Massachusetts Medicare Revenue Analysis

CMS Medicare Physician & Other Practitioners data

Massachusetts has 36K Medicare providers who collectively received $2411.9M in Medicare payments, averaging $68K per provider. Massachusetts providers earn moderate Medicare revenue per provider, with significant opportunity to capture additional revenue through program enrollment and coding optimization.

The most common specialty is Nurse Practitioner with 5,123 providers, followed by Internal Medicine (3,882) and Physician Assistant (2,736). Nurse Practitioner providers in Massachusetts average $27K annually, with room to grow through CCM, RPM, and AWV program adoption.

The largest Medicare provider concentration is in Boston (9,408 providers), with Worcester and Springfield 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: 35,573 providers analyzedLast updated: January 2026

Total Providers

36K

in Massachusetts

Total Medicare Payment

$2411.9M

Avg Payment / Provider

$68K

Total Services

56.7M

Massachusetts Performance Signals

Revenue per Provider

$67,800

-15.0% vs benchmark · national avg $79,744

Provider Market Share

3.0% of US

+51.3% vs benchmark · 35,573 providers

CCM Adoption

0.6%

-94.4% vs benchmark · national 11.3%

RPM Adoption

0.2%

-97.0% vs benchmark · national 6.5%

AWV Completion

9.4%

-46.1% vs benchmark · national 17.5%

Key Stats

36K
Total Providers(Massachusetts)
$68K
Avg Medicare Payment(per provider)
$2411.9M
Total Medicare Payments
Nurse Practitioner
Top Specialty(5,123 providers)

How This Compares

#26 of 62
National rank by avg Medicare payment
-15%vs national average
Massachusetts Medicare Revenue

Top Opportunities

#1
Chronic Care Management (99490)
$44.9M potential
#2
Remote Patient Monitoring (99454)
$29.8M potential
#3
Annual Wellness Visits (G0438/G0439)
$17.0M potential
Peer group: 35,573 providers
Confidence: High
CMS Medicare Public Data 2024
Data year: 2024

How Massachusetts Compares

#26
of 62 states
-15%
vs national avg

vs Neighboring States

Massachusetts
$68K
Connecticut
$55K
-19%
New Hampshire
$51K
-25%
New York
$79K
+16%
Rhode Island
$48K
-29%
Strongest Specialty
Nurse Practitioner
5,123 providers
Biggest Program Gap
CCM (99490)
0.6% adoption vs 11.3% national

Top Revenue Opportunities in Massachusetts

#1

Chronic Care Management (99490)

$44.9M
estimated annual opportunity

Only 0.6% of providers bill CCM vs 11.3% national average. 3,783 additional providers could adopt CCM to close this gap.

Current: 0.6%Target: 11.3%
high confidence· 3,783 providers
#2

Remote Patient Monitoring (99454)

$29.8M
estimated annual opportunity

RPM adoption is 0.2% vs 6.5% nationally. 2,230 providers could implement RPM programs.

Current: 0.2%Target: 6.5%
high confidence· 2,230 providers
#3

Annual Wellness Visits (G0438/G0439)

$17.0M
estimated annual opportunity

AWV completion at 9.4% trails the 17.5% national average. 2,861 additional providers could offer AWV services.

Current: 9.4%Target: 17.5%
high confidence· 2,861 providers

Market Opportunities by Specialty

Top 50 Providers in Massachusetts

ProviderPatientsMedicare $
Foundation Medicine, Inc.15,460$79.7M
Quest Diagnostics Massachusetts Llc130,874$27.8M
Quest Diagnostics Llc134,797$27.2M
Brewster Ambulance Service Inc.36,311$25.4M
Cataldo Ambulance Service Inc15,216$11.6M
Habit Opco, Llc1,200$11.0M
Boston Heart Diagnostics Corporation15,502$9.1M
Exosome Diagnostics, Inc.11,914$8.9M
American Medical Response Of Massachusetts Inc12,606$8.7M
David ReedM.D.2,760$7.7M
Torsten WiegandMD2,928$7.6M
Cohen Dermatopathology, P.C.43,811$7.5M
Spectrum Health Systems, Inc703$6.0M
Boston Public Health Commission8,202$5.9M
Coastal Medical Transportation Services Llc6,179$5.2M
Coastal Ambulance Llc8,049$5.1M
Community Health Care, Inc.594$5.1M
Chirag ShahMD2,444$5.0M
New England Life Flight, Inc.775$5.0M
West Suburban Eye Surgery Center Llc2,211$4.9M
Armstrong Ambulance Service6,975$4.6M
Pridestar Ems Inc5,626$4.6M
Miriam Englander-Paschalis IliosM.D.2,393$4.5M
Babak Jian SeyedahmadiM.D.2,073$4.4M
U S Lab & Radiology Llc18,910$4.3M
Hesham MalikMD426$3.9M
Umass Memorial Mri & Imaging Center, Llc1,770$3.8M
Jeffrey Heier1,542$3.6M
Cape Cod Eye Surgery & Laser Center, Llc1,568$3.5M
Adam ChinM.D.1,736$3.4M
Cataract & Laser Center West, Llc1,636$3.4M
Action Ambulance Service Inc5,853$3.4M
David LallyM.D.952$3.2M
East Bay Surgery Center Llc1,577$3.2M
Quantum Pathology, Llc13,633$3.1M
Rebecca SoaresM.D.2,065$3.0M
Coastal Ems Llc4,304$2.9M
Andre WitkinM.D.995$2.9M
Professional Ambulance & Oxygen Svc, Inc4,085$2.8M
Tina Cleary1,284$2.8M
New England Surgery Center Llc89$2.8M
Scott BarbM.D.913$2.8M
Shields Imaging Of Eastern Massachusetts Llc769$2.7M
Delia SangMD1,214$2.7M
Brigham And Women's Physicians Organization Inc257$2.7M
Beauport Ambulance Inc.3,631$2.7M
Baystate Mri & Imaging Center, Llc1,604$2.6M
Howard YingM.D.,PH.D.1,126$2.5M
Bryan HongM.D.1,088$2.5M
North Shore Cataract And Laser Center, Llc1,599$2.5M

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