20,836 observed fee-for-service (50%) · ~20,479 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 | 92587 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 | JOSEPH M CAPO MD PC | LEVITTOWN | NY | OTOLARYNGOLOGY | 13 | 1,728 | $165,604 | $96 | premium | 11.2% | (516) 731-6644 |
| 2 | NEW YORK ALLERGY ASTHMA AND IMMUNOLOGY PC | GREAT NECK | NY | PHYSICIAN ASSISTANT | 10 | 1,018 | $203,600 | $200 | premium | 6.6% | (516) 487-6200 |
| 3 | OPTUM MEDICAL CARE PC | MOUNT KISCO | NY | INTERNAL MEDICINE | 1040 | 886 | $305,825 | $345 | premium | 5.7% | (914) 241-1050 |
| 4 | TALLGRASS BALANCE HEARING AND PHYSICAL THERAPY LLC | TOPEKA | KS | QUALIFIED AUDIOLOGIST | 3 | 764 | $95,500 | $125 | premium | 100.0% | (785) 228-6100 |
| 5 | MARON AND RODRIGUES MEDICAL GROUP LLC | FLORHAM PARK | NJ | INTERNAL MEDICINE | 8 | 603 | $34,435 | $57 | premium | 18.6% | (973) 822-2000 |
| 6 | SUMTER EAR NOSE THROAT AND FACIAL PLASTIC SURGERY LLC | SUMTER | SC | OTOLARYNGOLOGY | 2 | 579 | $66,585 | $115 | premium | 97.0% | (803) 778-5970 |
| 7 | SOUTHSHORE OTOLARYNGOLOGY PC | ROCKVILLE CENTRE | NY | OTOLARYNGOLOGY | 3 | 558 | $34,005 | $61 | premium | 3.6% | 516678030318 |
| 8 | AANDA HEARING GROUP LLC | GAITHERSBURG | MD | QUALIFIED AUDIOLOGIST | 22 | 528 | $44,880 | $85 | premium | 40.3% | (301) 977-6317 |
| 9 | EAR, NOSE AND THROAT CENTER OF NJ | NUTLEY | NJ | OTOLARYNGOLOGY | 2 | 516 | $179,825 | $348 | premium | 15.9% | (973) 773-9250 |
| 10 | FLETCHER HOSPITAL INC | HENDERSONVILLE | NC | PHYSICIAN ASSISTANT | 290 | 496 | $26,784 | $54 | premium | 61.8% | — |
| 11 | NORTH SHORE-LIJ MEDICAL PC | MANHASSET | NY | PHYSICIAN ASSISTANT | 6294 | 494 | $157,092 | $318 | premium | 3.2% | — |
| 12 | GEOFFREY TRENKLE DO A PROFESSIONAL MEDICAL CORPORATION | LOS ANGELES | CA | OTOLARYNGOLOGY | 18 | 488 | $14,780 | $30 | premium | 28.6% | (323) 268-6731 |
| 13 | CHS PHYSICIAN PARTNERS PC | ROSLYN | NY | PHYSICIAN ASSISTANT | 734 | 465 | $36,173 | $78 | premium | 3.0% | — |
| 14 | NICHOLAS R HALPER MD PC | ROCKVILLE CENTRE | NY | FAMILY PRACTICE | 7 | 428 | $53,500 | $125 | premium | 2.8% | (516) 536-2221 |
| 15 | AMERICANS FOR BETTER HEARING FOUNDATION | CHICAGO | IL | QUALIFIED AUDIOLOGIST | 6 | 412 | $9,834 | $24 | premium | 85.3% | (312) 842-5000 |
| 16 | WEST SCHARF CONTE BASTIANELLI PA | ROSELLE PARK | NJ | OTOLARYNGOLOGY | 4 | 394 | $59,100 | $150 | premium | 12.2% | (908) 241-0200 |
| 17 | NORTH FLORIDA SURGEONS PA | JACKSONVILLE | FL | PHYSICIAN ASSISTANT | 331 | 367 | $31,195 | $85 | premium | 29.5% | (904) 396-1725 |
| 18 | ENT AND ALLERGY ASSOCIATES OF FLORIDA, LLC | BOCA RATON | FL | OTOLARYNGOLOGY | 231 | 326 | $31,948 | $98 | premium | 26.2% | (561) 391-3333 |
| 19 | ADVANCED CARE AUDIOLOGY PC | STATEN ISLAND | NY | QUALIFIED AUDIOLOGIST | 2 | 287 | $57,400 | $200 | premium | 1.9% | (718) 980-7700 |
| 20 | PIH HEALTH PHYSICIANS | WHITTIER | CA | INTERNAL MEDICINE | 606 | 277 | $22,513 | $81 | premium | 16.2% | (562) 698-0811 |
| 21 | CEDARS-SINAI MEDICAL CARE FOUNDATION | LOS ANGELES | CA | PHYSICIAN ASSISTANT | 1699 | 260 | $26,100 | $100 | premium | 15.2% | (310) 423-0674 |
| 22 | ARTHUR H. KATZ, M.D., S.C. | MUNSTER | IN | NURSE PRACTITIONER | 3 | 242 | $44,770 | $185 | premium | 72.2% | (219) 934-9396 |
| 23 | CLEAR CHOICE HEARING SOLUTIONS INC | ROCHESTER | NY | QUALIFIED AUDIOLOGIST | 3 | 240 | $12,000 | $50 | premium | 1.6% | (585) 723-3440 |
| 24 | SHOALS PRIMARY CARE, LLC | SHEFFIELD | AL | NURSE PRACTITIONER | 43 | 228 | $15,732 | $69 | premium | 56.2% | (256) 383-4473 |
| 25 | HAMPTON ROADS OTOLARYNGOLOGY ASSOCIATES PLLC | HAMPTON | VA | PHYSICIAN ASSISTANT | 23 | 224 | $9,394 | $42 | premium | 55.4% | (757) 825-2500 |
| 26 | UNIVERSITY PRIMARY CARE PRACTICES INC | CONNEAUT | OH | FAMILY PRACTICE | 1067 | 223 | $24,530 | $110 | premium | 38.6% | — |
| 27 | PINNACLE PHYSICIANS GROUP LLC | TREVOSE | PA | PHYSICIAN ASSISTANT | 31 | 222 | $19,980 | $90 | premium | 16.5% | (215) 464-4111 |
| 28 | FPIM OF NEW HAVEN COUNTY,LLC | EAST HAVEN | CT | PHYSICIAN ASSISTANT | 6 | 202 | $23,230 | $115 | premium | 36.0% | (203) 466-5070 |
| 29 | ENT OF OKLAHOMA PLLC | LAWTON | OK | OTOLARYNGOLOGY | 5 | 201 | $9,471 | $47 | premium | 45.2% | (580) 531-0022 |
| 30 | NJ EYE AND EAR, LLC | CLIFTON | NJ | OPHTHALMOLOGY | 32 | 199 | $9,950 | $50 | premium | 6.1% | (973) 546-5700 |
| 31 | RENAISSANCE MEDICAL FOUNDATION | EDINBURG | TX | DIAGNOSTIC RADIOLOGY | 174 | 197 | $27,874 | $141 | premium | 14.4% | — |
| 32 | ADVANCED EAR NOSE AND THROAT ASSOCIATES PC | ATLANTA | GA | OTOLARYNGOLOGY | 7 | 196 | $17,640 | $90 | premium | 66.4% | (404) 943-0090 |
| 33 | JOHN WEIGAND AUDIOLOGY PC | BROOKLYN | NY | QUALIFIED AUDIOLOGIST | 5 | 185 | $18,175 | $98 | premium | 1.2% | (718) 833-5867 |
| 34 | CLARITY ENT LLC | SPRING HOUSE | PA | OTOLARYNGOLOGY | 4 | 181 | $6,019 | $33 | premium | 13.4% | (267) 865-0005 |
| 35 | LONG ISLAND QUEENS HEARING ASSO INC | BROOKLYN | NY | QUALIFIED AUDIOLOGIST | 2 | 173 | $10,380 | $60 | premium | 1.1% | 85542337001 |
| 36 | UNIVERSITY PRIMARY CARE PRACTICES INC | CONNEAUT | FL | FAMILY PRACTICE | 1067 | 172 | $18,920 | $110 | premium | 13.8% | — |
| 37 | CHAMPION PHYSICAL THERAPY LLC HALLS | KNOXVILLE | TN | ORTHOPEDIC SURGERY | 277 | 172 | $12,900 | $75 | premium | 59.7% | (865) 377-3176 |
| 38 | LEGACY AUDIOLOGY INC | SANTA BARBARA | CA | QUALIFIED AUDIOLOGIST | 2 | 170 | $14,450 | $85 | premium | 10.0% | (805) 696-6811 |
| 39 | SOUTH BAY MEDICAL CARE P.C. | CENTER MORICHES | NY | FAMILY PRACTICE | 2 | 163 | $20,375 | $125 | premium | 1.1% | (631) 878-7134 |
| 40 | LINDA L DAVISON | BARNESVILLE | OH | QUALIFIED AUDIOLOGIST | 4 | 154 | $6,930 | $45 | premium | 26.7% | (740) 695-1058 |
| 41 | THAMES HEARING SERVICE INC | EAST LYME | CT | QUALIFIED AUDIOLOGIST | 2 | 153 | $19,025 | $124 | premium | 27.3% | (860) 739-1864 |
| 42 | PINNACLE HEARING LLC | LITTLE ROCK | AR | QUALIFIED AUDIOLOGIST | 3 | 149 | $15,645 | $105 | premium | 100.0% | (501) 225-6060 |
| 43 | FEIGI TAUB HALBERSTAM AUDIOLOGY AND SPEECH PATHOLOGY PC | BROOKLYN | NY | QUALIFIED AUDIOLOGIST | 2 | 143 | $17,160 | $120 | premium | 0.9% | (718) 998-1415 |
| 44 | PRIVIA CARE CENTER LLC | FREDERICK | MD | NURSE PRACTITIONER | 282 | 142 | $8,804 | $62 | premium | 10.8% | (240) 215-1138 |
| 45 | MEDICAL OFFICE OF MANHATTAN PLLC | NEW YORK | NY | INTERNAL MEDICINE | 34 | 139 | $20,850 | $150 | premium | 0.9% | (646) 809-1755 |
| 46 | PINNACLE ENT ALLIANCE LLC | HAVERTOWN | PA | QUALIFIED AUDIOLOGIST | 67 | 135 | $18,495 | $137 | premium | 10.0% | 6104466900230 |
| 47 | TAYLOR LISTENING CENTER LLC | OWINGS MILLS | MD | QUALIFIED AUDIOLOGIST | 3 | 128 | $5,120 | $40 | premium | 9.8% | (443) 544-7555 |
| 48 | GACEK EAR AND SINUS CENTER LLC | MOBILE | AL | NURSE PRACTITIONER | 2 | 121 | $7,018 | $58 | premium | 29.8% | (251) 340-7970 |
| 49 | ADVOCARE, LLC | HADDONFIELD | NJ | NURSE PRACTITIONER | 384 | 120 | $22,410 | $187 | premium | 3.7% | (856) 354-2211 |
| 50 | CAREMED PRIMARY AND URGENT CARE PC | PATCHOGUE | NY | NURSE PRACTITIONER | 21 | 119 | $14,875 | $125 | premium | 0.8% | (631) 475-3900 |
| 51 | EAR,NOSE AND THROAT SPECIALISTS,PC | VINELAND | PA | OTOLARYNGOLOGY | 2 | 118 | $7,080 | $60 | premium | 8.8% | (856) 696-5510 |
| 52 | CLARK HUANG MD PC | NEW YORK | NY | QUALIFIED AUDIOLOGIST | 3 | 116 | $29,000 | $250 | premium | 0.8% | (212) 308-7333 |
| 53 | MILLIANO AUDIOLOGY LLC | PADUCAH | KY | QUALIFIED AUDIOLOGIST | 3 | 111 | $8,880 | $80 | premium | 59.4% | (270) 554-6000 |
| 54 | MEMORIAL NW OTOLARYNGOLOGY HEAD AND NECK SURGERY ASSOCIATES | HOUSTON | TX | OTOLARYNGOLOGY | 2 | 106 | $3,966 | $37 | premium | 7.8% | (281) 822-3777 |
| 55 | CENTURY MEDICAL AND DENTAL CENTER INC | BROOKLYN | NY | PHYSICIAN ASSISTANT | 104 | 103 | $5,648 | $55 | premium | 0.7% | (718) 650-2233 |
| 56 | EAR, NOSE AND THROAT SPECIALISTS OF TULSA, LLP | TULSA | OK | OTOLARYNGOLOGY | 7 | 102 | $4,692 | $46 | premium | 22.9% | (918) 388-9090 |
| 57 | ENT SPECIALISTS, INC | BROCKTON | MA | OTOLARYNGOLOGY | 19 | 102 | $11,220 | $110 | premium | 25.2% | (508) 588-8034 |
| 58 | NEW YORK UNIVERSITY | NEW YORK | NY | DIAGNOSTIC RADIOLOGY | 5704 | 99 | $35,640 | $360 | premium | 0.6% | (212) 263-9700 |
| 59 | AGAPE PHYSICAL THERAPY AND SPORTS REHABILITATION LP | FOREST HILL | MD | ORTHOPEDIC SURGERY | 675 | 96 | $5,760 | $60 | premium | 7.3% | — |
| 60 | HEARSMART AUDIOLOGY, LLC | LITTLETON | MA | QUALIFIED AUDIOLOGIST | 3 | 95 | $9,519 | $100 | premium | 23.5% | (978) 952-2500 |
| 61 | UNITED CEREBRAL PALSY OF NEW YORK CITY, INC. | BROOKLYN | NY | NURSE PRACTITIONER | 10 | 84 | $15,521 | $185 | premium | 0.5% | (718) 436-7600 |
| 62 | PROFESSIONAL AUDIOLOGICAL SERVICES, INC. | MEMPHIS | TN | QUALIFIED AUDIOLOGIST | 2 | 76 | $9,500 | $125 | premium | 26.4% | (901) 372-0040 |
| 63 | DIXIE HEARING AND BALANCE CENTER | ST GEORGE | UT | QUALIFIED AUDIOLOGIST | 4 | 75 | $6,375 | $85 | premium | 50.3% | (435) 688-8991 |
| 64 | ISLAND PRIMARY MEDICAL CARE ASSOCIATES PC | MASSAPEQUA | NY | INTERNAL MEDICINE | 5 | 75 | $2,591 | $35 | premium | 0.5% | (516) 798-1116 |
| 65 | OSUP COMMUNITY OUTREACH LLC | WESTERVILLE | OH | NURSE PRACTITIONER | 136 | 74 | $8,510 | $115 | premium | 12.8% | (614) 293-4969 |
| 66 | OPREX MEDICAL GROUP PLLC | HOUSTON | TX | OTOLARYNGOLOGY | 4 | 74 | $4,958 | $67 | premium | 5.4% | 2819205558306 |
| 67 | EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATION | NORFOLK | VA | OBSTETRICS/GYNECOLOGY | 224 | 72 | $10,800 | $150 | premium | 17.8% | (757) 446-7900 |
| 68 | HEARD IT THROUGH THE GRAPEVINE AUDIOLOGY, PC | GRAPEVINE | TX | QUALIFIED AUDIOLOGIST | 3 | 71 | $4,970 | $70 | premium | 5.2% | (817) 488-1637 |
| 69 | BAYVIEW PHYSICIAN SERVICES PC | CHESAPEAKE | VA | PHYSICIAN ASSISTANT | 322 | 69 | $6,210 | $90 | premium | 17.1% | (757) 410-4488 |
| 70 | STRONGER DAY REHABILIATION AND MANAGEMENT COMPANY | INDIANA | PA | QUALIFIED AUDIOLOGIST | 4 | 66 | $4,620 | $70 | premium | 4.9% | (724) 349-5070 |
| 71 | MICHAEL V RIESBERG MD OTOLARYNGOLOGY AND PERFORMING ARTS MEDICINE | PENSACOLA | FL | NURSE PRACTITIONER | 3 | 66 | $3,330 | $50 | premium | 5.3% | (850) 476-0700 |
| 72 | MEDICAL CENTER EAR, NOSE AND THROAT ASSOCIATES OF HOUSTON, PLLC | HOUSTON | TX | OTOLARYNGOLOGY | 6 | 64 | $8,320 | $130 | premium | 4.7% | (713) 795-0111 |
| 73 | UNIVERSAL FAMILY MEDICAL CARE, PC | BAY SHORE | NY | FAMILY PRACTICE | 3 | 64 | $1,615 | $25 | premium | 0.4% | (631) 206-2901 |
| 74 | LONG ISLAND AUDIOLOGY, P.C. | GREAT NECK | NY | QUALIFIED AUDIOLOGIST | 2 | 63 | $6,275 | $100 | premium | 0.4% | (516) 482-0660 |
| 75 | PREMIER HEALTHCARE INC | NEW YORK | NY | NURSE PRACTITIONER | 58 | 60 | $5,760 | $96 | premium | 0.4% | (212) 273-6521 |
| 76 | KATHERINE J ATKINSON MD PC | AMHERST | MA | NURSE PRACTITIONER | 9 | 58 | $3,016 | $52 | premium | 14.3% | (413) 549-8400 |
| 77 | SUMAIYAH MEDICAL PC | HUNTINGTON STATION | NY | NURSE PRACTITIONER | 4 | 57 | $2,044 | $36 | premium | 0.4% | (631) 271-3075 |
| 78 | ENT ASSOCIATES OF ALABAMA PA | MONTGOMERY | AL | OTOLARYNGOLOGY | 3 | 57 | $3,112 | $55 | premium | 14.0% | — |
| 79 | MEDICAL OFFICE FORCE | ATHENS | TX | INTERNAL MEDICINE | 55 | 56 | $8,120 | $145 | premium | 4.1% | (706) 208-9700 |
| 80 | TEXAS EAR, NOSE AND THROAT SPECIALISTS, PLLC | HOUSTON | TX | OTOLARYNGOLOGY | 122 | 56 | $3,182 | $57 | premium | 4.1% | (281) 492-7827 |
| 81 | TRIANGLE HEARING SERVICES PA | CARY | NC | QUALIFIED AUDIOLOGIST | 2 | 54 | $6,264 | $116 | premium | 6.7% | (919) 636-3006 |
| 82 | CENTRAL COAST AUDIOLOGY INCORPORATED | MONTEREY | CA | QUALIFIED AUDIOLOGIST | 3 | 54 | $1,226 | $23 | premium | 3.2% | (831) 643-1600 |
| 83 | BRAIN AND SPINE SURGEONS OF NEW YORK PC | WHITE PLAINS | NY | OTOLARYNGOLOGY | 21 | 51 | $9,100 | $178 | premium | 0.3% | (914) 948-8448 |
| 84 | ENT SURGICAL ASSOCIATES OF CENTRAL GA, PC | WARNER ROBINS | GA | OTOLARYNGOLOGY | 2 | 49 | $7,350 | $150 | premium | 16.6% | (478) 923-0106 |
| 85 | NASSAU HEALTH CARE CORPORATION | EAST MEADOW | NY | INTERNAL MEDICINE | 180 | 49 | $3,908 | $80 | premium | 0.3% | (516) 486-6862 |
| 86 | AFFILIATED AUDIOLOGY CONSULTANTS, INC. | PHOENIX | AZ | QUALIFIED AUDIOLOGIST | 3 | 47 | $4,230 | $90 | premium | 20.2% | (602) 254-6041 |
| 87 | ADVANCED SPECIALTY CARE, P.C. | DANBURY | CT | PHYSICIAN ASSISTANT | 24 | 47 | $5,875 | $125 | premium | 8.4% | (203) 830-4700 |
| 88 | SOUTH LOUISIANA ENT, FACIAL PLASTIC AND HAIR RESTORATION, APMC | MANDEVILLE | LA | OTOLARYNGOLOGY | 12 | 46 | $2,790 | $61 | premium | 45.5% | (985) 327-5905 |
| 89 | LAKE GIRL INC | HOUSE SPRINGS | MO | FAMILY PRACTICE | 2 | 44 | $1,980 | $45 | premium | 100.0% | (636) 671-9980 |
| 90 | OGDEN AUDIOLOGY SERVICES LLC | OGDEN | UT | QUALIFIED AUDIOLOGIST | 8 | 44 | $4,299 | $98 | premium | 29.5% | (801) 479-3346 |
| 91 | LONG ISLAND SELECT HEALTHCARE, INC | CENTRAL ISLIP | NY | NURSE PRACTITIONER | 27 | 43 | $1,368 | $32 | premium | 0.3% | (631) 650-2510 |
| 92 | FATIMA PEDIATRIC MEDICAL CARE PC | ASTORIA | NY | PHYSICIAN ASSISTANT | 4 | 43 | $2,150 | $50 | premium | 0.3% | (718) 777-6695 |
| 93 | HEARSAY ENT DOCS LLC | LAWRENCEVILLE | PA | OTOLARYNGOLOGY | 7 | 37 | $2,405 | $65 | premium | 2.7% | (609) 844-9661 |
| 94 | TRAUMA AND EMERGENCY SUBSPECIALTY SURGEONS PLLC | LONE TREE | CO | UROLOGY | 27 | 37 | $3,700 | $100 | premium | 71.2% | (720) 225-1000 |
| 95 | HEAR NORTHWEST PLLC | ISSAQUAH | WA | QUALIFIED AUDIOLOGIST | 6 | 36 | $3,060 | $85 | premium | 59.0% | (425) 391-3343 |
| 96 | SUMMIT MEDICAL GROUP PA | BERKELEY HEIGHTS | NJ | PHYSICIAN ASSISTANT | 1183 | 36 | $2,592 | $72 | premium | 1.1% | (908) 273-4300 |
| 97 | FLORIDA ENT ASSOCIATES INC | MIAMI | FL | OTOLARYNGOLOGY | 161 | 36 | $1,800 | $50 | premium | 2.9% | (305) 595-6200 |
| 98 | SPEECH AND HEARING ASSOCIATES LLC | WESTFIELD | NJ | QUALIFIED AUDIOLOGIST | 10 | 33 | $2,640 | $80 | premium | 1.0% | (908) 232-2903 |
| 99 | ALL EARS LISTENING AND LANGUAGE CENTER | THE WOODLANDS | TX | QUALIFIED AUDIOLOGIST | 3 | 29 | $1,710 | $59 | premium | 2.1% | (936) 251-3021 |
| 100 | PACIFIC HEARING AND BALANCE., INC | LOS ANGELES | CA | QUALIFIED AUDIOLOGIST | 6 | 28 | $2,800 | $100 | premium | 1.6% | (310) 477-5558 |
Showing the top 100 of 136 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 →