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    OpenPayerNPI Medicare & MedicaidStephen Davis
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    Stephen Davis — Billing Profile & Reimbursement Data

    NPI 1326256918 · Little Rock, AR · Retina Specialist (Ophthalmology) Physician

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    Stephen Davis is a retina specialist (ophthalmology) physician provider located in Little Rock, Arkansas. This profile covers 23 Medicare and 1 Medicaid CPT/HCPCS procedure codes, with claims volume, average reimbursement, and total revenue by code, benchmarked against other providers billing the same services.

    Provider details (source: NPPES NPI Registry)

    FieldValue
    Entity TypeIndividual
    OrganizationStephen Davis
    Address9800 Baptist Health Dr
    CityLittle Rock
    StateAR
    ZIP72205
    TaxonomyRetina Specialist (Ophthalmology) Physician
    NPI EnumeratedMay 18, 2007

    Lifetime revenue by payer source (source: CMS Medicare & Medicaid claims data)

    Payer SourceTotal Paid
    Medicare$2.5M
    Medicaid$4.7K

    Key Findings

    This provider is a retina specialist (Ophthalmology) with a long active enrollment (NPI enumerated 2007-05-18, ~19 years ago) and a clear payer concentration: lifetime Medicare revenue is $2.5M versus lifetime Medicaid revenue of $4.7K, indicating the practice is effectively Medicare-dominant in scale. The small Medicaid footprint relative to Medicare suggests the panel is skewed toward older, Medicare-eligible patients rather than Medicaid populations.

    Medicare revenue is highly concentrated in injection and related procedure codes: the precomputed top 3 Medicare codes (J0178, J2777, 67028) account for 80.1% of the provider’s total Medicare revenue. Primary drivers are J0178 ($1.2M, 45.8% of Medicare revenue) and J2777 ($729.1K, 29.0% of Medicare revenue), with 67028 contributing $133.5K (5.3%).

    The code mix and volumes point to a clinic-centered medical retina operation focused on intravitreal pharmacotherapy and retinal monitoring: J0178 (injection, aflibercept) and J2777 (injection, faricimab) are the top revenue contributors and are supported by high-volume imaging like 92134. Procedural codes for injections (67028) and multiple intravitreal drug codes (including J2778, J2781, J7312) reinforce that in-office drug administration and follow-up imaging are core service lines rather than a primarily surgical retinal practice.

    While anti-VEGF and related drug codes are the dominant revenue drivers, the provider’s competitive standing differs by service line. For drug administration J0178 ranks #707 of 3204 nationally (78th percentile; typical, unremarkable volume) and J2777 ranks #384 of 2039 nationally (81th percentile; typical, unremarkable volume), indicating solid but not outsized national market share for injections. By contrast, 92134 (retinal computerized diagnostic imaging) is an outlier: it ranks #437 of 26868 nationally (98th percentile; extreme outlier, far above typical national volume), showing the provider is far above typical peers on imaging activity.

    Several evaluation and imaging codes also show unusually high national standing, consistent with heavy diagnostic throughput. 92012 has 1.2K claims and $68.6K revenue and ranks #301 of 17177 nationally (98th percentile; extreme outlier, far above typical national volume), and 99204 has 246 claims and $25.8K revenue and ranks #2551 of 227068 nationally (99th percentile; extreme outlier, far above typical national volume). These patterns suggest significant clinic visit volume for intermediate and new patient evaluations in addition to procedure visits.

    Surgical retina codes are present but represent a small share of Medicare revenue, indicating a primarily medical-retina/injection-focused practice with occasional surgeries. For example, 67039 shows 28 claims and $18.5K revenue and ranks #22 of 121 nationally (81th percentile; typical, unremarkable volume), while other vitrectomy and membrane procedures have low counts and small revenue shares, consistent with episodic surgical work rather than a high-volume surgical retina center.

    On Medicaid, the provider’s entire reported Medicaid revenue ($4.7K) is concentrated in a single code: 92134 (124 claims, $38 avg paid/claim), which accounts for 100.0% of Medicaid revenue and ranks #30 of 43 in-state (31th percentile; typical, unremarkable volume). Despite being an extreme outlier on Medicare imaging, the provider is not a major Medicaid retinal imaging provider in-state, underscoring a payer mix and patient demographic that heavily favors Medicare beneficiaries.

    Medicare: Total Revenue Breakdown by CPT/HCPCS Code

    Medicare revenue breakdown by CPT/HCPCS procedure code.

    View: Bar Chart1 / 2

    Medicare: Complete Services Breakdown

    The CPT/HCPCS codes generating the most Medicare revenue for this provider.

    23 rows

    CPT/HCPCS CodeDescriptionClaimsAvg PaidRevenue
    J0178Injection, aflibercept, 1 mg1,670$690$1.2M
    J2777Injection, faricimab‑svoa, 0.1 mg25,140$30$729.1K
    67028The provider injects a medication into the vitreous chamber of the eye as an isolated procedure or a separate procedure unrelated to any other procedure being performed on the eye.1,760$80$133.5K
    J2778Injection, ranibizumab, 0.1 mg510$180$91.9K
    92134The provider performs computerized diagnostic imaging of the retina in the posterior segment (back part) of the eye, interprets the data, and provides a report. The service may be on one or both eyes.2,940$30$76.4K
    92012For this CPT code, an Ophthalmologist sees an established patient for an intermediate level eye examination. Generally, a patient is considered to be "established" if the same physician, or any…1,200$60$68.6K
    92014An ophthalmologist sees an established patient for a comprehensive level eye examination. Generally, a patient is considered to be "established" if the same physician, or any physician in the group…790$80$60.2K
    J3490Unclassified drugs20$1,690$37.2K
    J2781Injection, pegcetacoplan, intravitreal, 1 mg300$120$36K
    99204The provider sees a new patient for an office visit or other outpatient visit involving evaluation and management. The visit involves a moderate level of medical decision making, and/or the provider…250$110$25.8K

    Showing 1–10 of 23

    Medicare: Competitive Analysis & Benchmarks

    How this provider's Medicare billing volume and revenue compare to other providers nationally and within its state, across 23 CPT/HCPCS codes.

    View: State1 / 2

    Full comparison — all codes billed, vs. state median

    23 rows

    CPT/HCPCS CodeRankProvider CountMedian ClaimsAvg PaidAverage Revenue
    J0178530390$690$538.3K
    J277762012,180$30$504.5K
    J2778320270$180$85K
    J2781310330$120$75.8K
    67028540270$80$51.1K
    J7312510190$160$42.6K
    J7999430100$130$20.6K
    9201432370150$70$19.1K
    6703911030$650$18.2K
    6704141020$810$17.1K

    Showing 1–10 of 23

    Medicaid: Total Revenue Breakdown by CPT/HCPCS Code

    Medicaid revenue breakdown by year and by CPT/HCPCS procedure code, including monthly billing trends and the top codes driving revenue.

    View: By Year1 / 3

    Medicaid: Complete Services Breakdown

    Every CPT/HCPCS code this provider has billed to Medicaid, with claims volume, average payment, and total revenue.

    1 rows

    CPT/HCPCS CodeDescriptionClaimsAvg PaidRevenue
    92134The provider performs computerized diagnostic imaging of the retina in the posterior segment (back part) of the eye, interprets the data, and provides a report. The service may be on one or both eyes.120$40$4.7K

    Medicaid: Competitive Analysis & Benchmarks

    How this provider's Medicaid billing volume and revenue compare to other Arkansas providers billing the same CPT/HCPCS codes.

    Full comparison — all codes billed, vs. Arkansas median

    1 rows

    CPT/HCPCS CodeDescriptionRankProvider CountMedian ClaimsAvg PaidAverage Revenue
    92134The provider performs computerized diagnostic imaging of the retina in the posterior segment (back part) of the eye, interprets the data, and provides a report. The service may be on one or both eyes.3040260$20$26.2K

    Related Providers

    Other providers that share a Tax Identification Number (TIN) with Stephen Davis, ranked by combined Medicare and Medicaid revenue.

    ProviderStateTaxonomyMedicare RevenueMedicaid Revenue
    Eye Health Northwest, PCOROphthalmology Physician$0$15.7M
    John KingARRetina Specialist (Ophthalmology) Physician$2.8M$57.3K
    Cedric PrattARRetina Specialist (Ophthalmology) Physician$2.6M$5.4K
    Christopher AdermanORRetina Specialist (Ophthalmology) Physician$2.2M$0
    Bradley HughesARRetina Specialist (Ophthalmology) Physician$2.1M$3.3K
    Elizabeth Verner-coleORRetina Specialist (Ophthalmology) Physician$1.7M$0
    Stephen MagieARRetina Specialist (Ophthalmology) Physician$1.5M$2.2K
    Jonathan YokenORRetina Specialist (Ophthalmology) Physician$1.5M$0
    Alice KennedyARRetina Specialist (Ophthalmology) Physician$1.4M$0
    Brian Chan-kaiORRetina Specialist (Ophthalmology) Physician$1.3M$0

    Nearby Providers

    Other providers in the same ZIP code as Stephen Davis, ranked by combined Medicare and Medicaid revenue.

    ProviderStateTaxonomyMedicare RevenueMedicaid Revenue
    University Of Arkansas For Medical SciencesARGeneral Acute Care Hospital$0$87.2M
    University Of Arkansas For Medical SciencesARInternal Medicine Physician$0$28.6M
    University Of Arkansas For Medical SciencesARPediatrics Physician$0$27.6M
    Arkansas Department Of Health ImmunizationsARPublic Health or Welfare Agency$0$19.3M
    Baptist HealthARGeneral Acute Care Hospital$0$16.4M
    Arkansas Department Of Health Family Planning ClinicARPublic Health or Welfare Agency$0$15.6M
    Pediatrix Medical Group Of Arkansas PAARNeonatal-Perinatal Medicine Physician$0$14.6M
    Chenal Family Therapy, PlcARMental Health Counselor$0$12.2M
    Francis A. Allen School For Exceptional Children, Inc.ARDevelopmentally Disabled Services Day Training Agency$0$11.9M
    Central Arkansas Radiation Therapy Institute IncARHematology & Oncology Physician$0$11M

    Frequently Asked Questions

    References

    1. 1.Medicare Physician & Other Practitioner by Provider and Service. CMS.gov.Provider-level Medicare Part B utilization and payment data.
    2. 2.NPPES NPI Registry. CMS.gov.National Provider Identifier registry used for provider enumeration and taxonomy metadata.

    Trek Health ingests and normalizes Transparency in Coverage data and payer policy updates to give provider organizations a clear view of how commercial reimbursement behaves across markets, payers, and services. Our platform transforms raw payer disclosures into structured intelligence that supports contract evaluation, payer negotiations, and service line strategy. By combining market benchmarks with ongoing policy visibility, Trek helps teams identify variability, risk, and opportunity in commercial reimbursement. The result is faster insight, stronger negotiating positions, and more informed financial decisions.

    Medicare Revenue by CPT/HCPCS Code
    Claims Volume vs. Arkansas Distribution
    Stephen Davis — 3 of 23 codes billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Arkansas
    Medicaid Revenue by Year vs. Arkansas Providers
    0 of 6 years billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Claims Volume vs. Arkansas Distribution
    Stephen Davis — 0 of 1 code billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Arkansas