99442 — Telephone medical discussion with physician, 11-20 minutes
549,894 observed fee-for-service (50%) · ~555,088 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; 1 state without payer-mix data excluded. 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 exact payer split, and this market total scaled to all of Medicare, labeled as an estimate.
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 | City | St | Specialty | Providers | 99442 svcs | Submitted charges | Avg charge | Medicare $ locked column | Share* | Phone |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MILL BASIN MEDICAL HEALTH PC | BROOKLYN | NY | PHYSICIAN ASSISTANT | 101 | 16,779 | $3,075,812 | $183 | premium | 8.7% | (646) 296-1508 |
| 2 | NORTHWESTERN MEDICAL FACULTY FOUNDATION | CHICAGO | IL | NURSE PRACTITIONER | 4339 | 6,462 | $1,129,582 | $175 | premium | 15.9% | — |
| 3 | PROVIDENCE MEDICAL FOUNDATION | FULLERTON | CA | PHYSICIAN ASSISTANT | 1455 | 5,373 | $1,536,833 | $286 | premium | 2.5% | (714) 871-3006 |
| 4 | PHYSICIANS REFERRAL SERVICE | HOUSTON | TX | NURSE PRACTITIONER | 2696 | 4,265 | $756,834 | $177 | premium | 9.5% | (713) 592-5433 |
| 5 | NORTH SHORE-LIJ MEDICAL PC | MANHASSET | NY | PHYSICIAN ASSISTANT | 6294 | 4,185 | $1,780,416 | $425 | premium | 2.2% | — |
| 6 | BAYSTATE MEDICAL PRACTICES INC | SPRINGFIELD | MA | PHYSICIAN ASSISTANT | 1326 | 3,418 | $598,739 | $175 | premium | 8.3% | — |
| 7 | CITY OF HOPE MEDICAL FOUNDATION | DUARTE | CA | NURSE PRACTITIONER | 942 | 3,301 | $856,429 | $259 | premium | 1.5% | (626) 256-4673 |
| 8 | CEDARS-SINAI MEDICAL CARE FOUNDATION | LOS ANGELES | CA | PHYSICIAN ASSISTANT | 1699 | 3,160 | $1,056,067 | $334 | premium | 1.5% | (310) 423-0674 |
| 9 | SHORE MEDICINE LLC | LAKEWOOD | NJ | INTERNAL MEDICINE | 2 | 3,072 | $368,640 | $120 | premium | 7.5% | (732) 730-0020 |
| 10 | THE CENTER FOR PAIN OF MONTGOMERY LLC | MONTGOMERY | AL | NURSE PRACTITIONER | 50 | 2,937 | $1,233,540 | $420 | premium | 30.0% | (334) 288-7808 |
| 11 | MILL BASIN MEDICAL HEALTH PC | BROOKLYN | DC | PHYSICIAN ASSISTANT | 101 | 2,789 | $544,314 | $195 | premium | 61.9% | (646) 296-1508 |
| 12 | ADVENTIST HEALTH PHYSICIANS NETWORK | HANFORD | CA | NURSE PRACTITIONER | 651 | 2,681 | $522,798 | $195 | premium | 1.3% | (559) 583-4695 |
| 13 | CHS PHYSICIAN PARTNERS PC | ROSLYN | NY | PHYSICIAN ASSISTANT | 734 | 2,524 | $754,820 | $299 | premium | 1.3% | — |
| 14 | ENDEAVOR HEALTH MEDICAL GROUP | EVANSTON | IL | NURSE PRACTITIONER | 3380 | 2,495 | $480,798 | $193 | premium | 6.1% | — |
| 15 | COMPREHENSIVE COMMUNITY HEALTH CENTERS INC | LOS ANGELES | CA | PHYSICIAN ASSISTANT | 48 | 2,406 | $216,540 | $90 | premium | 1.1% | (323) 256-4116 |
| 16 | RACC MEDICAL ASSOCIATES LLC | FORT WAYNE | IN | PHYSICIAN ASSISTANT | 22 | 2,394 | $409,374 | $171 | premium | 23.7% | (260) 748-3650 |
| 17 | MILL BASIN MEDICAL HEALTH PC | BROOKLYN | NJ | PHYSICIAN ASSISTANT | 101 | 2,374 | $462,960 | $195 | premium | 5.8% | (646) 296-1508 |
| 18 | MILLENNIUM PHYSICIAN GROUP LLC | PORT CHARLOTTE | FL | PHYSICIAN ASSISTANT | 953 | 2,291 | $308,990 | $135 | premium | 4.0% | (941) 255-3535 |
| 19 | BERKSHIRE FACULTY SERVICES INC | PITTSFIELD | MA | PHYSICIAN ASSISTANT | 276 | 2,269 | $265,473 | $117 | premium | 5.5% | (413) 447-2695 |
| 20 | HOUSE CALL MEDICAL SERVICES OF NEW YORK, PLLC | BRONX | NY | NURSE PRACTITIONER | 163 | 2,241 | $308,220 | $138 | premium | 1.2% | (718) 618-0401 |
| 21 | INTERBOROUGH DEVELOPMENTAL AND CONSULTATION CENTER INC | BROOKLYN | NY | CLINICAL SOCIAL WORKER | 140 | 2,216 | $462,180 | $209 | premium | 1.2% | 9292737601426 |
| 22 | LEHIGH VALLEY PHYSICIAN GROUP | ALLENTOWN | PA | PHYSICIAN ASSISTANT | 2389 | 2,195 | $390,784 | $178 | premium | 7.9% | — |
| 23 | VISITING SERVICES, LLC | SPRING VALLEY | NY | NURSE PRACTITIONER | 32 | 2,192 | $322,897 | $147 | premium | 1.1% | (845) 374-0410 |
| 24 | HEALTHCARE PARTNERS AFFILIATES MEDICAL GROUP | CARSON | CA | INTERNAL MEDICINE | 771 | 2,075 | $531,252 | $256 | premium | 1.0% | (310) 830-9706 |
| 25 | VIRGINIA ONCOLOGY ASSOCIATES | NORFOLK | VA | PHYSICIAN ASSISTANT | 123 | 2,066 | $347,088 | $168 | premium | 12.5% | — |
| 26 | ALLINA HEALTH SYSTEM | MINNEAPOLIS | MN | PHYSICIAN ASSISTANT | 3855 | 2,016 | $441,854 | $219 | premium | 22.3% | (612) 863-4000 |
| 27 | INTEGRATED PAIN MANAGEMENT MEDICAL GROUP INC | WALNUT CREEK | CA | PHYSICAL MEDICINE AND REHABILITATION | 40 | 1,974 | $899,180 | $456 | premium | 0.9% | (925) 482-8151 |
| 28 | EPIC CARE | PLEASANT HILL | CA | HEMATOLOGY/ONCOLOGY | 54 | 1,882 | $579,771 | $308 | premium | 0.9% | (925) 687-2570 |
| 29 | MATTHEW A BERGER MD PC | MOOSIC | PA | PHYSICIAN ASSISTANT | 52 | 1,836 | $275,400 | $150 | premium | 6.6% | (570) 346-3686 |
| 30 | PRITI BHARDWAJ MD PC | TAYLOR | MI | NURSE PRACTITIONER | 5 | 1,802 | $225,250 | $125 | premium | 6.2% | (313) 299-7243 |
| 31 | ABKSW PREFERRED HEALTH PARTNERS, PLLC | DALLAS | TX | INTERNAL MEDICINE | 48 | 1,762 | $264,300 | $150 | premium | 3.9% | (241) 823-4800 |
| 32 | DUPAGE MEDICAL GROUP LTD | GLEN ELLYN | IL | PHYSICIAN ASSISTANT | 1323 | 1,758 | $314,682 | $179 | premium | 4.3% | (630) 469-9200 |
| 33 | MAYO CLINIC | ROCHESTER | MN | NURSE PRACTITIONER | 4896 | 1,731 | $268,845 | $155 | premium | 19.2% | (507) 284-2511 |
| 34 | THE REGENTS OF THE UNIVERSITY OF CALIFORNIA | LOS ANGELES | CA | INTERNAL MEDICINE | 1424 | 1,660 | $796,863 | $480 | premium | 0.8% | (310) 825-7922 |
| 35 | EISENHOWER MEDICAL CENTER | RANCHO MIRAGE | CA | NURSE PRACTITIONER | 457 | 1,637 | $248,880 | $152 | premium | 0.8% | (760) 340-3911 |
| 36 | FRANCISCAN MEDICAL GROUP | TACOMA | WA | PHYSICIAN ASSISTANT | 1407 | 1,593 | $414,530 | $260 | premium | 14.4% | (253) 428-2200 |
| 37 | NEW ENGLAND CENTER FOR PSYCHIATRIC AND ADDICTION DISORDERS LLC | ATTLEBORO | MA | NURSE PRACTITIONER | 6 | 1,562 | $148,286 | $95 | premium | 3.8% | (508) 222-0089 |
| 38 | CLEVELAND CLINIC | CLEVELAND | OH | PHYSICIAN ASSISTANT | 6828 | 1,529 | $613,188 | $401 | premium | 10.2% | — |
| 39 | RONALD C FAGAN MD PC | FARMINGDALE | NY | INTERNAL MEDICINE | 4 | 1,489 | $184,726 | $124 | premium | 0.8% | (516) 752-7000 |
| 40 | SOUNDVIEW MEDICAL GROUP PLLC | GREAT NECK | NY | INTERNAL MEDICINE | 2 | 1,480 | $257,678 | $174 | premium | 0.8% | (516) 439-5223 |
| 41 | HEALTHTEXAS PROVIDER NETWORK | DALLAS | TX | PHYSICIAN ASSISTANT | 2482 | 1,478 | $311,807 | $211 | premium | 3.3% | — |
| 42 | SEQUOIA INTEGRATIVE MEDICAL SERVICES LLC | GREEN BAY | WI | NURSE PRACTITIONER | 15 | 1,453 | $217,950 | $150 | premium | 22.1% | (920) 328-1220 |
| 43 | UNIVERSAL PAIN MANAGEMENT MEDICAL CORPORATION | PALMDALE | CA | ANESTHESIOLOGY | 11 | 1,430 | $521,327 | $365 | premium | 0.7% | (661) 267-6876 |
| 44 | RWJBH PRIMARY CARE SERVICES | WARREN | NJ | INTERNAL MEDICINE | 264 | 1,396 | $536,510 | $384 | premium | 3.4% | — |
| 45 | RUSH UNIVERSITY MEDICAL GROUP | CHICAGO | IL | PHYSICIAN ASSISTANT | 1496 | 1,393 | $204,771 | $147 | premium | 3.4% | (312) 563-2875 |
| 46 | INPATIENT CONSULTANTS OF FLORIDA, INC | OCALA | FL | INTERNAL MEDICINE | 169 | 1,360 | $204,000 | $150 | premium | 2.4% | (352) 291-3000 |
| 47 | HOAG CLINIC | NEWPORT BEACH | CA | PHYSICIAN ASSISTANT | 436 | 1,340 | $329,852 | $246 | premium | 0.6% | (949) 791-3370 |
| 48 | STOCKTON CARDIOLOGY MEDICAL GROUP COMPLETE HEART CARE INC | STOCKTON | CA | CARDIOVASCULAR DISEASE (CARDIOLOGY) | 14 | 1,319 | $163,460 | $124 | premium | 0.6% | — |
| 49 | CARDIOVASCULAR MEDICAL GROUP OF SOUTHERN CALIFORNIA | BEVERLY HILLS | CA | CARDIOVASCULAR DISEASE (CARDIOLOGY) | 11 | 1,309 | $268,345 | $205 | premium | 0.6% | (310) 278-3400 |
| 50 | PRAIRIESHORE PAIN CENTER PC. | LINCOLNSHIRE | IL | ANESTHESIOLOGY | 4 | 1,302 | $359,339 | $276 | premium | 3.2% | (847) 883-0077 |
| 51 | BRYAN X LEE MD A PROFESSIONAL MEDICAL CORPORATION | POMONA | CA | INTERVENTIONAL PAIN MANAGEMENT | 2 | 1,293 | $245,670 | $190 | premium | 0.6% | (909) 865-9500 |
| 52 | ADVANCED CENTER FOR PSYCHOTHERAPY INC | FOREST HILLS | NY | CLINICAL SOCIAL WORKER | 16 | 1,286 | $358,794 | $279 | premium | 0.7% | 7182613330221 |
| 53 | BRIGHAM AND WOMENS PHYSICIANS ORGANIZATION INC | BOSTON | MA | PHYSICIAN ASSISTANT | 2942 | 1,278 | $413,359 | $323 | premium | 3.1% | (617) 732-5500 |
| 54 | REGENTS OF THE UNIVERSITY OF | ORANGE | CA | ANESTHESIOLOGY | 227 | 1,253 | $367,256 | $293 | premium | 0.6% | (714) 456-7004 |
| 55 | FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP | BRADENTON | FL | GASTROENTEROLOGY | 86 | 1,233 | $223,173 | $181 | premium | 2.1% | (941) 794-1980 |
| 56 | CENTRIC HEALTH | BAKERSFIELD | CA | INTERNAL MEDICINE | 63 | 1,216 | $182,325 | $150 | premium | 0.6% | — |
| 57 | NEW YORK UNIVERSITY | NEW YORK | NY | DIAGNOSTIC RADIOLOGY | 5704 | 1,202 | $306,897 | $255 | premium | 0.6% | (212) 263-9700 |
| 58 | SUTTER BAY MEDICAL FOUNDATION | PALO ALTO | CA | INTERNAL MEDICINE | 3716 | 1,191 | $136,447 | $115 | premium | 0.6% | (415) 600-1020 |
| 59 | USC CARE MEDICAL GROUP INC | LOS ANGELES | CA | DIAGNOSTIC RADIOLOGY | 1374 | 1,185 | $321,922 | $272 | premium | 0.6% | (800) 872-2273 |
| 60 | LOS ANGELES COUNTY DEPARTMENT OF MENTAL HEALTH | LOS ANGELES | CA | CLINICAL SOCIAL WORKER | 291 | 1,181 | $468,125 | $396 | premium | 0.6% | (323) 298-3680 |
| 61 | UNIVERSITY OF WISCONSIN MEDICAL FOUNDATION INC | MADISON | WI | PHYSICIAN ASSISTANT | 2523 | 1,179 | $235,800 | $200 | premium | 17.9% | (608) 287-2050 |
| 62 | BAYHEALTH MEDICAL CENTER, INC | DOVER | DE | NURSE PRACTITIONER | 394 | 1,171 | $227,477 | $194 | premium | 27.3% | (302) 744-4700 |
| 63 | CORE REHAB LLC | PARK CITY | KS | FAMILY PRACTICE | 2 | 1,168 | $146,000 | $125 | premium | 23.0% | (316) 854-3200 |
| 64 | JAMAICA PSYCHIATRIC SERVICES, PC | JAMAICA | NY | PSYCHIATRY | 34 | 1,166 | $233,200 | $200 | premium | 0.6% | (718) 206-7160 |
| 65 | UMASS MEMORIAL MEDICAL GROUP INC | WORCESTER | MA | PHYSICIAN ASSISTANT | 2483 | 1,139 | $342,537 | $301 | premium | 2.8% | (508) 334-1000 |
| 66 | NEW HORIZON COUNSELING CENTER INC | SOUTH OZONE PARK | NY | CLINICAL SOCIAL WORKER | 85 | 1,120 | $168,000 | $150 | premium | 0.6% | (718) 845-2620 |
| 67 | COMMUNITY FOUNDATION MEDICAL GROUP | FRESNO | CA | PHYSICIAN ASSISTANT | 292 | 1,117 | $318,880 | $285 | premium | 0.5% | — |
| 68 | PSYCHIATRIC ASSOCIATES OF LYNN PC | LYNN | MA | CERTIFIED CLINICAL NURSE SPECIALIST (CNS) | 6 | 1,109 | $110,900 | $100 | premium | 2.7% | (781) 268-2200 |
| 69 | COUNTY OF LOS ANGELES | LOS ANGELES | CA | NURSE PRACTITIONER | 383 | 1,109 | $695,193 | $627 | premium | 0.5% | (213) 699-7013 |
| 70 | GENESIS HEALTHCARE PARTNERS PC | TORRANCE | CA | GASTROENTEROLOGY | 211 | 1,089 | $479,204 | $440 | premium | 0.5% | (310) 534-8400 |
| 71 | DIGNITY HEALTH MEDICAL FOUNDATION | FOLSOM | CA | DIAGNOSTIC RADIOLOGY | 1197 | 1,086 | $250,162 | $230 | premium | 0.5% | (916) 983-7476 |
| 72 | MENLO PARK MEDICAL GROUP P.A. | EDISON | NJ | INTERNAL MEDICINE | 2 | 1,084 | $216,800 | $200 | premium | 2.6% | (732) 549-2299 |
| 73 | SONORA COMMUNITY HOSPITAL | SONORA | CA | PHYSICIAN ASSISTANT | 139 | 1,079 | $144,460 | $134 | premium | 0.5% | — |
| 74 | HARVARD EYE ASSOCIATES FKA ROGER OHANESIAN MD AND EDWARD KIM MD INC | SAN CLEMENTE | CA | OPHTHALMOLOGY | 20 | 1,062 | $276,753 | $261 | premium | 0.5% | (949) 951-2020 |
| 75 | UROPARTNERS LLC | WESTCHESTER | IL | UROLOGY | 130 | 1,057 | $187,174 | $177 | premium | 2.6% | (708) 486-0076 |
| 76 | ASSOCIATED MEDICAL PROFESSIONALS OF NY PLLC | SYRACUSE | NY | UROLOGY | 60 | 1,051 | $192,333 | $183 | premium | 0.5% | (315) 478-4185 |
| 77 | ANDREW W MERRITT MD INC | LAGUNA HILLS | CA | PHYSICAL MEDICINE AND REHABILITATION | 2 | 1,050 | $232,636 | $222 | premium | 0.5% | (949) 900-1300 |
| 78 | AKRAM R. ABRAHAM, M.D.PC | HOLLIS | OK | NURSE PRACTITIONER | 4 | 1,041 | $119,550 | $115 | premium | 20.1% | (580) 688-2200 |
| 79 | CENTRAL WASHINGTON HEALTH SERVICES ASSOCIATION | WENATCHEE | WA | PHYSICIAN ASSISTANT | 700 | 1,040 | $176,800 | $170 | premium | 9.4% | (509) 665-6087 |
| 80 | DALLAS COUNTY HOSPITAL DISTRICT | DALLAS | TX | NURSE PRACTITIONER | 568 | 1,039 | $245,166 | $236 | premium | 2.3% | (214) 590-8006 |
| 81 | WEST COAST WOUND AND SKIN CARE INC | LYNWOOD | CA | FAMILY PRACTICE | 31 | 1,022 | $306,263 | $300 | premium | 0.5% | (818) 856-9535 |
| 82 | REGENTS UNIV OF CALIFORNIA UCSF | SAN FRANCISCO | CA | PHYSICIAN ASSISTANT | 277 | 1,022 | $143,862 | $141 | premium | 0.5% | (415) 476-1000 |
| 83 | PRIME CARE MEDICAL CLINIC PLLC | DEARBORN | MI | INTERNAL MEDICINE | 5 | 1,019 | $145,400 | $143 | premium | 3.5% | (313) 581-8080 |
| 84 | MASSACHUSETTS GENERAL PHYSICIANS ORGANIZATION INC | BOSTON | MA | DIAGNOSTIC RADIOLOGY | 3532 | 1,014 | $399,006 | $393 | premium | 2.4% | (617) 724-0287 |
| 85 | REGENTS OF THE UNIVERSITY OF MICHIGAN | ANN ARBOR | MI | INTERNAL MEDICINE | 3330 | 1,009 | $94,952 | $94 | premium | 3.5% | (734) 763-5459 |
| 86 | SUBURBAN/NRH MEDICAL REHABILITATION INC | BETHESDA | MD | INTERNAL MEDICINE | 875 | 996 | $125,540 | $126 | premium | 3.9% | — |
| 87 | JIM C KIM MD INC | BAKERSFIELD | CA | NURSE PRACTITIONER | 2 | 982 | $98,225 | $100 | premium | 0.5% | (661) 716-0333 |
| 88 | CITY AND COUNTY OF SAN FRANCISCO | SAN FRANCISCO | CA | NURSE PRACTITIONER | 366 | 975 | $121,141 | $124 | premium | 0.5% | — |
| 89 | UNIVERSITY PROFESSIONAL SERVICES | PORTLAND | OR | PHYSICIAN ASSISTANT | 1717 | 974 | $224,904 | $231 | premium | 18.5% | (503) 494-8311 |
| 90 | CORA HEALTH SERVICES INC | THE VILLAGES | FL | ORTHOPEDIC SURGERY | 1187 | 969 | $124,483 | $128 | premium | 1.7% | (352) 693-3378 |
| 91 | OANDW ENTERPRISES | STANLEYTOWN | VA | PHYSICIAN ASSISTANT | 208 | 968 | $242,000 | $250 | premium | 5.8% | (888) 724-0268 |
| 92 | CURANA HEALTH OF PENNSYLVANIA PC | ALLENTOWN | PA | NURSE PRACTITIONER | 92 | 965 | $115,800 | $120 | premium | 3.5% | (337) 991-9276 |
| 93 | NOVANT HEALTH MEDICAL GROUP COASTAL REGION LLC | WILMINGTON | NC | PHYSICIAN ASSISTANT | 560 | 961 | $168,175 | $175 | premium | 8.5% | (910) 662-6000 |
| 94 | MERCED FACULTY ASSOCIATES MEDICAL GROUP INCORPORATED | MERCED | CA | FAMILY PRACTICE | 27 | 960 | $105,600 | $110 | premium | 0.4% | (209) 722-9066 |
| 95 | SHARP REES-STEALY MEDICAL GROUP INC | SAN DIEGO | CA | PHYSICIAN ASSISTANT | 872 | 945 | $241,747 | $256 | premium | 0.4% | (858) 499-2600 |
| 96 | STANFORD HEALTH CARE | STANFORD | CA | DIAGNOSTIC RADIOLOGY | 3039 | 944 | $253,778 | $269 | premium | 0.4% | (650) 723-4000 |
| 97 | NEWPORT CENTER MEDICAL GROUP | NEWPORT BEACH | CA | INTERNAL MEDICINE | 5 | 939 | $131,460 | $140 | premium | 0.4% | (949) 720-4920 |
| 98 | FAMILY CHOICE ACO INC | WESTMINSTER | CA | FAMILY PRACTICE | 62 | 933 | $200,097 | $214 | premium | 0.4% | (714) 898-0765 |
| 99 | R AJAKWE MD AND R TATEVOSSIAN MD A PROFESSIONAL MEDICAL CORPORATION | BURBANK | CA | ANESTHESIOLOGY | 7 | 933 | $379,924 | $407 | premium | 0.4% | (818) 325-2088 |
| 100 | MISSION RANCH PRIMARY CARE INC | CHICO | CA | PHYSICIAN ASSISTANT | 11 | 929 | $90,113 | $97 | premium | 0.4% | (530) 894-0500 |
Showing the top 100 of 3,587 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 →