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See a sample rate comparisonCPT 28240 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 24Ambulatory Surgical Center |
| Common Modifiers | LTLeft side of body RTRight 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 | 03600761 |
| Medicare Fee Schedule | $440.22 national non-facility rate (2026)View Medicare rates for 28240 |
| Medicaid Fee Schedule | $345.83 median of the 8 states in the free previewView Medicaid rates for 28240 |
National average reimbursement for CPT 28240 by major payers:

$572.26
BCBS / Anthem

$585.50
UnitedHealthcare

$600.87
Aetna

$501.49
Cigna
Choose a payer to see a sample of rates for CPT 28240.
Indiana Endoscopy Centers LLC, Indiana Endoscopy Center West
Premier Endoscopy, LLC
Premier Endoscopy LLC
Sf Nassau Asc LLC
Independent Surgery Center LLC
Central Ohio Endoscopy Center, LLC
Central Ohio Endoscopy Center LLC
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Rate Benchmarking
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See a sample payer proposalCPT 28240 vs. Other Surgical Procedures on the Musculoskeletal System Codes
The table lists codes related to 28240. Select one to see its fee schedule.
| Code | Description |
|---|---|
| 28240-CPT | Cut Tendon Of Big Toe, Surgery To Cut Tendon-Muscle Unit Attached To Bone Of The Big Toe. The Procedure Allows Big Toe To Move Back Into Proper Position. |
| 28250-CPT | Split Tissue On Sole Of Foot, Surgery To Divide Fascia (Strong Connective Tissue That Surrounds Muscle Bone And Organs) On Bottom Of Foot. |
| 28260-CPT | Release Mid-Foot Restriction, Surgery To Release Mid-Foot Contracture By Cutting The Capsule That Encases The Foot Joint. |
| 28262-CPT | Revision Of Foot And Ankle, Capsulotomy Midfoot Extensive Including Posterior Talotibial Capsulotomy And Tendon S Lengthening Eg Resistant Clubfoot Deformity |
What is a fee schedule?
A fee schedule is a list of fixed prices that healthcare providers charge for specific services, including CPT 28240. These prices vary depending on payer type (Medicare, Medicaid, private insurance), geographic location, and provider contracts.
Understanding the 28240 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 28240 to APC 5113 (Level 3 Musculoskeletal Procedures). An APC groups outpatient services that Medicare pays at the same base rate.
CMS lists CPT 28240 with ASC payment indicator A2: Paid separately, from the OPPS relative weight.
Hospital price transparency files list CPT 28240 under these revenue codes: 0360 and 0761. A revenue code names the hospital department or charge category for the line; it does not change what the service is.