FNeeds Improvement

Medicare Revenue Report Card 2026

Psychiatry

18K providers nationally

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I just reviewed the 2026 Medicare Revenue Report Card for Psychiatry. Key findings: - Overall Grade: F - Estimated Missed Revenue: $167.5M - Low adoption of care management programs (CCM, RPM, BHI, AWV) The data comes directly from CMS public records — every medical practice can see exactly how much revenue they're leaving on the table. See the full Psychiatry report card:

https://npixray.com/reports/specialties/psychiatry

Provider Count

18K

Avg Medicare Patients

61

Avg Total Payment

$32K

Est. Missed Revenue

$167.5M

across all providers

Peer group: 18,253 providers
Confidence: High
CMS Medicare Public Data 2024
Data year: 2024

Care Management Program Adoption

Adoption rates for revenue-generating care management programs among Psychiatry providers compared to national averages.

CCM

Chronic Care Management

0.0%Target: 15%

$62/patient/mo potential revenue

RPM

Remote Patient Monitoring

0.0%Target: 10%

$120/patient/mo potential revenue

BHI

Behavioral Health Integration

0.0%Target: 10%

$50/patient/mo potential revenue

AWV

Annual Wellness Visits

0.0%Target: 70%

$175/visit potential revenue

Psychiatry Trend Signals

Psychiatry Revenue

$32K

-72.9% vs benchmark · national avg $116K

CCM Adoption

0.0%

-100.0% vs benchmark · national 2.4%

RPM Adoption

0.0%

-100.0% vs benchmark · national 1.1%

E&M Coding Distribution

How Psychiatry providers distribute their E&M visits across complexity levels versus the specialty benchmark.

99213

Level 3

33.0%

Benchmark: 37.7%

99214

Level 4

34.0%

Benchmark: 52.3%

99215

Level 5

33.0%

Benchmark: 5.2%

Key Revenue Metrics

$520

Avg Revenue per Patient

61

Avg Medicare Patients

448

Avg Services per Provider

Top States for Psychiatry

#StateProvidersAvg Payment
1California42$429K
2New York40$366K
3Florida25$457K
4Texas15$371K
5New Jersey10$335K
6Illinois9$550K
7Michigan6$472K
8Massachusetts6$382K
9Nevada5$464K
10Pennsylvania5$319K
11Georgia4$359K
12Maryland4$314K
13New Hampshire3$352K
14North Carolina3$333K
15Oklahoma2$879K

Top Psychiatry Providers

Top 20 Psychiatry providers by Medicare payment volume.

ProviderPatientsMedicare $
Lazaro CordovesM.D.472$2.2M
Aqeel KhanM.D.20,537$2.1M
Robert MortonMD1,390$1.3M
Kamel KamelM.D.2,262$1.2M
Huiping XuM.D.175$998K
Lynne LyonsMD119$993K
Pantea FarhadiM.D773$925K
Criselda Abad-SantosM.D.35$802K
Priyadarshan BajpayiM.D.483$753K
Raul Rodriguez-SoraMD653$753K
Gadson JohnsonM.D.968$748K
Margaret CassadaMD126$733K
Richard PhelpsD.O.303$712K
Alexander HeismanMD821$703K
Hisham SolimanMD1,165$697K
Teresa PoprawskiM.D.47$682K
Robert Kahn-RoseM.D.405$662K
Daniel CullifordMD2,032$633K
Matthew TargoffD.O.819$630K
Srisai GowdaM.D.205$612K

Scan a Provider in Psychiatry

Data: CMS Medicare Physician & Other Practitioners, 2024Coverage: 18,253 providers analyzedLast updated: January 2026

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