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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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Methodologyโ€ขDownload Data
  1. Home
  2. Providers
  3. Richard Garfinkel
๐Ÿ‘๏ธ
MDIndividual

Richard Garfinkel, M.D.

NPI: 1831163997
Chevy Chase, MD
10 years of data
Ophthalmology
$12.8M
Total Payments
53.2K
Beneficiaries
138.2K
Services
2.53x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$12.8M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $12.8M over 10 years
22.53x markup ratio (above median)
399th percentile in Ophthalmology by payments
455 services/day โ€” unusually high
56 procedures with >3x markup

This provider averages 55 services per working day

Based on 138.2K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $12.8M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 55 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$375.83$195.591.92x$180.24$1.0M11.7K5.2K
2015$404.49$192.762.10x$211.73$1.1M12.6K5.2K
2016$511.39$228.462.24x$282.93$1.1M13.1K5.3K
2017$376.25$187.642.01x$188.61$1.2M13.8K5.5K
2018$236.09$135.011.75x$101.08$1.4M15.7K6.1K
2019$304.53$143.772.12x$160.76$1.5M16.1K5.9K
2020$242.64$127.841.90x$114.80$1.3M13.1K4.9K
2021$382.94$131.782.91x$251.16$1.6M15.2K5.4K
2022$853.94$227.133.76x$626.81$1.4M14.1K5.2K
2023$935.71$251.713.72x$684.00$1.3M12.8K4.6K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$4.1M
5.5K services$739.38/svc1.85x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$3.6M
34.7K services$104.70/svc1.83x markup
92134Diagnostic imaging of retinaโš  4.3x markup
$1.3M
34.6K services$37.18/svc4.26x markup
67028Injection of drug into eyeโš  5.1x markup
$1.2M
11.9K services$97.87/svc5.14x markup
J2778Injection, ranibizumab, 0.1 mg
$494.0K
1.9K services$266.87/svc2.09x markup
92226Examination of eye by ophthalmoscope with retinal drawing
$458.2K
20.5K services$22.31/svc2.12x markup
99214Established patient office or other outpatient, visit typically 25 minutes
$295.2K
3.0K services$100.07/svc2.01x markup
99204New patient office or other outpatient visit, typically 45 minutes
$226.2K
1.7K services$134.58/svc1.73x markup
J3590Unclassified biologicsโš  3.3x markup
$204.6K
95 services$2.2K/svc3.26x markup
J9035Injection, bevacizumab, 10 mg
$189.8K
3.3K services$57.23/svc1.78x markup
92235Examination of retinal blood vessels by ophthalmoscope
$172.6K
1.9K services$92.23/svc2.59x markup
92202Extended examination of eye with drawing of optic nerve and surrounding area (macula)โš  5.9x markup
$167.6K
12.1K services$13.89/svc5.91x markup
92250Photography of the retina
$116.6K
2.0K services$57.15/svc2.18x markup
67041Removal of membrane from the retina
$77.6K
72 services$1.1K/svc2.52x markup
92201Extended examination of eye with drawing of retinaโš  4.0x markup
$44.5K
2.1K services$20.91/svc4.01x markup
J7999Compounded drug, not otherwise classifiedโš  5.7x markup
$41.2K
603 services$68.28/svc5.69x markup
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits
$28.8K
248 services$116.25/svc2.36x markup
92225Examination of eye by ophthalmoscope with retinal drawing
$26.7K
1.1K services$24.31/svc2.15x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$19.2K
122 services$157.55/svc2.02x markup
92012Eye and medical examination for diagnosis and treatment, established patient
$12.8K
171 services$75.12/svc1.87x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg5.5K$4.1M$739.381.85x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits34.7K$3.6M$104.701.83x
92134Diagnostic imaging of retina34.6K$1.3M$37.184.26x
67028Injection of drug into eye11.9K$1.2M$97.875.14x
J2778Injection, ranibizumab, 0.1 mg1.9K$494.0K$266.872.09x
92226Examination of eye by ophthalmoscope with retinal drawing20.5K$458.2K$22.312.12x
99214Established patient office or other outpatient, visit typically 25 minutes3.0K$295.2K$100.072.01x
99204New patient office or other outpatient visit, typically 45 minutes1.7K$226.2K$134.581.73x
J3590Unclassified biologics95$204.6K$2.2K3.26x
J9035Injection, bevacizumab, 10 mg3.3K$189.8K$57.231.78x
92235Examination of retinal blood vessels by ophthalmoscope1.9K$172.6K$92.232.59x
92202Extended examination of eye with drawing of optic nerve and surrounding area (macula)12.1K$167.6K$13.895.91x
92250Photography of the retina2.0K$116.6K$57.152.18x
67041Removal of membrane from the retina72$77.6K$1.1K2.52x
92201Extended examination of eye with drawing of retina2.1K$44.5K$20.914.01x
J7999Compounded drug, not otherwise classified603$41.2K$68.285.69x
92004Eye and medical examination for diagnosis and treatment, new patient, 1 or more visits248$28.8K$116.252.36x
92225Examination of eye by ophthalmoscope with retinal drawing1.1K$26.7K$24.312.15x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg122$19.2K$157.552.02x
92012Eye and medical examination for diagnosis and treatment, established patient171$12.8K$75.121.87x

Markup Analysis

Charge-to-Payment Ratio

2.53x

This provider submits charges 2.53 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2.53x means for every $100 Medicare pays, this provider initially charges $253. This is higher than the national average.

Location

Chevy Chase, 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.

Richard Garfinkel (you)
$12.8M
Michael Elman, M.D.
$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
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
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

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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