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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. Matthew Reed
๐Ÿ‘๏ธ
MDIndividual

Matthew Reed, MD

NPI: 1790753564
Newport News, VA
10 years of data
Ophthalmology
$35.8M
Total Payments
156
Beneficiaries
217.9K
Services
2.48x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$35.8M
Specialty median$383.7K
Rank #152 of 189 in specialty

๐Ÿ“‹ Key Findings

1Billed $35.8M over 10 years
22.48x markup ratio (above median)
399th percentile in Ophthalmology by payments
487 services/day โ€” unusually high
53 procedures with >3x markup

This provider averages 87 services per working day

Based on 217.9K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $35.8M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 87 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 100% 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

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$444.95$190.052.34x$254.90$2.3M12.1K17
2015$466.63$198.722.35x$267.91$2.6M13.0K17
2016$472.97$206.632.29x$266.34$2.9M13.9K15
2017$484.39$213.142.27x$271.25$3.1M14.4K14
2018$500.24$214.722.33x$285.52$3.4M16.0K15
2019$507.22$206.742.45x$300.48$3.4M16.6K16
2020$588.60$233.462.52x$355.14$4.2M18.1K14
2021$609.23$238.572.55x$370.66$4.9M20.7K16
2022$404.35$151.912.66x$252.44$4.3M28.6K18
2023$196.95$71.342.76x$125.61$4.6M64.6K14

Top Procedures (20)

J2778Injection, ranibizumab, 0.1 mg
$15.2M
55.2K services$275.14/svc2.36x markup
J0178Injection, aflibercept, 1 mg
$13.1M
17.9K services$729.59/svc1.92x markup
J2777Injection, faricimab-svoa, 0.1 mg
$1.8M
62.1K services$29.12/svc2.20x markup
67028Injection of drug into eyeโš  8.5x markup
$1.7M
19.3K services$87.86/svc8.52x markup
92014Established patient complete exam of visual system
$1.4M
15.5K services$88.00/svc2.31x markup
92134Imaging of retina
$1.0M
33.7K services$31.10/svc2.53x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$370.7K
2.4K services$154.83/svc1.54x markup
J3590Unclassified biologics
$246.4K
126 services$2.0K/svc2.10x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$225.1K
4.1K services$55.11/svc2.11x markup
67041Removal of membrane of retina
$137.8K
156 services$883.10/svc2.39x markup
92250Photography of the retinaโš  3.7x markup
$116.0K
3.2K services$35.92/svc3.71x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retina
$109.6K
116 services$944.99/svc2.48x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina
$96.6K
94 services$1.0K/svc2.53x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$75.7K
1.0K services$73.97/svc2.19x markup
67113Repair of detached retina and drainage of eye fluid between lens and retina
$54.2K
48 services$1.1K/svc2.18x markup
99204New patient office or other outpatient visit, 45-59 minutes
$43.9K
395 services$111.26/svc2.33x markup
J9035Injection, bevacizumab, 10 mg
$37.6K
681 services$55.28/svc2.70x markup
67036Removal of eye fluid (vitreous) between the lens and retina
$24.3K
38 services$639.54/svc2.36x markup
67228Destruction of leaking blood vessels of retina using laserโš  7.5x markup
$18.2K
72 services$252.53/svc7.50x markup
92235Imaging of blood vessels in back of eye using fluorescein dye
$16.4K
212 services$77.58/svc2.91x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J2778Injection, ranibizumab, 0.1 mg55.2K$15.2M$275.142.36x
J0178Injection, aflibercept, 1 mg17.9K$13.1M$729.591.92x
J2777Injection, faricimab-svoa, 0.1 mg62.1K$1.8M$29.122.20x
67028Injection of drug into eye19.3K$1.7M$87.868.52x
92014Established patient complete exam of visual system15.5K$1.4M$88.002.31x
92134Imaging of retina33.7K$1.0M$31.102.53x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg2.4K$370.7K$154.831.54x
J3590Unclassified biologics126$246.4K$2.0K2.10x
99213Established patient office or other outpatient visit, 20-29 minutes4.1K$225.1K$55.112.11x
67041Removal of membrane of retina156$137.8K$883.102.39x
92250Photography of the retina3.2K$116.0K$35.923.71x
67042Removal of membrane of retina with removal of internal limiting membrane of retina116$109.6K$944.992.48x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina94$96.6K$1.0K2.53x
99214Established patient office or other outpatient visit, 30-39 minutes1.0K$75.7K$73.972.19x
67113Repair of detached retina and drainage of eye fluid between lens and retina48$54.2K$1.1K2.18x
99204New patient office or other outpatient visit, 45-59 minutes395$43.9K$111.262.33x
J9035Injection, bevacizumab, 10 mg681$37.6K$55.282.70x
67036Removal of eye fluid (vitreous) between the lens and retina38$24.3K$639.542.36x
67228Destruction of leaking blood vessels of retina using laser72$18.2K$252.537.50x
92235Imaging of blood vessels in back of eye using fluorescein dye212$16.4K$77.582.91x

Markup Analysis

Charge-to-Payment Ratio

2.48x

This provider submits charges 2.48 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.48x means for every $100 Medicare pays, this provider initially charges $248. This is higher than the national average.

Location

Newport News, VA

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 VA for peer comparison.

Matthew Reed (you)
$35.8M
Timothy Byrnes, MD
$53.3M
James Tiedeman
$51.1M
Juan Astruc, M.D.
$46.6M
Kapil Kapoor, MD
$43.0M
Alan Wagner, MD
$42.8M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Timothy Byrnes, MDRoanoke, VA$53.3Mโœ“ Clear
James TiedemanFishersville, VA$51.1Mโœ“ Clear
Juan Astruc, M.D.Richmond, VA$46.6Mโœ“ Clear
Kapil Kapoor, MDNorfolk, VA$43.0Mโœ“ Clear
Alan Wagner, MDNorfolk, VA$42.8Mโœ“ 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.

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