How does NPIxray identify acquisition targets?

NPIxray analyzes CMS Medicare billing data for 1.175M+ providers to identify practices with high patient volume but low revenue optimization — meaning significant upside potential for acquirers.

What data is used for practice valuation?

All analysis uses the CMS Medicare Physician & Other Practitioners dataset, which includes total services, payments, patient counts, E&M coding patterns, and care management program adoption for every Medicare provider.

Is this data free to access?

Yes. All data comes from publicly available CMS datasets. NPIxray provides free market intelligence for healthcare PE firms, hospital systems, and practice aggregators.

How often is the acquisition data updated?

The underlying CMS Medicare data is updated annually. NPIxray processes each new release to provide current revenue benchmarks and opportunity analysis.

Acquisition Intelligence

Find Medical Practices Worth Acquiring

Analyze 1,175,281 Medicare providers for revenue optimization potential. Identify underperforming practices with high patient volume and massive revenue upside.

Total Practices

1,175,281

Total Medicare Revenue

$93721.1M

Avg Revenue / Practice

$80K

Estimated Missed Revenue

$32802.4M

Prime Targets

141,034

Underperforming Practices

493,618

Why Acquisition Intelligence Matters

Identify Hidden Gems

Practices with 500+ patients but Revenue Scores below 40 represent massive upside. Our scoring pinpoints these opportunities across every state and specialty.

Quantify the Upside

Every acquisition target comes with projected optimized revenue, estimated upside, and a specific optimization roadmap. Know the ROI before you make an offer.

Portfolio-Level Analysis

Enter your existing portfolio of NPIs and see combined missed revenue, prioritized optimization actions, and practice-by-practice scoring.

Acquisition Markets by State

Browse acquisition opportunities in 51 states

93,498 practices

$11525.5M revenue

80,484 practices

$6348.0M revenue

78,270 practices

$7074.7M revenue

77,006 practices

$8883.4M revenue

58,065 practices

$3755.6M revenue

47,844 practices

$2459.6M revenue

47,277 practices

$4262.6M revenue

40,231 practices

$2692.0M revenue

39,654 practices

$2012.8M revenue

36,541 practices

$3851.9M revenue

35,573 practices

$2411.9M revenue

33,154 practices

$2309.2M revenue

View all 51 state markets: AL, AK, AZ, AR, CO, CT, DE, DC, HI, ID, IN, IA, KS, KY, LA, ME, MD, MN, MS, MO, ...

Opportunity by Specialty

Some specialties have significantly more acquisition upside than others

Internal Medicine

88,703 providers nationally

Avg Revenue: $77KAnalyze

Family Medicine

78,514 providers nationally

Avg Revenue: $56KAnalyze

Orthopedics

20,699 providers nationally

Avg Revenue: $102KAnalyze

Cardiology

19,399 providers nationally

Avg Revenue: $180KAnalyze

Psychiatry

18,253 providers nationally

Avg Revenue: $32KAnalyze

OB/GYN

17,962 providers nationally

Avg Revenue: $15KAnalyze

Neurology

15,573 providers nationally

Avg Revenue: $79KAnalyze

Gastroenterology

14,124 providers nationally

Avg Revenue: $76KAnalyze

Dermatology

12,160 providers nationally

Avg Revenue: $224KAnalyze

Pulmonology

10,381 providers nationally

Avg Revenue: $95KAnalyze

Nephrology

9,172 providers nationally

Avg Revenue: $139KAnalyze

Urology

8,940 providers nationally

Avg Revenue: $133KAnalyze

Portfolio Analysis Tool

Enter 2-20 NPIs to see combined acquisition scores, total upside revenue, and a prioritized optimization roadmap.

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Individual Practice Scanner

Scan any NPI to see a full revenue analysis, Revenue Score, care management gaps, and optimization recommendations.

Scan NPI free

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