CMS Price Transparency Data

Knee arthroscopy with meniscus repair

Facility: South Peninsula Hospital

Billing Code: 29881 (CPT)

Factual Cost Summary (Answer Capsule)

CPT Billing Code: 29881
Insurance Median: $7,175
Cash Discount Price: $5,979
vs. Medicare Baseline: 2.15x Medicare

The contracted insurance negotiated median rate for a Knee arthroscopy with meniscus repair at South Peninsula Hospital is $7,175. If you are paying out-of-pocket or uninsured, the self-pay cash discount rate is $5,979. Compared to the federal Medicare reimbursement reference rate of $3,342.87, this hospital’s rate is 2.15x the Medicare baseline. Located in 4300 Bartlett St, Homer, AK.

Cash / Self-Pay

$5,979

Average discount available for prompt cash payment at this facility.

Insurance Median

$7,175

Median negotiated contract rate across all mapped commercial carriers.

Medicare Reference Rate

$3,342.87

Standard federal government reimbursement rate for this code.

Visual Cost Comparison vs. Medicare

Medicare Reference Baseline: $3,342.87 (100%)

Cash / Self-Pay: $5,979 (179%)

Insurance Median: $7,175 (215%)

Cash: $5,979 (179% of Medicare)

Ins. Median: $7,175 (215% of Medicare)

Understanding this gauge: We use the federal Medicare rate of $3,342.87 as the cost baseline. Rates below the baseline represent excellent value. In-network commercial rates commonly hover around 150% - 250% of Medicare, while rates exceeding 300% are elevated. Hover over the green and blue markers to view detailed calculations.

Elevated Commercial Rate Alert (Value-Gap)

The negotiated rate at this facility is 215% of the Medicare baseline (a markup of 115%). Patients with high-deductible plans or out-of-network benefits may face excessive out-of-pocket costs.

Consult Patient Advocate

Out-of-Pocket Cost Estimator

Estimate whether it is more economical to use your insurance or pay the upfront self-pay cash rate.

Billing Status

Remaining Deductible ($)

Your Coinsurance Rate (%)

Input your details and click calculate to compare out-of-pocket costs.

Commercial Insurance Negotiated Rates

Negotiated contract ranges established by major commercial carriers at this facility.

Carrier / Plan Group	Contract Rate Range	vs. Medicare Reference
Liberty Healthshare - All Plans	$937	28%
UnitedHealthcare	$1,562	47%
Premera First - All Plans	$2,340	70%
Blue Cross Blue Shield	$2,730	82%
Aetna	$6,776	203%
Geha - All Plans	$7,175	215%
Meritain - All Plans	$7,175	215%
Teamsters Emply - All Plans	$7,175	215%
Ufcw - All Plans	$7,175	215%
Cigna	$7,573	227%
Great West - All Plans	$7,573	227%
Moda - All Plans	$7,573	227%
Multiplan Phcs - All Plans	$7,573	227%
Pmcs - All Plans	$7,573	227%
First Choice Health - All Plans	$7,812	234%

Self-Pay Upfront Cash Action Plan

Request a "Self-Pay classification" with the billing desk before receiving care.
Ask for a written "Prompt-Pay Discount" agreement quoting the price of $5,979.
Request and sign a "Waiver of Insurance Submission" to prevent automatic billing.
Verify CPT Code matches exactly: 29881.

Insurance In-Network Protection Plan

Contact your insurance company to confirm South Peninsula Hospital is fully in-network.
Ask your insurer if "Prior Authorization" is required for CPT code 29881.
Confirm the specific physician or imaging center is also in-network (not just the hospital building).
Audit your Explanation of Benefits (EOB) against the final itemized hospital invoice.