrasound study of arteries of both arms and legs2.0K$143.3K$72.564.13x
92928Catheter insertion of stents in major coronary artery or branch, accessed through the skin253$142.0K$561.204.03x
37233Removal of plaque in artery in one leg, endovascular, accessed through the skin or open procedure100$136.6K$1.4K4.39x
93880Ultrasound scanning of blood flow (outside the brain) on both sides of head and neck650$118.4K$182.182.30x
75710Radiological supervision and interpretation of imaging of artery of one arm or leg685$102.5K$149.6213.37x
36140Insertion of needle or catheter into an artery of arm or leg487$101.9K$209.174.78x
93458Insertion of catheter in left heart for imaging of blood vessels or grafts and left lower heart430$94.8K$220.3810.03x
37238Insertion of stent in vein with review by radiologist, initial vein22$72.0K$3.3K3.67x
36475Destruction of insufficient vein of arm or leg, accessed through the skin56$68.6K$1.2K3.26x
99203New patient office or other outpatient visit, typically 30 minutes633$62.7K$99.132.49x
37252Ultrasound evaluation of blood vessel during diagnosis or treatment, initial vessel60$58.2K$970.792.58x
76937Ultrasound guidance for accessing into blood vessel1.3K$39.9K$30.2233.09x

Markup Analysis

Charge-to-Payment Ratio

2.64x

This provider submits charges 2.64 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.64x means for every $100 Medicare pays, this provider initially charges $264. This is higher than the national average.

Location

Brooklyn, NY

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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