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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. Vatsal Doshi
๐Ÿ‘๏ธ
MDIndividual

Vatsal Doshi, M.D.

NPI: 1831394899
Millburn, NJ
10 years of data
Ophthalmology
$14.0M
Total Payments
68.9K
Beneficiaries
130.7K
Services
3.42x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$14.0M
Specialty median$383.7K

๐Ÿ“‹ Key Findings

1Billed $14.0M over 10 years
23.42x markup ratio (above median)
399th percentile in Ophthalmology by payments
452 services/day โ€” unusually high
5Payments surged 78% in 2015
612 procedures with >3x markup

This provider averages 52 services per working day

Based on 130.7K total services over 10 years (250 working days/year). Learn about impossible service volumes โ†’

๐Ÿ”Ž Data Analysis

This provider's $14.0M in total Medicare payments ranks in the 99th percentile of Ophthalmology providers nationally.

Averaging 52 services per working day raises questions about billing patterns.

Medicare payments to this provider grew 54% 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

๐Ÿ“ˆ

Notable: Payments increased 78% in 2015

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$1.1K$245.454.41x$837.63$695.5K8.4K5.0K
2015$1.3K$281.714.55x$999.91$1.2M13.4K7.2K
2016$1.5K$275.745.32x$1.2K$1.5M16.5K8.7K
2017$1.7K$284.365.84x$1.4K$1.7M17.8K9.5K
2018$1.5K$264.565.83x$1.3K$1.7M17.3K9.3K
2019$1.9K$268.617.23x$1.7K$1.8M16.4K8.4K
2020$1.5K$254.815.79x$1.2K$1.6M13.0K6.8K
2021$1.2K$259.694.71x$962.39$1.5M11.7K6.0K
2022$453.32$195.702.32x$257.62$1.1M8.4K4.2K
2023$470.38$226.102.08x$244.28$1.1M7.9K3.8K

Top Procedures (20)

J0178Injection, aflibercept, 1 mg
$4.2M
5.8K services$734.55/svc2.46x markup
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits
$2.0M
20.0K services$101.76/svc1.56x markup
67028Injection of drug into eyeโš  6.5x markup
$1.1M
13.7K services$83.31/svc6.49x markup
92250Photography of the retina
$975.6K
19.3K services$50.53/svc2.85x markup
92235Examination of retinal blood vessels by ophthalmoscopeโš  3.7x markup
$510.3K
5.8K services$88.39/svc3.70x markup
65800Aspiration of eye fluidโš  7.2x markup
$486.4K
4.8K services$102.01/svc7.22x markup
92273Full field recording of retinal electrical responses to external stimuli with interpretation and reportโš  3.5x markup
$445.5K
3.7K services$119.79/svc3.54x markup
J9035Injection, bevacizumab, 10 mgโš  3.4x markup
$346.4K
6.0K services$57.67/svc3.38x markup
99205New patient office or other outpatient visit, typically 60 minutes
$294.9K
1.7K services$169.39/svc2.05x markup
92226Examination of eye by ophthalmoscope with retinal drawingโš  4.4x markup
$283.2K
13.2K services$21.48/svc4.40x markup
92242Imaging of blood vessels in back of eye using fluorescein and indocyanine-green dyeโš  3.5x markup
$277.1K
1.2K services$223.27/svc3.45x markup
92020Examination of cornea and iris using lens device and slit lamp
$249.3K
11.0K services$22.69/svc3.00x markup
99204New patient office or other outpatient visit, typically 45 minutes
$227.3K
1.8K services$129.00/svc1.63x markup
76512Ultrasound of eye disease, growth, or structureโš  5.1x markup
$209.2K
3.2K services$65.29/svc5.08x markup
92134Diagnostic imaging of retinaโš  3.5x markup
$201.4K
5.6K services$36.20/svc3.53x markup
67042Removal of membrane from the retina, pars plana approachโš  8.2x markup
$196.3K
192 services$1.0K/svc8.18x markup
67210Laser destruction of retinal growth, 1 or more sessionsโš  8.2x markup
$195.1K
430 services$453.68/svc8.23x markup
99215Established patient office or other outpatient, visit typically 40 minutes
$162.7K
1.4K services$119.62/svc1.72x markup
67113Repair of detached retina and drainage of eye fluid between lens and retinaโš  8.0x markup
$160.1K
130 services$1.2K/svc8.03x markup
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg
$140.6K
912 services$154.16/svc1.57x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
J0178Injection, aflibercept, 1 mg5.8K$4.2M$734.552.46x
92014Eye and medical examination for diagnosis and treatment, established patient, 1 or more visits20.0K$2.0M$101.761.56x
67028Injection of drug into eye13.7K$1.1M$83.316.49x
92250Photography of the retina19.3K$975.6K$50.532.85x
92235Examination of retinal blood vessels by ophthalmoscope5.8K$510.3K$88.393.70x
65800Aspiration of eye fluid4.8K$486.4K$102.017.22x
92273Full field recording of retinal electrical responses to external stimuli with interpretation and report3.7K$445.5K$119.793.54x
J9035Injection, bevacizumab, 10 mg6.0K$346.4K$57.673.38x
99205New patient office or other outpatient visit, typically 60 minutes1.7K$294.9K$169.392.05x
92226Examination of eye by ophthalmoscope with retinal drawing13.2K$283.2K$21.484.40x
92242Imaging of blood vessels in back of eye using fluorescein and indocyanine-green dye1.2K$277.1K$223.273.45x
92020Examination of cornea and iris using lens device and slit lamp11.0K$249.3K$22.693.00x
99204New patient office or other outpatient visit, typically 45 minutes1.8K$227.3K$129.001.63x
76512Ultrasound of eye disease, growth, or structure3.2K$209.2K$65.295.08x
92134Diagnostic imaging of retina5.6K$201.4K$36.203.53x
67042Removal of membrane from the retina, pars plana approach192$196.3K$1.0K8.18x
67210Laser destruction of retinal growth, 1 or more sessions430$195.1K$453.688.23x
99215Established patient office or other outpatient, visit typically 40 minutes1.4K$162.7K$119.621.72x
67113Repair of detached retina and drainage of eye fluid between lens and retina130$160.1K$1.2K8.03x
J7312Injection, dexamethasone, intravitreal implant, 0.1 mg912$140.6K$154.161.57x

Markup Analysis

Charge-to-Payment Ratio

3.42x

This provider submits charges 3.42 times higher than what Medicare actually pays.

What This Means

A markup ratio of 3.42x means for every $100 Medicare pays, this provider initially charges $342. This is higher than the national average.

Location

Millburn, NJ

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 NJ for peer comparison.

Vatsal Doshi (you)
$14.0M
Howard Fine, MD MHSC
$44.5M
Robert Barone, MD
$43.3M
Jonathan Prenner, MD
$43.1M
Sumit Shah, M.D.
$37.0M
David Kim, M.D.
$36.1M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Howard Fine, MD MHSCNew Brunswick, NJ$44.5Mโœ“ Clear
Robert Barone, MDNewton, NJ$43.3Mโœ“ Clear
Jonathan Prenner, MDNew Brunswick, NJ$43.1Mโœ“ Clear
Sumit Shah, M.D.New Brunswick, NJ$37.0Mโœ“ Clear
David Kim, M.D.Union, NJ$36.1Mโœ“ 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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