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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. Raytel Cardiac Services, Inc.
๐Ÿฆท
Organization

Raytel Cardiac Services, Inc.

NPI: 1952352478
Bloomfield, CT
10 years of data
Independent Diagnostic Testing Facility (IDTF)
$60.4M
Total Payments
99.4K
Beneficiaries
832.7K
Services
2x
Markup Ratio

Peer Comparison

99th
percentile in specialty
This provider$60.4M
Specialty median$350.9K
Rank #10 of 18 in specialty

๐Ÿ“‹ Key Findings

1Billed $60.4M over 10 years
22x markup ratio
399th percentile in Independent Diagnostic Testing Facility (IDTF) by payments
4Payments surged 55% in 2023
55 procedures with >3x markup
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $60.4M in total Medicare payments ranks in the 99th percentile of Independent Diagnostic Testing Facility (IDTF) providers nationally.

This provider's billing patterns fall within normal ranges for their specialty.

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 55% in 2023

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$181.54$72.552.50x$108.99$6.3M86.4K10.3K
2015$175.20$72.552.41x$102.65$4.8M66.4K7.9K
2016$214.03$72.552.95x$141.48$6.5M89.6K10.7K
2017$124.80$72.551.72x$52.25$4.4M61.2K7.3K
2018$214.80$72.552.96x$142.25$5.3M73.0K8.7K
2019$240.41$72.553.31x$167.86$7.8M107.0K12.8K
2020$141.12$72.551.95x$68.57$6.8M94.2K11.2K
2021$138.59$72.551.91x$66.04$5.7M78.7K9.4K
2022$260.94$72.553.60x$188.39$5.0M69.2K8.3K
2023$186.76$72.552.57x$114.21$7.8M107.1K12.8K

Top Procedures (10)

99213Office/outpatient visit, low complexity
$20.3M
160.6K services$126.20/svc2.29x markup
99214Office/outpatient visit, moderate complexity
$8.6M
123.2K services$69.79/svc2.61x markup
36415Insertion of needle into vein for blood collection
$3.7M
73.8K services$50.10/svc2.44x markup
85025Complete blood cell countโš  4.2x markup
$3.1M
47.3K services$64.90/svc4.20x markup
99215Office/outpatient visit, high complexity
$2.9M
34.3K services$83.84/svc2.81x markup
99203Office/outpatient visit, new patient
$2.3M
40.1K services$58.16/svc2.50x markup
80053Comprehensive metabolic panelโš  3.2x markup
$2.0M
36.2K services$54.69/svc3.18x markup
71046Chest X-ray, 2 viewsโš  3.5x markup
$2.0M
38.7K services$50.78/svc3.55x markup
96372Therapeutic injectionโš  3.1x markup
$1.9M
36.1K services$52.29/svc3.07x markup
93000Electrocardiogram with interpretationโš  3.2x markup
$1.7M
22.8K services$72.33/svc3.21x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
99213Office/outpatient visit, low complexity160.6K$20.3M$126.202.29x
99214Office/outpatient visit, moderate complexity123.2K$8.6M$69.792.61x
36415Insertion of needle into vein for blood collection73.8K$3.7M$50.102.44x
85025Complete blood cell count47.3K$3.1M$64.904.20x
99215Office/outpatient visit, high complexity34.3K$2.9M$83.842.81x
99203Office/outpatient visit, new patient40.1K$2.3M$58.162.50x
80053Comprehensive metabolic panel36.2K$2.0M$54.693.18x
71046Chest X-ray, 2 views38.7K$2.0M$50.783.55x
96372Therapeutic injection36.1K$1.9M$52.293.07x
93000Electrocardiogram with interpretation22.8K$1.7M$72.333.21x

Markup Analysis

Charge-to-Payment Ratio

2x

This provider submits charges 2 times higher than what Medicare actually pays.

What This Means

A markup ratio of 2x means for every $100 Medicare pays, this provider initially charges $200. This is lower than the national average.

Location

Bloomfield, CT

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.

Believe this data is inaccurate? Dispute this data