Cardiology

Medicare Revenue Analysis

Provider Count

19K

Avg Medicare Patients

480

Avg Total Payment

$180K

Avg Revenue/Patient

$374

per Medicare beneficiary

Key Stats

19K
National Provider Count
$180K
Avg Total Medicare Payment(per provider)
480
Avg Medicare Patients(per provider)
$374
Avg Revenue per Patient
Peer group: 19,399 providers
Confidence: High
CMS Medicare Public Data 2024 — National Specialty Benchmarks
Data year: 2024

Cardiology — Performance Signals

CCM Adoption

2.4%

-84.3% vs benchmark · target 15%

RPM Adoption

4.0%

-59.5% vs benchmark · target 10%

AWV Completion

1.1%

-98.4% vs benchmark · target 70%

Revenue / Patient

$374

+24.7% vs benchmark · median ~$300

Cardiology is one of the most active Medicare specialties in the United States, with 19K providers billing Medicare nationally. The average Cardiology provider treats 480 Medicare beneficiaries and receives $180K in total annual Medicare payments, yielding $374 per beneficiary on average.

Evaluation and Management coding patterns reveal how Cardiology providers characterize visit complexity. The dominant code is 99214 at 75.1% of E&M visits, reflecting moderate-to-high complexity encounters that are typical when managing established patients with multiple chronic conditions. Meanwhile, 99213 accounts for 16.4% and high-complexity 99215 visits represent 8.5% of the mix.

Care management program adoption presents a significant revenue opportunity for Cardiology practices. Chronic Care Management (2.4%), Remote Patient Monitoring (4.0%), Behavioral Health Integration (0.0%) remain substantially underutilized relative to the eligible patient population. Annual Wellness Visit adoption sits at just 1.1%, well below the 70% target — meaning a majority of eligible Medicare beneficiaries are not receiving this preventive service, and practices are missing a straightforward billing opportunity. Providers who implement these programs can unlock substantial per-patient monthly revenue while improving chronic disease outcomes — NPIxray can help identify exactly which patients qualify.

Data: CMS Medicare Physician & Other Practitioners, 2024Coverage: 19,399 providers analyzedLast updated: January 2026

E&M Coding Distribution

How Cardiology providers distribute their E&M visits across complexity levels. Higher-level codes (99214, 99215) indicate more complex patient encounters.

99213Level 3
16.4%
99214Level 4
75.1%
99215Level 5
8.5%

Program Adoption Rates

Care management program adoption among Cardiology providers compared to target benchmarks.

CCM

Chronic Care Management

2.4%Target: 15%

RPM

Remote Patient Monitoring

4.0%Target: 10%

BHI

Behavioral Health Integration

0.0%Target: 10%

AWV

Annual Wellness Visits

1.1%Target: 70%

Top Cardiology Providers

Top 50 Cardiology providers by Medicare payment volume.

ProviderPatientsMedicare $
Mehran KhorsandiM.D.,1,333$6.1M
Leo PolosajianM.D.1,067$6.0M
Victor GabrielianM.D.1,618$5.0M
Afshine EmraniMD1,276$5.0M
Vikram LakireddyM.D.964$4.8M
Inder SinghMD, MS196$4.7M
James JoyeD.O.909$4.5M
Athar AnsariM.D.1,880$4.4M
Salvador BorromeoMD403$4.3M
Sam KalioundjiMD1,064$4.1M
Hanumandla ReddyM.D1,465$3.8M
Shashi SharmaD.M.1,036$3.6M
Rajiv AgarwalMD974$3.3M
Nallathamby ThayapranM.D.731$3.2M
Saman FakheriM.D.1,082$3.2M
Mehran MoussavianDO1,822$3.0M
Pareena BilkooM.D.4,802$2.9M
Karthik GujjaM.D, M.P.H353$2.9M
Naveen SharmaMD192$2.9M
Joseph DegregorioMD121$2.7M
Dalpinder SandhuMD1,786$2.7M
Michael KruegerDO1,995$2.7M
David CusickM.D.1,209$2.6M
Sarabjeet SinghM.D.1,582$2.6M
Russell FilecciaM.D.1,028$2.6M
Fadi AtassiMD3,443$2.5M
Claudio ManubensM.D.607$2.5M
Anjum TanwirM.D.370$2.5M
Gaetano PastoreM.D.1,314$2.5M
Stephen SavranMD951$2.4M
Shervin EshaghianMD904$2.4M
Ryan HoukM.D.1,283$2.3M
David KassopM.D.992$2.3M
Khoi LeM.D.739$2.2M
Vineel SompalliM.D416$2.2M
Georg CouturierMD2,652$2.2M
Barry ShapiroD.O.751$2.2M
Mubashar ChoudryM.D.1,040$2.2M
Evelyn LiM.D.134$2.2M
Hakim MorsliMD2,606$2.1M
Vachaspathi PalakodetiMD1,839$2.1M
Ashit JainM.D.1,033$2.1M
Jason BradleyM.D.1,939$2.1M
Kusai AzizM.D.709$2.1M
Karan BhallaMD585$2.1M
Edward RutkovskyMD583$2.1M
Vishva DevM.D.1,027$2.1M
Kevin LismanM.D.1,328$2.1M
Ronald LevineM.D.1,299$2.0M
Anthony FureyD.O.1,183$2.0M

Scan a Provider in Cardiology

Scan a Cardiology Provider

Enter any Cardiology provider's NPI number to see their E&M coding patterns, program adoption, and revenue opportunities.

Run Free Scan