California Medicare Revenue Analysis

CMS Medicare Physician & Other Practitioners data

California has 93K Medicare providers who collectively received $11525.5M in Medicare payments, averaging $123K per provider. This places California above the national average in per-provider Medicare revenue, suggesting a competitive healthcare market with strong reimbursement patterns.

The most common specialty is Internal Medicine with 9,189 providers, followed by Nurse Practitioner (7,134) and Family Practice (6,986). Internal Medicine providers in California average $102K in annual Medicare payments — a high-revenue specialty that often benefits from E&M coding optimization and care management program enrollment.

The largest Medicare provider concentration is in Los Angeles (6,943 providers), with San Diego and San Francisco also serving as major healthcare hubs. Practices in these areas face competitive pressure, making revenue optimization through proper coding and program enrollment critical for financial performance.

Data: CMS Medicare Physician & Other Practitioners, 2024Coverage: 93,498 providers analyzedLast updated: January 2026

Total Providers

93K

in California

Total Medicare Payment

$11525.5M

Avg Payment / Provider

$123K

Total Services

268.1M

California Performance Signals

Revenue per Provider

$123,270

+54.6% vs benchmark · national avg $79,744

Provider Market Share

8.0% of US

+100.0% vs benchmark · 93,498 providers

CCM Adoption

1.1%

-89.9% vs benchmark · national 11.3%

RPM Adoption

0.8%

-88.1% vs benchmark · national 6.5%

AWV Completion

8.4%

-51.7% vs benchmark · national 17.5%

Key Stats

93K
Total Providers(California)
$123K
Avg Medicare Payment(per provider)
$11525.5M
Total Medicare Payments
Internal Medicine
Top Specialty(9,189 providers)

How This Compares

#3 of 62
National rank by avg Medicare payment
+55%vs national average
California Medicare Revenue

Top Opportunities

#1
Chronic Care Management (99490)
$112.5M potential
#2
Remote Patient Monitoring (99454)
$71.2M potential
#3
Annual Wellness Visits (G0438/G0439)
$50.2M potential
Peer group: 93,498 providers
Confidence: High
CMS Medicare Public Data 2024
Data year: 2024

How California Compares

#3
of 62 states
+55%
vs national avg

vs Neighboring States

California
$123K
Arizona
$129K
+5%
Nevada
$108K
-12%
Oregon
$54K
-56%
Strongest Specialty
Internal Medicine
9,189 providers
Biggest Program Gap
CCM (99490)
1.1% adoption vs 11.3% national

Top Revenue Opportunities in California

#1

Chronic Care Management (99490)

$112.5M
estimated annual opportunity

Only 1.1% of providers bill CCM vs 11.3% national average. 9,470 additional providers could adopt CCM to close this gap.

Current: 1.1%Target: 11.3%
high confidence· 9,470 providers
#2

Remote Patient Monitoring (99454)

$71.2M
estimated annual opportunity

RPM adoption is 0.8% vs 6.5% nationally. 5,326 providers could implement RPM programs.

Current: 0.8%Target: 6.5%
high confidence· 5,326 providers
#3

Annual Wellness Visits (G0438/G0439)

$50.2M
estimated annual opportunity

AWV completion at 8.4% trails the 17.5% national average. 8,441 additional providers could offer AWV services.

Current: 8.4%Target: 17.5%
high confidence· 8,441 providers

Market Opportunities by Specialty

Top Specialties in California

Top 50 Providers in California

ProviderPatientsMedicare $
Guardant Health, Inc.20,745$174.5M
Natera, Inc.15,483$133.1M
Caredx Inc.16,556$122.5M
Cardionet, Llc.111,291$112.2M
Genomic Health, Inc.24,312$96.8M
Irhythm Technologies, Inc.239,988$94.0M
Unilab Corporation367,832$94.0M
Veracyte Labs Sd Corporation18,742$75.0M
Invitae Corporation40,559$71.4M
Laboratory Corporation Of America295,106$59.8M
Unilab Corporation245,429$47.1M
Aaron JengMD, MPH187$43.2M
Ambry Genetics Corporation22,503$40.8M
Biotheranostics, Inc.9,039$38.4M
Veracyte, Inc.8,658$37.7M
Neogenomics Laboratories Inc8,822$32.6M
Richard ParkM.D.1,998$31.7M
Falck Mobile Health Corp35,359$25.5M
Mdinr, Llc38,828$25.2M
Mdxhealth, Inc.4,515$24.0M
Johnson LeeM.D.498$22.5M
Alere Home Monitoring, Inc.50,239$20.7M
Millennium Health, Llc21,433$20.4M
James MichailM.D.482$20.4M
Biological Laboratory, Inc.139,329$19.4M
Reach Air Medical Services Llc2,110$19.3M
Gautam BhaktaMD257$19.0M
City Of Los Angeles25,513$17.9M
Jack AzadM.D.600$17.2M
Biognomics Lab, Llc81,525$16.4M
Exagen Inc.14,852$15.7M
Universal Genetics Llc75,097$15.1M
Som KohanzadehMD157$14.7M
Modern Nuclear, Inc.5,210$14.6M
Orange Toxicology Lab Inc.102,728$14.1M
Patrick BlackDPT70$14.0M
Precision Toxicology, Llc13,992$13.8M
Vital Connect, Inc11,501$13.6M
Caremark, L.L.C.22$13.4M
H&m Molecular Diagnostics, Llc48,995$13.3M
Ravindra GautamM.D.222$13.0M
Catherine LeeM.D.342$12.6M
West Coast Medical Labs Inc10,892$12.2M
Merry TaheriMSN FNP127,890$12.1M
Gmi Laboratories Llc2,387$11.9M
Vinh-Linh NguyenMD279$11.5M
Falck Northern California Corp.11,764$11.3M
Kwph Enterprises Inc12,168$11.1M
Rural-Metro Of California Inc11,400$10.7M
Biox Labs Inc16,531$10.6M

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