Medicare Enrolled

Dr. Michael Nikolov, M.D.

Anesthesiology · Elgin, IL
Practice pattern: Mixed Practice — Diverse clinical practice across multiple procedure types
Consulting-driven
1425 N RANDALL RD DEPT OF, Elgin, IL 60123
8477429800
In practice since 2007 (19 years)
NPI: 1093872822 verify on NPPES ↗
Very High
DATA COVERAGE
Data in 4 of 4 federal sources
Measures public federal data availability — not provider quality
Informational, not a quality rating. This page presents federal public records about Dr. Nikolov from CMS (NPPES, Open Payments, Medicare Provider Utilization, PECOS). It is not medical advice, an endorsement, or a judgment of clinical quality. Always consult the provider directly and a licensed clinician for medical decisions. Read methodology →
Are you Dr. Nikolov? Request a correction or review of any data shown here. Provider portal →

What this data tells you about Dr. Nikolov

Dr. Michael Nikolov is an anesthesiology specialist in Elgin, IL, with 19 years of NPI registration. Based on federal Medicare data, Dr. Nikolov performed 60 Medicare services across 59 unique beneficiaries.

Between the years covered by Open Payments, Dr. Nikolov received a total of $13,402 from 6 pharmaceutical and/or device companies across 36 individual payments. These payments are legal, publicly disclosed under the federal Sunshine Act, and common in anesthesiology. The majority of payments are for consulting, which typically reflects recognized clinical expertise sought by manufacturers. Patients may wish to discuss these relationships with their provider.

The Data Coverage level for Dr. Nikolov is Very High — reflecting how much public federal data is available about this provider. Patients are encouraged to use this data as one of several factors when choosing a healthcare provider.

✓ 19 years in practice ▲ 60 Medicare services $13,402 industry payments

Medicare Practice Summary

Medicare Utilization ↗
60
Medicare services
Bottom 25% in IL for anesthesiology
Lower Medicare volume may reflect subspecialty focus, hospital-based work, or a higher share of non-Medicare patients.
59
Unique beneficiaries
$150
Avg. Medicare payment
Medicare patients only (65+ / disabled) · How to read this →
~3 Medicare services per year of practice

Top procedures by volume

Ranked by number of services performed for Medicare patients. Avg. submitted charge is what the provider billed; avg. Medicare payment is what CMS paid.

Procedure Volume Avg. paid Avg. submitted
Anesthesia for x-ray or radiation therapy
Administration of anesthesia during x-ray or radiation therapy procedures.
 23 $83 $2,185
Anesthesia for heart and large blood vessel procedure
Administration of anesthesia during surgical procedures involving the heart and major blood vessels.
 15 $402 $4,885
Arterial line insertion
A tube is inserted into an artery through the skin to allow for blood sampling or infusion.
 11 $37 $554
Brachial plexus injection with anesthetic and/or steroid
An injection of an anesthetic agent and/or steroid into the brachial plexus nerve bundle in the arm.
 11 $57 $1,052
How to read this data: This reflects Medicare patients only (typically 65+). Payment amounts are what Medicare paid the provider, not your out-of-pocket cost. A higher procedure volume generally indicates more experience with that procedure.

Industry Payment Transparency

Open Payments through 2023 ↗
$13,402
Total received (2018-2023)
Avg $2,234/year across 6 years
Top 3% in IL for anesthesiology
A higher payment rank reflects disclosed industry relationships (consulting, research, speaking) common among subspecialists — not wrongdoing.
6
Companies
36
Individual payments
All payments are legal and publicly reported · Not evidence of wrongdoing · How to interpret →

Payment profile

Industry payments classified by relationship type. Not all payments are equal — research and consulting reflect different relationships than speaking programs or meals.

Consulting
Expert advisory fees, typically reflecting recognized clinical expertise
$12,935 (96.5%)
Meals & Travel
Food, beverages, travel, and lodging — typically low-value
$467 (3.5%)

Payment trend by year

Annual totals from pharmaceutical and medical device companies.

2023
$57
2022
$8,326
2021
$4,633
2020
$143
2019
$191
2018
$52

Payments by company (2023)

Consulting
Speaking
Meals & Travel
Research
Edwards Lifesciences Corporation
$57
Top 3 companies account for 100.0% of 2023 payments
All-time payments by company (2018-2023) ›
Edwards Lifesciences Corporation
$13,137
Boston Scientific Corporation
$108
COMSORT, Inc
$100
Cumberland Pharmaceuticals, Inc.
$28
Masimo Corporation
$16
Medtronic Vascular, Inc.
$13
Top 3 companies account for 99.6% of all-time payments
Associated products mentioned in payments ›
BRIDION · Caldolor · EDWARDS SAPIEN 3 TRANSCATHETER HEART VALVE (THV) · Edwards SAPIEN 3 Transcatheter Heart Valve · Edwards SAPIEN 3 Ultra Transcatheter Heart Valve · HeartWare HVAD · HemoSphere · HemoSphere advanced monitoring platform · SAPIEN 3 Ultra RESILIA · SedLine · WATCHMAN Access System
Should you be concerned? Payments from pharmaceutical and device companies are legal and common — 57% of U.S. physicians receive at least one. They often reflect legitimate consulting, research, or education. What matters is whether a recommended drug or device appears in your doctor's payment records. If so, consider asking your doctor about it. How to interpret this data →

The majority of payments (96%) are consulting fees, which typically reflect recognized clinical expertise sought by manufacturers. Total industry engagement is in the top 3% for anesthesiology in IL.

Looking for an anesthesiology specialist in Elgin?
Compare anesthesiologists in the Elgin area by procedure volume, costs, and industry payment transparency.
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Geographic Context

Anesthesiologists within 10 mi
490
Per 100K population
94.9
County median income
$100,678
Nearest hospital
ADVOCATE SHERMAN HOSPITAL
0.0 mi

Data Sources

Provider Registry ✓ NPPES Weekly updates
Medicare Enrollment ✓ PECOS Monthly updates
Practice Data ✓ Medicare Util. Annual (CY lag)
Industry Payments ✓ Open Payments CY 2023
Disciplinary History — Not public N/A

This provider has data in 4 of 4 available federal datasets, with a Data Coverage level of Very High. This reflects how much public data is available about a provider. How we calculate this →

Summary

Dr. Nikolov is a mixed practice specialist, with moderate Medicare volume, with consulting-driven industry engagement in the top 3% of IL peers, with 19 years of NPI registration.

This summary is auto-generated from federal data, describing data availability and patterns. Read our methodology →

Frequently Asked Questions

Is Dr. Nikolov experienced with anesthesia for x-ray or radiation therapy?
Based on Medicare claims data, Dr. Nikolov performed 23 anesthesia for x-ray or radiation therapy services. Research suggests that higher procedure volume is often associated with better outcomes, particularly for complex procedures. Note that Medicare data only captures patients aged 65 and older, so the total practice volume across all patients is likely higher.
Does Dr. Nikolov receive payments from pharmaceutical companies?
Yes. Dr. Nikolov received a total of $13,402 from 6 companies across 36 individual payments. These payments are legal, publicly disclosed under the federal Sunshine Act, and common among physicians — 57% of all U.S. physicians receive at least one industry payment. Patients may wish to ask their doctor about these relationships, especially if a recommended drug or device appears in the payment records.
How do Dr. Nikolov's costs compare to other anesthesiologists in Elgin?
Dr. Nikolov's average Medicare payment per service is $150. Note that these figures represent what Medicare pays, not your out-of-pocket cost, which depends on your specific insurance plan and deductible. Procedure-level data above shows both what was submitted and what Medicare paid for each service type.
What does Data Coverage mean?
Data Coverage (currently Very High for Dr. Nikolov) measures how much public federal data is available about a provider. It is not a quality rating. A "Very High" or "High" level means the provider has data across multiple federal sources (NPPES, PECOS, Medicare Utilization, Open Payments), indicating a long track record of practice, Medicare participation, and industry disclosure. A "Low" or "Moderate" level may simply mean the provider is newer, does not see Medicare patients, or has not received any industry payments — none of which are inherently negative. Read our full methodology →
Is this data up to date?
Each data source has its own update cycle. Provider registry data (NPPES) is updated weekly. Medicare enrollment (PECOS) is updated monthly. Medicare practice data has a ~2 year lag — the most recent available is typically 2 years prior. Industry payment data (Open Payments) is published annually, usually in June, covering the prior calendar year. We display the data date prominently on each section so you always know how current it is. See our data freshness policy →

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About this page

All data on this page is sourced verbatim from public federal records published by the U.S. Centers for Medicare & Medicaid Services (CMS): NPPES ↗, Open Payments ↗, Medicare Provider Utilization ↗, and PECOS. Publication is mandated by the Physician Payments Sunshine Act (§6002 ACA, 42 U.S.C. §1320a-7h) and the Freedom of Information Act.

This page is not medical advice, an endorsement, a recommendation, or a quality rating. Data Coverage reflects data completeness — how much federal information exists for this provider — not clinical performance, patient outcomes, or quality of care. Always verify information directly with the provider and consult a licensed clinician before making medical decisions.

Provider corrections: Provider portal · Privacy questions: Privacy Policy · Terms: Terms of Use · Methodology: Methodology

Data Disclaimer — Data sourced from the Centers for Medicare & Medicaid Services (CMS): National Plan and Provider Enumeration System (NPPES), Open Payments program, Medicare Provider Utilization and Payment Data, and Provider Enrollment & Certification data (PECOS). Published under the Freedom of Information Act (FOIA). This website is not affiliated with, endorsed by, or authorized by CMS, HHS, or the U.S. Government. Data may contain errors as reported to CMS by providers and reporting entities. Payments from industry are legal and do not indicate wrongdoing. Medicare data reflects only patients aged 65+ or those with qualifying disabilities. For corrections, contact CMS directly. This information does not constitute medical advice and should not be used as the sole basis for choosing a healthcare provider. Procedure descriptions use plain language and do not reference CPT® codes, which are copyrighted by the American Medical Association. Full methodology → · Report a data error → · Privacy policy →