Tennessee Medicare Revenue Analysis

CMS Medicare Physician & Other Practitioners data

Tennessee has 27K Medicare providers who collectively received $2021.2M in Medicare payments, averaging $74K per provider. Tennessee 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 6,661 providers, followed by Physician Assistant (1,881) and Internal Medicine (1,853). Nurse Practitioner providers in Tennessee average $30K annually, with room to grow through CCM, RPM, and AWV program adoption.

The largest Medicare provider concentration is in Nashville (5,557 providers), with Knoxville and Memphis 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: 27,495 providers analyzedLast updated: January 2026

Total Providers

27K

in Tennessee

Total Medicare Payment

$2021.2M

Avg Payment / Provider

$74K

Total Services

64.4M

Tennessee Performance Signals

Revenue per Provider

$73,510

-7.8% vs benchmark · national avg $79,744

Provider Market Share

2.3% of US

+17.0% vs benchmark · 27,495 providers

CCM Adoption

1.5%

-87.1% vs benchmark · national 11.3%

RPM Adoption

0.5%

-92.0% vs benchmark · national 6.5%

AWV Completion

9.7%

-44.4% vs benchmark · national 17.5%

Key Stats

27K
Total Providers(Tennessee)
$74K
Avg Medicare Payment(per provider)
$2021.2M
Total Medicare Payments
Nurse Practitioner
Top Specialty(6,661 providers)

How This Compares

#22 of 62
National rank by avg Medicare payment
-8%vs national average
Tennessee Medicare Revenue

Top Opportunities

#1
Chronic Care Management (99490)
$32.1M potential
#2
Remote Patient Monitoring (99454)
$21.9M potential
#3
Annual Wellness Visits (G0438/G0439)
$12.7M potential
Peer group: 27,495 providers
Confidence: High
CMS Medicare Public Data 2024
Data year: 2024

How Tennessee Compares

#22
of 62 states
-8%
vs national avg

vs Neighboring States

Tennessee
$74K
Alabama
$79K
+8%
Arkansas
$89K
+21%
Georgia
$70K
-5%
Kentucky
$56K
-24%
Strongest Specialty
Nurse Practitioner
6,661 providers
Biggest Program Gap
CCM (99490)
1.5% adoption vs 11.3% national

Top Revenue Opportunities in Tennessee

#1

Chronic Care Management (99490)

$32.1M
estimated annual opportunity

Only 1.5% of providers bill CCM vs 11.3% national average. 2,699 additional providers could adopt CCM to close this gap.

Current: 1.5%Target: 11.3%
high confidence· 2,699 providers
#2

Remote Patient Monitoring (99454)

$21.9M
estimated annual opportunity

RPM adoption is 0.5% vs 6.5% nationally. 1,635 providers could implement RPM programs.

Current: 0.5%Target: 6.5%
high confidence· 1,635 providers
#3

Annual Wellness Visits (G0438/G0439)

$12.7M
estimated annual opportunity

AWV completion at 9.7% trails the 17.5% national average. 2,130 additional providers could offer AWV services.

Current: 9.7%Target: 17.5%
high confidence· 2,130 providers

Market Opportunities by Specialty

Top 50 Providers in Tennessee

ProviderPatientsMedicare $
Aegis Sciences Corporation47,482$34.5M
Memphis Pathology Laboratory78,724$14.8M
Shoals Ambulance Llc15,157$11.1M
David PortnoyM.D.744$6.5M
Stephen HuddlestonM.D.1,219$5.7M
Roy WallaceMD1,388$5.4M
Laboratory Corporation Of America27,250$5.2M
Jackson-Madison County General Hospital5,338$5.1M
Wound Care Resources Inc.336$4.9M
James GrayM.D.291$4.9M
David ReichsteinM.D682$4.9M
Mobile Images Acquisition, Llc15,104$4.8M
Carl AwhM.D.1,135$4.7M
Mitchell MartinMD948$4.7M
Hemal MehtaMD14$4.5M
Ross KernsM.D.696$4.5M
Rural/Metro Of Tennessee, L.P.6,687$4.5M
Accupath Diagnostic Laboratories Inc3,647$4.4M
Daniel IbachMD938$4.3M
Brandon BusbeeM.D.960$4.3M
Digestivecare, Llc3,854$4.2M
Derek WelchM.D.142,368$4.1M
Knoxville Eye Surgery Center Llc1,425$4.1M
Eric SchneiderMD909$4.1M
Semmes-Murphey Clinic Pc750$4.1M
Yi FengMD933$4.0M
Raza HashmiM.D.563$3.9M
Kurt TauerMD910$3.9M
James MillerM.D.1,088$3.9M
Gang TianM.D378$3.8M
City Of Memphis General City Govt.5,846$3.8M
Jason ChandlerM.D509$3.8M
Devon GhodasraM.D.852$3.6M
Franco RecchiaMD673$3.6M
Syed Sameer NasirM.D.872$3.5M
Baptist Germantown Surgery Center, Llc728$3.4M
Tawan KhamapiradM.D.1,108$3.4M
Metropolitan Government Of Nashville & Davidson County5,407$3.4M
Matthew ColeMD650$3.3M
Richard KinseyMD19,633$3.3M
Ramakrishna BattiniM.D.406$3.3M
County Of Hamilton4,745$3.2M
William PriesterM.D.1,133$3.2M
Akshay ThomasM.D.976$3.2M
Knoxville Orthopaedic Surgery Center Llc188$3.1M
Jackson Ophthalmology Asc Llc770$3.1M
Scott SullivanM.D.793$3.0M
Nicholas AndersonM.D.1,036$3.0M
Everton ArrindellM.D.894$3.0M
Urology Surgery Center Lp758$2.9M

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