Eye doctors dominate the list of the New Jersey physicians who are paid the most by the
federal Medicare program. The payment data, which was released by the federal Centers for Medicare and Medicaid Services (CMS) earlier this year, reflects the Part B program. It covers medically necessary and preventive services, including some surgeon\’s fees, but doesn\’t cover hospital or nursing bills.
The totals don\’t necessarily reflect the doctors\’ take-home pay, since many providers may use an individual\’s federal ID number to bill Medicare. In addition, the payments support the doctors\’ costs to operate their practices.
For example, Wrightstown pathologist Michael C. McGinnis received the third largest amount of any doctor in the country and more than twice as much as the second-highest-paid New Jersey doctor. But he explained to CNBC that 28 different pathologists used his ID number.
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