CMS Price Transparency Data

Knee arthroscopy with meniscus repair

Facility: Northwestern Memorial Hospital

Billing Code: 29881 (CPT)

Factual Cost Summary (Answer Capsule)

CPT Billing Code: 29881
Insurance Median: $5,426
Cash Discount Price: $15,267
vs. Medicare Baseline: 1.62x Medicare

The contracted insurance negotiated median rate for a Knee arthroscopy with meniscus repair at Northwestern Memorial Hospital is $5,426. If you are paying out-of-pocket or uninsured, the self-pay cash discount rate is $15,267. Compared to the federal Medicare reimbursement reference rate of $3,342.87, this hospital’s rate is 1.62x the Medicare baseline. Located in 251 E Huron St, Chicago, IL.

Cash / Self-Pay

$15,267

Average discount available for prompt cash payment at this facility.

Insurance Median

$5,426

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: $15,267 (457%)

Insurance Median: $5,426 (162%)

Cash: $15,267 (457% of Medicare)

Ins. Median: $5,426 (162% 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.

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
Curaechoice [6100]	$2,151 - $5,426	64%
Healthlink [125]	$3,827 - $12,753	114%
UnitedHealthcare	$5,944 - $6,604	178%

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 $15,267.
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 Northwestern Memorial 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.