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See a sample rate comparisonCPT 27332 is classified under Surgery, in the Surgical Procedures on the Musculoskeletal System subgroup.
| Key Fact | Detail |
|---|---|
| Service Type | Surgery Surgical Procedures on the Musculoskeletal System |
| Common Place of Service | 22On Campus Outpatient Hospital 21Inpatient Hospital |
| Common Modifiers | RTRight side of body LTLeft side of body |
| Hospital Outpatient Group (APC) | APC 5113 - Level 3 Musculoskeletal Procedures |
| Surgery Center Payment (ASC) | A2 - Paid separately, from the OPPS relative weight |
| Common Revenue Codes | 0360 |
| Medicare Fee Schedule | $614.91 national non-facility rate (2026)View Medicare rates for 27332 |
| Medicaid Fee Schedule | $490.905 median of the 8 states in the free previewView Medicaid rates for 27332 |
National average reimbursement for CPT 27332 by major payers:

$857.91
BCBS / Anthem

$868.61
UnitedHealthcare

$887.09
Aetna

$1,063.39
Cigna
Choose a payer to see a sample of rates for CPT 27332.
The Emory Clinic Inc, Emory Ambulatory Surgery Center At Spivey Station
Emory University
Christus Surgery Center Villages LLC, Christus Surgery Center - Shreveport
Christus Surgery Center Villages LLC
Asc Development Company LLC
Oaks Surgery Center Lp
Oaks Surgery Center Lp The Oak
The Kissimmee Fl Endoscopy Asc LLC, Kissimmee Endoscopy Center
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Rate Benchmarking
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See a sample payer proposalCPT 27332 vs. Other Surgical Procedures on the Musculoskeletal System Codes
The table lists codes related to 27332. Select one to see its fee schedule.
| Code | Description |
|---|---|
| 27332-CPT | Arthrotomy W/ Xcision Of Semilunar Cartilage (Meniscectomy) Knee, Arthrotomy With Excision Of Semilunar Cartilage (Meniscectomy) Knee; |
| 27333-CPT | Arthrotomy W/ Xcision Of Semilunar Cartilage (Meniscectomy) Knee, Arthrotomy With Excision Of Semilunar Cartilage (Meniscectomy) Knee; |
| 27334-CPT | Removal Of Knee Joint Lining, Exploration Of Knee Joint. The Procedure Includes Removal Of Inflamed Joint Lining To Alleviate Pain. |
| 27345-CPT | Xcision Of Synovial Cyst Of Popliteal Spac (Eg Bakers Cyst), Excision Of Synovial Cyst Of Popliteal Space (Eg Bakers Cyst) |
What is a fee schedule?
A fee schedule is a list of fixed prices that healthcare providers charge for specific services, including CPT 27332. These prices vary depending on payer type (Medicare, Medicaid, private insurance), geographic location, and provider contracts.
Understanding the 27332 fee schedule helps patients estimate costs and providers optimize billing for accurate reimbursements.
Factors that affect fee schedules
Medicare & Medicaid Rates
Government-set reimbursement amounts
Private Insurance Rates
Negotiated rates between providers and insurance companies
Geographic Location
Costs may be higher in urban areas.
Provider Type
Hospital providers may have different rates than private practice.
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Medicare's hospital outpatient payment system (OPPS) assigns CPT 27332 to APC 5113 (Level 3 Musculoskeletal Procedures). An APC groups outpatient services that Medicare pays at the same base rate.
CMS lists CPT 27332 with ASC payment indicator A2: Paid separately, from the OPPS relative weight.
Hospital price transparency files list CPT 27332 under these revenue codes: 0360. A revenue code names the hospital department or charge category for the line; it does not change what the service is.