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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
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  2. Providers
  3. Cardionet, Llc
๐Ÿฆท
Organization

Cardionet, Llc

NPI: 1790869402
Malvern, PA
10 years of data
Independent Diagnostic Testing Facility (IDTF)
$60.6M
Total Payments
69
Beneficiaries
603.7K
Services
16.38x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$60.6M
Specialty median$350.9K
Rank #9 of 18 in specialty

๐Ÿ“‹ Key Findings

1Billed $60.6M over 10 years
216.38x markup ratio (above median)
3Risk score: 79 โ€” flagged for review
499th percentile in Independent Diagnostic Testing Facility (IDTF) by payments
5Payments surged 115% in 2018
615 procedures with >3x markup

โš ๏ธ Flagged for Review

Risk Score: 79
  • 150x specialty median spending
  • Markup 26.4x (specialty median: 7.1x)
  • 145x specialty median beneficiaries
  • 78x specialty median services
View Deep Dives โ†’Report Fraud โ†’

Statistical flag only โ€” not an accusation of fraud

๐Ÿ”Ž Data Analysis

This provider's $60.6M in total Medicare payments ranks in the 99th percentile of Independent Diagnostic Testing Facility (IDTF) providers nationally.

Their average markup ratio of 16.38x is significantly above the specialty median of 6.1x.

Medicare payments to this provider grew 297% from 2014 to 2023.

This provider has been statistically flagged with a risk score of 79/100. Statistical flags are not accusations of fraud.

AI-generated analysis based on Medicare payment data.

Annual Medicare Payments

Annual Services Provided

Avg Payment per Service

Markup Ratio Over Time

๐Ÿ“ˆ

Notable: Payments increased 115% in 2018

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 โ€” the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2014$667.65$63.5310.51x$604.12$2.8M43.5K6
2015$475.58$43.5810.91x$432.00$1.3M29.9K6
2016$632.96$56.5911.19x$576.37$2.1M37.1K7
2017$756.11$64.1211.79x$691.99$2.8M43.0K7
2018$1.2K$104.7711.63x$1.1K$5.9M56.7K6
2019$1.5K$121.6612.41x$1.4K$8.4M69.3K7
2020$1.8K$140.5812.94x$1.7K$10.3M73.6K7
2021$2.2K$66.7232.49x$2.1K$6.9M102.7K6
2022$2.3K$125.4618.38x$2.2K$9.2M73.0K7
2023$2.6K$146.2617.80x$2.5K$11.0M75.0K10

Top Procedures (15)

0297TAnalysis and report of external ekg recording for more than 48 hours up to 21 daysโš  11.5x markup
$22.4M
83.9K services$267.49/svc11.52x markup
93243Heart rhythm analysis and report of continous external ekg over more than 48 hours up to 7 daysโš  22.4x markup
$16.2M
103.5K services$156.43/svc22.37x markup
93226Electrocardiogram (ecg) 2-day continuous with reportโš  15.0x markup
$10.7M
329.3K services$32.41/svc14.99x markup
93247Heart rhythm analysis and report of continous external ekg over 8-15 daysโš  22.5x markup
$7.2M
42.5K services$168.64/svc22.53x markup
93271Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring and transmission and analysisโš  11.8x markup
$3.4M
24.4K services$138.74/svc11.81x markup
93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professionalโš  12.4x markup
$337.5K
543 services$621.61/svc12.38x markup
93293Telephonic evaluation of single, dual, or multiple lead pacemaker heart rhythm strips up to 90 daysโš  5.9x markup
$116.5K
3.0K services$38.65/svc5.91x markup
G0248Demonstration, prior to initiation of home inr monitoring, for patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria, under the direction of a physician; includes: face-toโš  6.6x markup
$92.9K
1.0K services$90.83/svc6.63x markup
95800Study of sleep patternsโš  18.2x markup
$89.1K
810 services$109.97/svc18.19x markup
93242Heart rhythm recording continous external ekg over more than 48 hours up to 7 daysโš  31.4x markup
$36.3K
4.6K services$7.96/svc31.39x markup
93270Electrocardiogram (ecg) up to 30 days continuous with symptom monitoringโš  39.4x markup
$35.2K
6.0K services$5.87/svc39.40x markup
93246Heart rhythm recording of continous external ekg over 8-15 daysโš  31.2x markup
$23.9K
3.0K services$8.00/svc31.23x markup
93225Electrocardiogram (ecg) 2-day continuousโš  21.2x markup
$11.7K
991 services$11.77/svc21.24x markup
G0249Provision of test materials and equipment for home inr monitoring of patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria; includes: provision of materials for use in theโš  6.0x markup
$7.8K
75 services$103.87/svc6.03x markup
93296Evaluation of single, dual, multiple lead or leadless pacemaker system or implantable defibrillator system, remote up to 90 daysโš  12.9x markup
$782.40
42 services$18.63/svc12.88x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
0297TAnalysis and report of external ekg recording for more than 48 hours up to 21 days83.9K$22.4M$267.4911.52x
93243Heart rhythm analysis and report of continous external ekg over more than 48 hours up to 7 days103.5K$16.2M$156.4322.37x
93226Electrocardiogram (ecg) 2-day continuous with report329.3K$10.7M$32.4114.99x
93247Heart rhythm analysis and report of continous external ekg over 8-15 days42.5K$7.2M$168.6422.53x
93271Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring and transmission and analysis24.4K$3.4M$138.7411.81x
93229Electrocardiogram (ecg) up to 30 days continuous with transmission of patient triggered events with review and report by health care professional543$337.5K$621.6112.38x
93293Telephonic evaluation of single, dual, or multiple lead pacemaker heart rhythm strips up to 90 days3.0K$116.5K$38.655.91x
G0248Demonstration, prior to initiation of home inr monitoring, for patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria, under the direction of a physician; includes: face-to1.0K$92.9K$90.836.63x
95800Study of sleep patterns810$89.1K$109.9718.19x
93242Heart rhythm recording continous external ekg over more than 48 hours up to 7 days4.6K$36.3K$7.9631.39x
93270Electrocardiogram (ecg) up to 30 days continuous with symptom monitoring6.0K$35.2K$5.8739.40x
93246Heart rhythm recording of continous external ekg over 8-15 days3.0K$23.9K$8.0031.23x
93225Electrocardiogram (ecg) 2-day continuous991$11.7K$11.7721.24x
G0249Provision of test materials and equipment for home inr monitoring of patient with either mechanical heart valve(s), chronic atrial fibrillation, or venous thromboembolism who meets medicare coverage criteria; includes: provision of materials for use in the75$7.8K$103.876.03x
93296Evaluation of single, dual, multiple lead or leadless pacemaker system or implantable defibrillator system, remote up to 90 days42$782.40$18.6312.88x

Markup Analysis

Charge-to-Payment Ratio

16.38x

This provider submits charges 16.38 times higher than what Medicare actually pays.

What This Means

A markup ratio of 16.38x means for every $100 Medicare pays, this provider initially charges $1638. This is higher than the national average.

Location

Malvern, PA

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

  • 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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