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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. Raymond Sjaarda
๐Ÿ‘๏ธ
MDIndividual

Raymond Sjaarda, M.D.

NPI: 1811968407
Baltimore, MD
10 years of data
Ophthalmology
$47.2M
Total Payments
162
Beneficiaries
250.4K
Services
1.62x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$47.2M
Specialty median$383.7K
Rank #57 of 189 in specialty

๐Ÿ“‹ Key Findings

1Billed $47.2M over 10 years
21.62x markup ratio
399th percentile in Ophthalmology by payments
4100 services/day โ€” unusually high
55 procedures with >3x markup

This provider averages 100 services per working day

Based on 250.4K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $47.2M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 100 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$310.33$203.531.52x$106.80$4.6M22.8K14
2015$333.41$218.011.53x$115.40$4.7M21.5K18
2016$355.27$232.221.53x$123.05$5.0M21.7K16
2017$357.46$229.071.56x$128.39$5.4M23.5K19
2018$351.04$226.351.55x$124.69$5.1M22.7K16
2019$352.94$223.681.58x$129.26$5.0M22.2K15
2020$368.14$227.631.62x$140.51$4.6M20.0K15
2021$365.10$219.951.66x$145.15$4.3M19.4K17
2022$317.91$177.271.79x$140.64$4.3M24.4K18
2023$149.92$79.651.88x$70.27$4.2M52.2K14

Top Procedures (20)

J2778Injection, ranibizumab, 0.1 mg
$21.5M
77.8K services$275.96/svc1.52x markup
J0178Injection, aflibercept, 1 mg
$16.3M
21.9K services$745.19/svc1.34x markup
67028Injection of drug into eye
$2.3M
24.0K services$97.64/svc2.85x markup
92014Established patient complete exam of visual system
$1.5M
15.5K services$95.18/svc1.58x markup
92134Imaging of retinaโš  3.1x markup
$1.4M
42.6K services$33.75/svc3.08x markup
J2777Injection, faricimab-svoa, 0.1 mg
$1.1M
37.1K services$29.14/svc1.51x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$791.8K
11.5K services$68.87/svc1.48x markup
99214Established patient office or other outpatient visit, 30-39 minutes
$705.2K
7.3K services$96.91/svc1.73x markup
99204New patient office or other outpatient visit, 45-59 minutes
$357.7K
2.8K services$127.69/svc1.66x markup
99213Established patient office or other outpatient visit, 20-29 minutes
$274.5K
3.9K services$71.11/svc1.67x markup
67042Removal of membrane of retina with removal of internal limiting membrane of retinaโš  3.8x markup
$259.6K
256 services$1.0K/svc3.75x markup
67036Removal of eye fluid (vitreous) between lens and retinaโš  4.1x markup
$150.5K
197 services$764.17/svc4.06x markup
67108Repair of detached retina with drainage and removal of eye fluid between lens and retinaโš  4.2x markup
$136.2K
127 services$1.1K/svc4.20x markup
92235Exam of retinal blood vessels using a special camera after injection of a dye
$124.5K
1.5K services$84.87/svc2.60x markup
J9035Injection, bevacizumab, 10 mg
$82.8K
1.5K services$55.63/svc1.80x markup
92250Photography of the retina
$63.0K
1.2K services$51.49/svc2.47x markup
J3590Unclassified biologics
$39.0K
23 services$1.7K/svc1.60x markup
67228Laser destruction of leaking retinal blood vessels, 1 or more sessions
$18.4K
23 services$798.22/svc1.83x markup
765122d ultrasound scan of eye tissue and structuresโš  6.2x markup
$14.2K
249 services$57.12/svc6.21x markup
99205New patient office or other outpatient visit, 60-74 minutes
$13.2K
81 services$163.36/svc1.64x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J2778Injection, ranibizumab, 0.1 mg77.8K$21.5M$275.961.52x
J0178Injection, aflibercept, 1 mg21.9K$16.3M$745.191.34x
67028Injection of drug into eye24.0K$2.3M$97.642.85x
92014Established patient complete exam of visual system15.5K$1.5M$95.181.58x
92134Imaging of retina42.6K$1.4M$33.753.08x
J2777Injection, faricimab-svoa, 0.1 mg37.1K$1.1M$29.141.51x
92012Eye and medical examination for diagnosis and treatment, established patient11.5K$791.8K$68.871.48x
99214Established patient office or other outpatient visit, 30-39 minutes7.3K$705.2K$96.911.73x
99204New patient office or other outpatient visit, 45-59 minutes2.8K$357.7K$127.691.66x
99213Established patient office or other outpatient visit, 20-29 minutes3.9K$274.5K$71.111.67x
67042Removal of membrane of retina with removal of internal limiting membrane of retina256$259.6K$1.0K3.75x
67036Removal of eye fluid (vitreous) between lens and retina197$150.5K$764.174.06x
67108Repair of detached retina with drainage and removal of eye fluid between lens and retina127$136.2K$1.1K4.20x
92235Exam of retinal blood vessels using a special camera after injection of a dye1.5K$124.5K$84.872.60x
J9035Injection, bevacizumab, 10 mg1.5K$82.8K$55.631.80x
92250Photography of the retina1.2K$63.0K$51.492.47x
J3590Unclassified biologics23$39.0K$1.7K1.60x
67228Laser destruction of leaking retinal blood vessels, 1 or more sessions23$18.4K$798.221.83x
765122d ultrasound scan of eye tissue and structures249$14.2K$57.126.21x
99205New patient office or other outpatient visit, 60-74 minutes81$13.2K$163.361.64x

Markup Analysis

Charge-to-Payment Ratio

1.62x

This provider submits charges 1.62 times higher than what Medicare actually pays.

What This Means

A markup ratio of 1.62x means for every $100 Medicare pays, this provider initially charges $162. This is lower 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.

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