The billed amount is totally meaningless. For example, I looked up my own profile in the database, and one of the codes I bill for was billed at $576. Medicare reimbursed $119. And this was just one code out of about 2 dozen. The average reimbursement from Medicare for me was 30.33% of billed charges.
“Salomon Melgen, a Florida ophthalmologist who specializes in injections for age-related macular degeneration, was paid $20,827,341 in 2012”
So if this guy was paid 20.8 million he actually billed over 60 million? In any normal business not run by gov’t, this would not have happened.