Placement Of External Device To Assist Circulation
Price Range Across States
What You Might Pay
Estimated using RAND 2024 commercial-to-Medicare ratios. Actual prices vary by insurer, plan, and facility.
How we estimate these prices
These estimates are based on the RAND Hospital Price Transparency Study (4th Edition, 2024), which found that commercial insurance prices average 224% of Medicare rates nationally. We apply category-specific ratios: Medicine procedures average 2.15x Medicare rates. Cash/self-pay estimates blend typical cash discounts (55% of billed charges) with Medicare-based estimates (150% of allowed amounts). These are statistical estimates, not quotes. Contact your insurer or provider for actual costs.
Prices by State
| State | Medicare Payment | Billed Charge |
|---|---|---|
| Pennsylvania | $82.26 | $221.28 |
What the Data Says About Placement Of External Device To Assist Circulation
Across 1 states with reporting providers, CPT code 92971 (Placement Of External Device To Assist Circulation) shows a national average Medicare payment of $80.87 against an average billed charge of $207.22. That gap — a 2.6x markup, or 156% above the Medicare allowed amount — reflects chargemaster pricing, not what most insured patients actually pay. Medicare's negotiated rate is the statutory benchmark; commercial insurers typically settle between the two figures based on network contracts.
Medicine procedures like this one saw 331 services billed to Medicare in 2023 by 10 distinct providers, serving 27 unique beneficiaries. Regional variation is limited in the underlying CMS file. Geographic Practice Cost Indices (GPCIs) explain much of that spread — local malpractice premiums, practice expense, and physician work adjustments all shift the allowed amount even when the procedure is identical.
Applying RAND 2024 commercial-to-Medicare ratios specific to the Medicine category (2.15x), the estimated commercial insurance price lands near $218.22, with self-pay cash discounts commonly bringing the figure closer to $133.11. Uninsured patients facing the full billed charge have the strongest leverage to negotiate — the Hospital Price Transparency Rule (effective January 2021) requires providers to publish standard charges, cash rates, and payer-specific negotiated prices. This data is for educational reference; confirm coverage and out-of-pocket exposure with your insurer before any procedure.
Frequently Asked Questions
How much does Placement Of External Device To Assist Circulation cost?
The national average Medicare payment for Placement Of External Device To Assist Circulation (CPT 92971) is $80.87, while providers typically bill $207.22. Prices vary significantly by state, ranging from $82.26 to $82.26.
Why do providers charge more than Medicare pays?
Providers set their own chargemaster rates (billed charges), which are typically much higher than what any insurer pays. Medicare pays a fixed rate based on the procedure code and geographic location. The billed charge is relevant mainly for uninsured patients, who may face prices closer to the submitted charge.
How much does Placement Of External Device To Assist Circulation cost with insurance?
With commercial insurance, Placement Of External Device To Assist Circulation costs an estimated $218.22 on average (range: $152.75 – $305.50). Without insurance, the estimated cash price is $133.11. These estimates are based on RAND 2024 research on commercial-to-Medicare price ratios. Your actual cost depends on your insurer, plan, and provider.
How many providers perform Placement Of External Device To Assist Circulation?
Nationally, 10 providers billed Medicare for Placement Of External Device To Assist Circulation in 2023, performing 331 total services for 27 beneficiaries across 1 states and territories.
What is the billed-to-Medicare markup for Placement Of External Device To Assist Circulation?
Providers bill 2.6x what Medicare pays for Placement Of External Device To Assist Circulation — a 156% markup. This gap between billed charges and actual payment is common across healthcare. Uninsured patients may face charges closer to the billed amount, while insured patients pay negotiated rates between the Medicare and billed figures.
Related Guides
Tips to reduce out-of-pocket costs
Your right to upfront pricing
How Medicare payments work
Decode charges and codes
Why bills exceed actual costs
Geographic pricing factors
Related Data Sources
Data from CMS Medicare Physician & Other Practitioners (2023).
Read our methodology — how this data is sourced, computed, and verified.