Richard Nicolay III, MD
Financing Options
Promotional financing available when you pay with CareCredit. $200 minimum purchase. What is CareCredit?
MDsave and Your Insurance
Contact your insurance company directly to see if your purchase can count towards your deductible. Details
Your purchase includes the following services:
Facility fee
operating and recovery room services & supplies for outpatient stay (less than 24 hours) at Illinois Bone and Joint Institute, LLC
Physician fee
treatment and procedure-related postoperative follow-up visit(s) within 90 days of surgery. Does NOT include the initial evaluation to determine the need of the procedure.
Anesthesiologist fee
regional or general anesthesia for the entire duration of the procedure
Tendo Marketplace fee
Covers the cost of contracting upfront rates with all involved medical providers, processing payment, and distributing funds, minimizing administrative overhead and allowing for a lower total price
This bundled price includes the cost of your procedure and the fees listed above. These fees are for the services most frequently packaged together with this procedure. Any services that are not listed here will not be covered in your purchase.
Money Back Guarantee
We will refund your payment in full if you end up not needing your purchased procedure and do not receive care. Details
Richard Nicolay III, MD
Dr. Richard Nicolay specializes in the treatment of injuries to the large joints, including the shoulder, elbow, hip, and knee. He has expertise in sports-related injuries and shoulder replacements.
Dr. Nicolay completed his orthopedic surgery residency training at Northwestern Memorial Hospital and trained in pediatrics at Anne and Robert H. Lurie Children’s Hospital of Chicago and trauma at John H. Stroger Cook County Hospital of Chicago. While at Northwestern, he worked closely with the Chicago Blackhawks, volunteered as a physician for the Chicago Marathon, and trained under past and present head team physicians for the Chicago Bears, Bulls, and Cubs.
At the completion of his 5-year residency, he was elected to serve as a Chief Resident and was awarded the Brian Hartigan, M.D. Memorial Award for demonstrating compassionate care, clinical excellence, and dedication to teaching. He then completed his fellowship at the Hospital for Special Surgery in New York City, the nation’s #1 hospital for orthopedics, where he completed advanced training in sports medicine and shoulder surgery and served as a fellow team physician for the New York Rangers and New York Liberty.
He trained directly with the team physicians for the New York Giants, Nets, Knicks, Mets, and Red Bulls as well as Team USA Basketball and Swimming. Dr. Nicolay traveled abroad to complete a mini-fellowship in advanced shoulder replacement techniques, working with leaders of the European Society for Surgery of the Shoulder and the Elbow in Switzerland and France.
He serves as a reviewer for the American Journal of Sports Medicine, Orthopaedic Journal of Sports Medicine, Journal of Shoulder and Elbow Surgery, and Arthroscopy Journal. He was the co-recipient of the first-place overall research poster award at the 2022 American Academy for Orthopedic Surgeons Annual meeting.
In his spare time, he enjoys spending time with family, fishing, watersports, woodworking, drawing, and photography.
Board Certification
American Board of Orthopaedic Surgery
Residency
Northwestern University Feinberg School of Medicine
Fellowship
Hospital for Special Surgery
Medical School
Indiana University School of Medicine
MDsave is a service for patients electing to pay cash for procedures. Procedure purchases must be made prior to receiving care. The provider will not file a claim for this service on your behalf. You can use HSA, FSA, or HRA funds to pay for your procedure. You may be able to apply payment to your deductible, however eligibility is determined by your insurance provider and depends on your plan. You can access your MDsave purchase history at any time to support your submission.
MDsave is pleased to accept CareCredit, a health, wellness and personal care credit card that provides promotional financing with flexible monthly payments.*
*Subject to credit approval. Minimum monthly payment required.
Search by procedure and location to browse local providers and compare upfront pricing.
Pay for your procedure online or by calling (844) 256-7696. Or buy your procedure at the facility before your appointment is scheduled.
Follow the scheduling instructions given by your provider. Bring your voucher to your appointment.
Procedures
© Copyright 2025 MDsave Incorporated.
All Rights Reserved.