Physician

Balakrishnan Natarajan, MD

According to 2025 Medicare claims, Balakrishnan Natarajan, MD (NPI: 1295799013) practices sports medicine in the Chicago-Naperville-Schaumburg, IL market, with the plurality of this provider's patient population coming from Cook, IL. This provider's primary affiliated billing organization is BALU NATARAJAN MD SC (NPI: 1437350592; TIN: 760724607) and primary practice location at 60602-2002.

Natarajan's data goes back to 2015 and runs through 2024. For example, in 2024, this provider had 46 traditional Medicare patients, billed 145 HCPCS/CPT codes, and received $9,547 in Medicare payments. The top billing code was 99204 (New patient office or other outpatient visit with moderate level of medical decision making, if using time, 45 minutes or more). Part D data shows 79 prescription claims across 14 beneficiaries totaling $1,453 in drug costs, led by Levothyroxine Sodium (Levothyroxine Sodium). DME data shows 62 claims. No Open Payments records. You can download detailed data with all billing codes (2015-2024). For more recent data, please contact us.

Over the past 10 years, this provider's Medicare Part B carrier billing has moved up and down with repeated peaks and valleys, starting at $7,819 and ending at $9,547. Concurrently, Part D prescription costs have declined steadily, from $17,049 to $1,453. For DME billing, this provider has fewer than 5 years of reported data, so a reliable trend cannot be assigned.

Part B Carrier Billing Trend

Medicare payment trend, with N of patients and claim lines in the table.

Year	Patients	Clm Lines	Payment
2015	37	118	$7,819
2016	66	148	$10,878
2017	63	190	$10,470
2018	48	151	$7,710
2019	64	199	$10,001
2020	43	127	$7,536
2021	54	204	$13,616
2022	57	149	$10,320
2023	50	154	$10,065
2024	46	145	$9,547

Part D Events Trend

Drug cost trend, with N of patients and prescription claims in the table.

Year	Patients	Claims	Drug Cost
2015	13	161	$17,049
2016	13	134	$14,471
2017	16	107	$14,273
2018	13	232	$18,022
2019	13	163	$18,865
2020	16	109	$13,412
2021	15	100	$19,479
2022	11	67	$9,693
2023	16	74	$5,809
2024	14	79	$1,453

DME Billing Trend

Medicare payment trend, with N of patients and DME claim records in the table.

Year	Patients	Claims	Payment
2015	N/R	N/R	N/R
2016	N/R	N/R	N/R
2017	N/R	N/R	N/R
2018	N/R	N/R	N/R
2019	N/R	12	$263
2020	N/R	23	$537
2021	N/R	48	$2,650
2022	N/R	48	$1,852
2023	N/R	50	$1,229
2024	N/R	62	$1,450

* / # = suppressed by CMS; 0 = reported zero; N/R = not reported or blank.

Top 5 Part B carrier billing codes in 2024

By total payments.

Code	Description	Patients	Clm Lines	Total Payment
99204	New patient office or other outpatient visit with moderate level of medical decision making, if using time, 45 minutes or more	13	13	$103
99214	Established patient office or other outpatient visit with moderate level of decision making, if using time, 30 minutes or more	35	61	$93
99213	Established patient office or other outpatient visit with low level od decision making, if using time, 20 minutes or more	23	30	$69

Top 5 Part D drugs in 2024

By total drug costs.

Drug	Generic	Claims	Total Day Supply	Total Drug Cost
Levothyroxine Sodium	Levothyroxine Sodium	19	1,110	$108
Prednisone	Prednisone	13	383	$47

Top 5 DME services in 2024

By Total Medicare Payment Amount.

HCPCS Code	HCPCS Description	Supplier Rental Indicator	Total Supplier Beneficiaries	Total Supplier Claims	Total Medicare Payment Amount
E0849	Traction equipment, cervical, free-standing stand/frame, pneumatic, applying traction force to other than mandible	Y	N/R	12	$469
J7518	Mycophenolic acid, oral, 180 mg	N	N/R	13	$451
Q0511	Pharmacy supply fee for oral anti-cancer, oral anti-emetic or immunosuppressive drug(s); for the first prescription in a 30-day period	N	N/R	12	$226
Q0512	Pharmacy supply fee for oral anti-cancer, oral anti-emetic or immunosuppressive drug(s); for a subsequent prescription in a 30-day period	N	N/R	13	$163
J7507	Tacrolimus, immediate release, oral, 1 mg	N	N/R	12	$142

Open Payments Summary

No connected Open Payments records were found for this physician in General Payments, Research Payments, or Ownership / Investment Interests.

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FAQ

What Medicare data is available for Balakrishnan Natarajan, MD?

Tedicare shows public-source Medicare data for Balakrishnan Natarajan, MD (NPI 1295799013), including provider identity, specialty, market context, Medicare Part B activity, Part D prescribing, DME records, Open Payments where available, billing organization details, and ACO affiliation signals where available. Profile data covers 2015-2024, with current attribution based on 2025 claims where available.

Does Balakrishnan Natarajan, MD have ACO affiliation data?

No ACO affiliation record is shown in the available Tedicare data for this profile.

What billing organization is linked to Balakrishnan Natarajan, MD?

Balakrishnan Natarajan, MD is linked to BALU NATARAJAN MD SC (billing NPI 1437350592) in the available physician profile data.

Does Balakrishnan Natarajan, MD have Open Payments data?

No connected Open Payments records are shown for this physician in the available General Payments, Research Payments, or Ownership / Investment Interests data.

Can I download physician-level Medicare data from Tedicare?

Yes. Tedicare provides sample physician export data and paid custom physician data exports for research, planning, outreach, and market analysis. Exports can include physician profile fields, market and specialty context, billing organization details, ACO affiliation signals where available, and Medicare utilization data.