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    Thomas Stone — Billing Profile & Reimbursement Data

    NPI 1528064219 · Louisville, KY · Retina Specialist (Ophthalmology) Physician

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    Thomas Stone is a retina specialist (ophthalmology) physician provider located in Louisville, Kentucky. 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
    OrganizationThomas Stone
    Address6450 Dutchmans Pkwy
    CityLouisville
    StateKY
    ZIP40205
    TaxonomyRetina Specialist (Ophthalmology) Physician
    NPI EnumeratedJune 27, 2005

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

    Payer SourceTotal Paid
    Medicare$2.5M
    Medicaid$520

    Key Findings

    This provider’s revenue is overwhelmingly Medicare-driven: total Medicare revenue is $2.5M versus total Medicaid revenue of $520, so the practice is effectively Medicare-dominant with only a trace Medicaid footprint. The Medicaid total is composed entirely of 92134 billing, so commercially and public-payer exposure beyond Medicare is minimal.

    Revenue concentration on Medicare is pronounced: precomputed data show the top 3 Medicare codes by revenue account for 75.5% of this provider's total Medicare revenue. Those top three codes are high-cost intravitreal biologic injections (J0178, J2777, J2778), indicating that most Medicare dollars flow from medication administration rather than routine office visits or ancillary testing.

    The code mix and volumes identify a retina-focused, injection-heavy practice model: J0178 (aflibercept) alone accounts for $1.4M and 2K claims, and J2777 (faricimab) and J2778 (ranibizumab) are the next largest contributors. Combined with substantial OCT imaging (92134), the pattern is consistent with regular intravitreal therapy and disease monitoring workflows central to retina specialty care.

    Imaging intensity is a notable strength: 92134 has 2.2K claims and $59.6K revenue for Medicare and ranks #858 of 26868 providers nationally (97th percentile; notably above typical national volume). High OCT volume relative to national peers supports a case mix that requires frequent anatomic monitoring and likely drives recurring follow-up visits tied to injection cycles.

    Competitive standing on the principal drug is modest nationally: J0178 ranks #541 of 3204 providers (83th percentile; typical, unremarkable volume), while J2777 and J2778 sit in middle percentiles (58th and 54th respectively; both labeled typical, unremarkable volume). In short, the provider is an active participant in intravitreal biologic administration but does not appear as an extreme outlier or dominant national provider for those drugs.

    Surgical-retina services are present but secondary to injections: codes such as 67036 (44 claims, $27.9K, rank #101 of 832, 88th percentile; typical, unremarkable volume) and 67041 (35 claims, $27.2K, rank #60 of 461, 87th percentile; typical, unremarkable volume) indicate some vitrectomy/retinal surgery activity. These procedures contribute meaningful clinical capability and revenue diversification, but they represent a much smaller share of total Medicare revenue than injectable therapies.

    Medicaid engagement is minimal and localized to imaging: Medicaid revenue is $528 with 16 claims of 92134 accounting for 100.0% of the provider’s Medicaid billing; in-state rank for that code is #66 of 74 providers (8th percentile; typical, unremarkable volume). This suggests limited participation or low Medicaid patient volume, so Medicaid policy changes or state-level network decisions are unlikely to materially affect overall revenue.

    The provider has long tenure on file—NPI enumerated 2005-06-27 (~21 years ago)—which, together with the sustained patterns of injection and high OCT volume, implies an established retina practice with consistent clinical workflows centered on intravitreal therapy and retinal imaging.

    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 mg1,990$690$1.4M
    J2777Injection, faricimab‑svoa, 0.1 mg12,480$30$361.9K
    J2778Injection, ranibizumab, 0.1 mg730$180$134.3K
    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.1,300$90$115.8K
    J3490Unclassified drugs50$1,640$88.8K
    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.2,210$30$59.6K
    J2781Injection, pegcetacoplan, intravitreal, 1 mg480$120$57.7K
    99214The provider sees an established 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…610$90$56K
    J7312Injection, dexamethasone, intravitreal implant, 0.1 mg290$160$46.5K
    99213The provider sees an established patient for an office visit or other outpatient visit involving evaluation and management. The visit involves a low level of medical decision making, and/or the…610$60$35.8K

    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
    J01781440870$690$858.5K
    J2777123011,040$30$399.1K
    J2778820700$180$148.3K
    670281450650$90$72.9K
    J2781210380$120$48.4K
    J7312510190$160$43.9K
    6703652020$910$28.1K
    J349061050$370$27.2K
    6704121020$1,020$24.5K
    6704241020$1,170$23.4K

    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.20$30$530

    Medicaid: Competitive Analysis & Benchmarks

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

    Full comparison — all codes billed, vs. Kentucky 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.6670210$20$29.2K

    Related Providers

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

    ProviderStateTaxonomyMedicare RevenueMedicaid Revenue
    Columbus Radiology CorpOHDiagnostic Radiology Physician$0$49.9M
    Riverside Radiology And Interventional Associates IncOHDiagnostic Radiology Physician$0$30.3M
    Somc Medical Care Foundation, Inc.OHFamily Medicine Physician$0$25.3M
    Retina And Vitreous Associates Of Kentucky PLLCKYRetina Specialist (Ophthalmology) Physician$0$13.3M
    Nathan SteinleCARetina Specialist (Ophthalmology) Physician$9.5M$0
    Pain Relief CentersKYInterventional Pain Medicine Physician$0$8.7M
    Eye Centers Of Louisville,pscKYOphthalmology Physician$0$7.5M
    Norton Clark Physician Practices, LLCINInternal Medicine Physician$0$7.1M
    Kyle ThompsonIDRetina Specialist (Ophthalmology) Physician$4.5M$0
    Inder SingalKYOphthalmology Physician$4M$151.3K

    Nearby Providers

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

    ProviderStateTaxonomyMedicare RevenueMedicaid Revenue
    Dreams With Wings, IncKYBehavior Analyst$0$20.1M
    The Princecare GroupKYIntellectual and/or Developmental Disabilities Community Based Residential Treatment Facility$0$19M
    Hosparus Inc.KYCommunity Based Hospice Care Agency$0$10.1M
    Dental Surgicenter Of Louisville LLCKYAmbulatory Surgical Clinic/Center$0$8.4M
    Norton Hospitals IncKYLand Ambulance$791.2K$77.1K
    Andrew WestKYMOHS-Micrographic Surgery Physician$713.9K$0
    Tariq MuhammadKYNephrology Physician$245.5K$189K
    Casey JohnsonKYOphthalmology Physician$284.1K$0
    Ramsey NassarKYNephrology Physician$253.9K$0
    Boutros El-haddadKYNephrology Physician$247.3K$0

    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. Kentucky Distribution
    Thomas Stone — 2 of 23 codes billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Kentucky
    Medicaid Revenue by Year vs. Kentucky Providers
    0 of 1 year billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Claims Volume vs. Kentucky Distribution
    Thomas Stone — 0 of 1 code billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Kentucky