18,346 observed fee-for-service (50%) · ~18,403 estimated Medicare Advantage. Scaled from the observed floor by each state’s fee-for-service share (FFS share as of 2024) — scaled estimate — assumes MA utilization mirrors FFS; not an observation. How we scale
Disclosed Medicare fee-for-service services by billing state; open a bar for that state's ranked market. Average submitted charge / service by billing state, among the highest-volume states; open a bar for that state's ranked market.
- Market position — where this market sits on volume and growth among all state markets, and its rank.
- Worth a look — every state market for this search, ranked by a published score: size, growth, fragmentation, below-expected volume.
- Lookalike opportunities — groups billing below what peers of the same specialty, size, and state predict, with the expected figure shown.
- National benchmarks — where each group's volume sits nationally and within its specialty.
- Market structure — how concentrated this market is, and who owns the volume.
- Medicare-wide scaling — the payer split, and this market total scaled to all of Medicare, labeled as an estimate.
Or just look at it: nuclear heart imaging (78452) in Arizona is open as a live example — the full paid view, real data.
View the live example →Nevvi's market analytics platform — code baskets, market structure and share, the twelve-year trend layer — is built and not launched yet. We're gathering interest in it.
Notify me at launch →| # | Physician group activate to sort | City activate to sort | St activate to sort | Specialty activate to sort | Providers activate to sort | 0055T svcs sorted descending — activate to reverse | Submitted charges activate to sort | Avg charge activate to sort | Medicare $ locked column | Share* activate to sort | Phone |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | DESERT ORTHOPEDIC CENTER A MEDICAL GROUP INC | RANCHO MIRAGE | CA | PHYSICIAN ASSISTANT | 50 | 917 | $717,094 | $782 | premium | 38.2% | (760) 340-3911 |
| 2 | ROPER SAINT FRANCIS PHYSICIANS NETWORK | CHARLESTON | SC | PHYSICIAN ASSISTANT | 539 | 532 | $232,484 | $437 | premium | 71.3% | (843) 720-8448 |
| 3 | THE PHYSICIANS GROUP, LLC | OKLAHOMA CITY | OK | NURSE PRACTITIONER | 103 | 513 | $229,824 | $448 | premium | 56.0% | (405) 692-9300 |
| 4 | EMERGEORTHO PA | DURHAM | NC | PHYSICIAN ASSISTANT | 725 | 504 | $201,600 | $400 | premium | 38.9% | (919) 544-7270 |
| 5 | DICKSON DIVELEY MIDWEST ORTHOPAEDIC CLINIC LLC | LEAWOOD | KS | ORTHOPEDIC SURGERY | 67 | 500 | $161,870 | $324 | premium | 52.5% | (913) 319-7600 |
| 6 | ENDEAVOR HEALTH MEDICAL GROUP | EVANSTON | IL | NURSE PRACTITIONER | 3380 | 488 | $186,416 | $382 | premium | 26.7% | — |
| 7 | ORTHOLONESTAR PLLC | DALLAS | TX | PHYSICIAN ASSISTANT | 407 | 381 | $114,300 | $300 | premium | 12.9% | (214) 220-2468 |
| 8 | VHS OUTPATIENT CLINICS INC | PHOENIX | AZ | PHYSICIAN ASSISTANT | 180 | 363 | $352,473 | $971 | premium | 20.2% | (602) 274-6506 |
| 9 | NEW YORK UNIVERSITY | NEW YORK | NY | DIAGNOSTIC RADIOLOGY | 5704 | 309 | $1,058,634 | $3,426 | premium | 18.2% | (212) 263-9700 |
| 10 | ORTHOCAROLINA | CHARLOTTE | NC | PHYSICIAN ASSISTANT | 304 | 303 | $103,929 | $343 | premium | 23.4% | (704) 323-2100 |
| 11 | ST CHARLES HEALTH SYSTEM INC | BEND | OR | PHYSICIAN ASSISTANT | 373 | 289 | $130,050 | $450 | premium | 71.2% | (541) 706-7715 |
| 12 | PROLIANCE SURGEONS INC P S | ISSAQUAH | WA | PHYSICIAN ASSISTANT | 395 | 275 | $284,090 | $1,033 | premium | 36.5% | (425) 313-5422 |
| 13 | CHRISTUS TRINITY CLINIC | TYLER | TX | NURSE PRACTITIONER | 1495 | 251 | $329,563 | $1,313 | premium | 8.5% | (903) 606-5560 |
| 14 | SUTTER BAY MEDICAL FOUNDATION | PALO ALTO | CA | INTERNAL MEDICINE | 3716 | 242 | $135,036 | $558 | premium | 10.1% | (415) 600-1020 |
| 15 | MASS GENERAL BRIGHAM MEDICAL GROUP NORTHERN MASSACHUSETTS INC | SALEM | MA | NURSE PRACTITIONER | 803 | 240 | $219,756 | $916 | premium | 32.5% | (978) 741-4133 |
| 16 | VERO ORTHOPAEDICS II PA | VERO BEACH | FL | PHYSICIAN ASSISTANT | 49 | 231 | $115,500 | $500 | premium | 10.2% | (772) 257-3608 |
| 17 | ST. DAVID'S ORTHO NEURO AND REHAB PLLC | AUSTIN | TX | PHYSICIAN ASSISTANT | 61 | 225 | $184,050 | $818 | premium | 7.6% | (512) 816-8611 |
| 18 | DIGNITY HEALTH MEDICAL FOUNDATION | FOLSOM | CA | DIAGNOSTIC RADIOLOGY | 1197 | 223 | $104,078 | $467 | premium | 9.3% | (916) 983-7476 |
| 19 | SETON FAMILY OF DOCTORS | AUSTIN | TX | PHYSICIAN ASSISTANT | 804 | 220 | $179,960 | $818 | premium | 7.4% | (512) 324-7300 |
| 20 | BONE AND JOINT INSTITUTE OF TENNESSEE INC | FRANKLIN | TN | PHYSICIAN ASSISTANT | 79 | 219 | $109,500 | $500 | premium | 15.7% | (615) 790-7992 |
| 21 | MERCY CLINIC OKLAHOMA COMMUNITIES | OKLAHOMA CITY | OK | PHYSICIAN ASSISTANT | 642 | 206 | $134,724 | $654 | premium | 22.5% | (405) 254-9690 |
| 22 | WILLIAM R. GALLIVAN, JR., M.D., INC. | SANTA BARBARA | CA | PHYSICIAN ASSISTANT | 4 | 200 | $120,000 | $600 | premium | 8.3% | (805) 220-6020 |
| 23 | ORTHO CENTRAL | NORMAN | OK | PHYSICIAN ASSISTANT | 32 | 197 | $68,950 | $350 | premium | 21.5% | — |
| 24 | EL CAMINO HEALTH MEDICAL NETWORK LLC | SAN JOSE | CA | PHYSICIAN ASSISTANT | 199 | 195 | $198,306 | $1,017 | premium | 8.1% | (408) 871-3400 |
| 25 | NORTH SHORE-LIJ MEDICAL PC | MANHASSET | NY | PHYSICIAN ASSISTANT | 6294 | 193 | $205,738 | $1,066 | premium | 11.4% | — |
| 26 | ORTHOPAEDIC ASSOCIATES LLP | WICHITA FALLS | TX | PHYSICAL THERAPIST IN PRIVATE PRACTICE | 11 | 185 | $226,625 | $1,225 | premium | 6.2% | (940) 689-9664 |
| 27 | NY SOCIETY FOR THE RELIEF OF RUPTURED AND CRIPPLED MAINTAINING | NEW YORK | NY | PHYSICIAN ASSISTANT | 174 | 179 | $431,000 | $2,408 | premium | 10.6% | (516) 240-2700 |
| 28 | MAYO CLINIC | ROCHESTER | MN | NURSE PRACTITIONER | 4896 | 170 | $170 | $1 | premium | 34.6% | (507) 284-2511 |
| 29 | CENTER FOR ORTHOPAEDICS AND SPINE LLC | LAKE CHARLES | LA | NURSE PRACTITIONER | 32 | 169 | $117,962 | $698 | premium | 13.6% | (337) 721-7236 |
| 30 | TENNESSEE ORTHOPAEDIC ALLIANCE PA | NASHVILLE | TN | PHYSICIAN ASSISTANT | 352 | 167 | $98,530 | $590 | premium | 12.0% | (615) 329-6600 |
| 31 | MAYO CLINIC ARIZONA | PHOENIX | AZ | PHYSICIAN ASSISTANT | 1635 | 157 | $440,699 | $2,807 | premium | 8.8% | (800) 603-0558 |
| 32 | SANSUM CLINIC | SANTA BARBARA | CA | INTERNAL MEDICINE | 322 | 153 | $91,647 | $599 | premium | 6.4% | (805) 681-7500 |
| 33 | NORTH FLORIDA SURGEONS PA | JACKSONVILLE | FL | PHYSICIAN ASSISTANT | 331 | 147 | $111,132 | $756 | premium | 6.5% | (904) 396-1725 |
| 34 | OLYMPIA ORTHOPAEDIC ASSOCIATES PLLC | OLYMPIA | AZ | PHYSICIAN ASSISTANT | 109 | 144 | $54,945 | $382 | premium | 8.0% | — |
| 35 | PHYSIOTHERAPY ASSOCIATES INC | SOUTH DENNIS | MA | ORTHOPEDIC SURGERY | 1373 | 137 | $137,000 | $1,000 | premium | 18.6% | (508) 385-4212 |
| 36 | UNIVERSITY OF VERMONT MEDICAL CENTER INC | BURLINGTON | VT | PHYSICIAN ASSISTANT | 1194 | 133 | $89,580 | $674 | premium | 64.6% | (802) 847-0000 |
| 37 | OSS ORTHOPAEDIC HOSPITAL LLC | YORK | PA | PHYSICIAN ASSISTANT | 123 | 130 | $45,501 | $350 | premium | 5.2% | (717) 848-4800 |
| 38 | LMG LLC | MARRERO | LA | ORTHOPEDIC SURGERY | 7 | 127 | $337,749 | $2,659 | premium | 10.2% | (504) 347-5421 |
| 39 | BIENVILLE ORTHOPAEDIC SPECIALISTS, LLC | VANCLEAVE | MS | ORTHOPEDIC SURGERY | 42 | 124 | $40,782 | $329 | premium | 79.5% | (228) 230-2663 |
| 40 | ALBEMARLE PHYSICIAN SERVICES - SENTARA INC | ELIZABETH CITY | NC | NURSE PRACTITIONER | 77 | 123 | $35,424 | $288 | premium | 9.5% | (252) 384-2600 |
| 41 | KING COUNTY PUBLIC HOSPITAL DISTRICT NO 2 | KIRKLAND | WA | PHYSICIAN ASSISTANT | 588 | 123 | $64,399 | $524 | premium | 16.3% | — |
| 42 | CENTRAL DUPAGE PHYSICIAN GROUP | WHEATON | IL | PHYSICIAN ASSISTANT | 1097 | 122 | $71,980 | $590 | premium | 6.7% | (630) 933-4800 |
| 43 | WEST TENNESSEE BONE AND JOINT CLINIC PC | JACKSON | TN | ORTHOPEDIC SURGERY | 60 | 116 | $48,720 | $420 | premium | 8.3% | (731) 661-9825 |
| 44 | HILLCREST PHYSICIAN SERVICES | WACO | TX | NURSE PRACTITIONER | 113 | 114 | $55,974 | $491 | premium | 3.8% | (254) 202-7950 |
| 45 | VIRTUA MEDICAL GROUP, PA | VOORHEES | NJ | PHYSICIAN ASSISTANT | 1662 | 112 | $119,730 | $1,069 | premium | 30.2% | (856) 247-7260 |
| 46 | ADVANCED ORTHOPEDIC CENTER OF CHARLOTTE COUNTY, PA | PORT CHARLOTTE | FL | PHYSICIAN ASSISTANT | 36 | 111 | $55,500 | $500 | premium | 4.9% | (941) 629-6262 |
| 47 | LEHIGH VALLEY PHYSICIAN GROUP | ALLENTOWN | PA | PHYSICIAN ASSISTANT | 2389 | 107 | $92,020 | $860 | premium | 4.3% | — |
| 48 | HIGHLAND CLINIC, A PROF MED CORP | SHREVEPORT | LA | PHYSICIAN ASSISTANT | 58 | 105 | $68,250 | $650 | premium | 8.4% | — |
| 49 | RENOVATION ORTHOPAEDICS LLC | SCOTTSDALE | AZ | PHYSICIAN ASSISTANT | 3 | 104 | $301,600 | $2,900 | premium | 5.8% | (623) 208-7979 |
| 50 | HEINRICH-JOSEY ORTHOPAEDICS | AUSTIN | TX | PHYSICIAN ASSISTANT | 22 | 104 | $208,000 | $2,000 | premium | 3.5% | (512) 476-2830 |
| 51 | SCOTT AND WHITE CLINIC | TEMPLE | TX | PHYSICIAN ASSISTANT | 2435 | 103 | $50,573 | $491 | premium | 3.5% | (254) 724-2663 |
| 52 | REGIONAL ORTHOPAEDIC ASSOCIATES PA | WILMINGTON | DE | PHYSICIAN ASSISTANT | 59 | 102 | $51,000 | $500 | premium | 100.0% | (302) 655-9494 |
| 53 | UPSTATE ORTHOPEDICS, LLP | CAMILLUS | NY | ORTHOPEDIC SURGERY | 34 | 102 | $46,410 | $455 | premium | 6.0% | (315) 551-6000 |
| 54 | SAINT ALPHONSUS REGIONAL MEDICAL CENTER INC | BOISE | ID | PHYSICIAN ASSISTANT | 647 | 101 | $58,883 | $583 | premium | 34.1% | — |
| 55 | UNITED HOSPITAL CENTER INC | BRIDGEPORT | WV | PHYSICIAN ASSISTANT | 298 | 99 | $109,867 | $1,110 | premium | 60.0% | (681) 342-1842 |
| 56 | THUNDER ORTHOPEDICS, LLC | CHARLOTTESVILLE | VA | GENERAL PRACTICE | 3 | 99 | $27,434 | $277 | premium | 18.5% | (434) 326-5815 |
| 57 | IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION | BETTENDORF | IA | NURSE PRACTITIONER | 1202 | 96 | $55,680 | $580 | premium | 42.1% | — |
| 58 | MAYO CLINIC HEALTH SYSTEM-SOUTHEAST MINNESOTA REGION | ALBERT LEA | MN | NURSE PRACTITIONER | 560 | 96 | $96 | $1 | premium | 19.6% | (507) 373-2384 |
| 59 | MERCY CLINIC JOPLIN LLC | JOPLIN | KS | NURSE PRACTITIONER | 289 | 96 | $57,504 | $599 | premium | 10.1% | (417) 556-6056 |
| 60 | SOUTHCOAST PHYSICIANS GROUP INC | FALL RIVER | RI | NURSE PRACTITIONER | 868 | 95 | $95,185 | $1,002 | premium | 72.0% | (508) 973-5919 |
| 61 | UT PHYSICIANS | HOUSTON | TX | NURSE PRACTITIONER | 1758 | 94 | $103,400 | $1,100 | premium | 3.2% | (713) 566-5000 |
| 62 | OHI WEST MEDICAL GROUP II LLC | ZEPHYRHILLS | FL | NURSE PRACTITIONER | 417 | 93 | $64,105 | $689 | premium | 4.1% | (813) 751-3375 |
| 63 | MAYO CLINIC HEALTH SYSTEM-SOUTHWEST WISCONSIN REGION INC | LA CROSSE | WI | FAMILY PRACTICE | 547 | 93 | $93 | $1 | premium | 31.3% | (608) 785-0940 |
| 64 | OCHSNER CLINIC LLC | NEW ORLEANS | LA | NURSE PRACTITIONER | 2839 | 92 | $91,540 | $995 | premium | 7.4% | (504) 842-3000 |
| 65 | ETMC PHYSICIAN GROUP, INC. | TYLER | TX | NURSE PRACTITIONER | 373 | 92 | $40,112 | $436 | premium | 3.1% | (903) 590-5611 |
| 66 | ANMED HEALTH | ANDERSON | SC | FAMILY PRACTICE | 343 | 91 | $38,584 | $424 | premium | 12.2% | — |
| 67 | UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS | DALLAS | TX | PHYSICIAN ASSISTANT | 3200 | 91 | $82,901 | $911 | premium | 3.1% | (214) 633-5555 |
| 68 | TOPEKA PHYSICIAN GROUP LLC | TOPEKA | KS | NURSE PRACTITIONER | 153 | 89 | $31,472 | $354 | premium | 9.3% | (785) 295-7800 |
| 69 | MARSTON SHAUN HOLT MD PA | HOUSTON | TX | PHYSICAL THERAPIST IN PRIVATE PRACTICE | 15 | 89 | $71,200 | $800 | premium | 3.0% | (281) 335-1111 |
| 70 | WHITE RIVER HEALTH SYSTEM, INC. | BATESVILLE | AR | NURSE PRACTITIONER | 180 | 89 | $1 | $0 | premium | 17.0% | (870) 793-7519 |
| 71 | INTERMOUNTAIN MEDICAL GROUP GRAND JUNCTION, LLC | GRAND JUNCTION | MI | PHYSICIAN ASSISTANT | 294 | 84 | $28,224 | $336 | premium | 22.3% | (970) 242-3535 |
| 72 | CONNECTICUT ORTHOPAEDIC SPECIALISTS PC | HAMDEN | CT | PHYSICIAN ASSISTANT | 181 | 83 | $16,600 | $200 | premium | 38.1% | — |
| 73 | OSF MULTI-SPECIALTY GROUP | PEORIA | IL | NURSE PRACTITIONER | 2091 | 83 | $82,751 | $997 | premium | 4.5% | (309) 683-5050 |
| 74 | NEW MEXICO ORTHOPAEDIC ASSOCIATES PC | ALBUQUERQUE | NM | PHYSICIAN ASSISTANT | 77 | 83 | $49,800 | $600 | premium | 31.0% | 50572443003208 |
| 75 | SOUTHEAST ORTHOPEDIC SPECIALISTS LLC | JACKSONVILLE | FL | PHYSICIAN ASSISTANT | 143 | 82 | $1,159,070 | $14,135 | premium | 3.6% | (904) 634-0640 |
| 76 | BLACKROCK ORTHOPEDIC SPECIALISTS LLC | MERIDIAN | ID | ORTHOPEDIC SURGERY | 3 | 80 | $22,200 | $278 | premium | 27.0% | (208) 900-5633 |
| 77 | SOUTHWEST MEDICAL ASSOCIATES, LLC | ALBUQUERQUE | NM | PHYSICIAN ASSISTANT | 328 | 78 | $40,950 | $525 | premium | 29.1% | (505) 727-7090 |
| 78 | BRIAN F GRUBER MD LTD | SCOTTSDALE | AZ | PHYSICAL THERAPIST IN PRIVATE PRACTICE | 7 | 76 | $83,482 | $1,098 | premium | 4.2% | (602) 734-1834 |
| 79 | MAYO CLINIC | ROCHESTER | IA | NURSE PRACTITIONER | 4896 | 75 | $75 | $1 | premium | 32.9% | (507) 284-2511 |
| 80 | CENTRAL VERMONT MEDICAL CENTER INC | BERLIN | VT | NURSE PRACTITIONER | 243 | 73 | $29,218 | $400 | premium | 35.4% | (802) 225-1266 |
| 81 | MOUNTAINSTAR SPECIALTY SERVICES LLC | SALT LAKE CITY | UT | PHYSICIAN ASSISTANT | 26 | 72 | $58,896 | $818 | premium | 42.9% | — |
| 82 | ORTHOARKANSAS PA | LITTLE ROCK | AR | PHYSICAL THERAPIST IN PRIVATE PRACTICE | 145 | 72 | $27,000 | $375 | premium | 13.8% | (501) 500-3500 |
| 83 | MAYO CLINIC HEALTH SYSTEM-SOUTHWEST MINNESOTA REGION | MANKATO | MN | DIAGNOSTIC RADIOLOGY | 689 | 71 | $71 | $1 | premium | 14.5% | (507) 625-4031 |
| 84 | INTERMOUNTAIN MEDICAL GROUP GRAND JUNCTION, LLC | GRAND JUNCTION | CO | PHYSICIAN ASSISTANT | 294 | 71 | $23,856 | $336 | premium | 55.5% | (970) 242-3535 |
| 85 | ATRIUS HEALTH INC | BOSTON | MA | NURSE PRACTITIONER | 1196 | 69 | $40,515 | $587 | premium | 9.3% | (617) 421-1000 |
| 86 | TEXAS STAR ORTHOPEDIC INSTITUTE LLC | PLANO | TX | ORTHOPEDIC SURGERY | 23 | 68 | $45,560 | $670 | premium | 2.3% | (972) 250-5700 |
| 87 | ASCENSION MEDICAL GROUP PROMED | KALAMAZOO | MI | PHYSICIAN ASSISTANT | 260 | 68 | $25,228 | $371 | premium | 18.1% | (269) 226-5165 |
| 88 | GULF COAST MULTISPECIALITY SERVICES, LLC | PANAMA CITY | FL | CARDIOVASCULAR DISEASE (CARDIOLOGY) | 18 | 68 | $55,624 | $818 | premium | 3.0% | (850) 872-3939 |
| 89 | METHODIST PHYSICIAN PRACTICES PLLC | SAN ANTONIO | TX | INTERVENTIONAL CARDIOLOGY | 169 | 66 | $48,140 | $729 | premium | 2.2% | (210) 575-8289 |
| 90 | ILLINOIS BONE AND JOINT INSTITUTE, LLC | BANNOCKBURN | IL | ORTHOPEDIC SURGERY | 595 | 66 | $49,500 | $750 | premium | 3.6% | — |
| 91 | NORTH SHORE-LIJ MEDICAL PC | MANHASSET | CT | PHYSICIAN ASSISTANT | 6294 | 66 | $70,356 | $1,066 | premium | 30.3% | — |
| 92 | CONWAY REGIONAL MEDICAL CENTER INC | CONWAY | AR | NURSE PRACTITIONER | 141 | 66 | $24,750 | $375 | premium | 12.6% | (501) 358-6695 |
| 93 | RAU PHYSICAL THERAPY INC | FRANKENMUTH | MI | ORTHOPEDIC SURGERY | 95 | 64 | $34,600 | $541 | premium | 17.0% | — |
| 94 | ORTHOVIRGINIA INC | NORTH CHESTERFIELD | VA | PHYSICIAN ASSISTANT | 567 | 63 | $40,257 | $639 | premium | 11.8% | — |
| 95 | MACON ORTHOPAEDIC AND HAND CENTER, PA | MACON | GA | NURSE PRACTITIONER | 87 | 62 | $85,560 | $1,380 | premium | 11.9% | (478) 745-4206 |
| 96 | CHRISTUS TRINITY CLINIC | TYLER | AZ | NURSE PRACTITIONER | 1495 | 60 | $78,780 | $1,313 | premium | 3.3% | (903) 606-5560 |
| 97 | SOUTHCOAST PHYSICIANS GROUP INC | FALL RIVER | MA | NURSE PRACTITIONER | 868 | 60 | $60,020 | $1,000 | premium | 8.1% | (508) 973-5919 |
| 98 | UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS | DALLAS | NY | PHYSICIAN ASSISTANT | 3200 | 59 | $59,000 | $1,000 | premium | 3.5% | (214) 633-5555 |
| 99 | BANNER PHYSICIAN SPECIALISTS ARIZONA LLC | SUN CITY | AZ | PHYSICIAN ASSISTANT | 354 | 56 | $6,104 | $109 | premium | 3.1% | (623) 832-4000 |
| 100 | OLYMPIA ORTHOPAEDIC ASSOCIATES PLLC | OLYMPIA | WA | PHYSICIAN ASSISTANT | 109 | 56 | $21,367 | $382 | premium | 7.4% | — |
Showing the top 100 of 192 groups — the full ranking is part of the market analytics platform — built, not launched yet. Notify me at launch →
*Share of the state's disclosed Medicare-FFS services for the primary code, counted once per clinician. "St" is the state the volume was billed from: a group appears in each state where its clinicians bill Medicare, with that state's volume and share ("City" is the group's registered location). Group figures sum clinicians affiliated with exactly one group; clinicians in several groups are listed in each group's drill-down but not volume-attributed to any single group, so shares reflect attributable volume. See Methods.
Comparing against an all-payer estimate?
These are exact counts from Medicare fee-for-service claims — roughly a third to half of most procedure markets, depending on payer mix. Modeled all-payer databases project the remainder statistically; we publish the audited floor and label it as such. Same market, different denominator. How the numbers reconcile →