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See a sample rate comparisonHealthcare providers use this code to document and receive reimbursement for visits that address moderate-level medical decision-making, often including multiple diagnoses or prescription management.
| Key Fact | Detail |
|---|---|
| Service Type | Medicine Services and Procedures Pulmonary Procedures |
| Common Place of Service | 21 - Inpatient Hospital 99 - Other POS |
| Common Modifiers | GC - Service performed by resident under supervision SA |
| Complexity Level | Low |
| Medicare Fee Schedule | $59.12 national non-facility rate (2026) · View Medicare rates for 94003 |
| Medicaid Fee Schedule | $48.49 median of the 8 states in the free preview · View Medicaid rates for 94003 |
National average reimbursement for CPT 94003 by major payers:

$87.22

$84.74

$80.69

$112.91
Choose a payer to see a sample of rates for CPT 94003.
Asifa Choudhry
Carle West Physician Group Inc
George Gianakakos
Loyola University Medical Center
Tracy Binius
Northwestern Memorial Healthcare
Nelda Akinbile
Veterans Assistance Commission C
Laura Continetti
Town Center Orthopaedic Associates, P.C.
Choose your state and specialty to build a report from payer-published rates.
Rate Benchmarking
Select a published rate, define comparable providers, and see where that rate falls in your market.
See a sample rate comparisonPayer Contract Negotiation
Use your fee schedule and market benchmarks to set target rates and draft a letter for your payer.
See a sample payer proposalCPT 94003 vs. Other Pulmonary Procedures Codes
The CPT 94003 code is part of the Medicine Services and Procedures services used for Pulmonary Procedures. It represents a moderate-complexity encounter and is one of several codes that vary based on time spent, level of medical decision-making, and documentation requirements.
The CPT 94003 code involves more provider time and moderate medical decision-making, unlike lower-level codes that require less time and simpler assessments. It typically includes multiple diagnoses, medication management, or test interpretation, leading to higher reimbursement and more detailed documentation requirements.
| Code | Complexity | Description |
|---|---|---|
| 94002-CPT | Low | Ventilation Assist And Managem, Ventilation Assist And Management Initiation Of Pressure Or Volume Preset Ventilators For Assisted Or Controlled Breathing Hospital Inpatientobservation Initial Day |
| 94003-CPT | Low | Ventilation Assist And Managem, Ventilation Assist And Management Initiation Of Pressure Or Volume Preset Ventilators For Assisted Or Controlled Breathing Hospital Inpatientobservation Each Subsequent Day |
| 94004-CPT | Low | Ventilation Assist And Managem, Ventilation Assist And Management Initiation Of Pressure Or Volume Preset Ventilators For Assisted Or Controlled Breathing Nursing Facility Per Day |
| 94010-CPT | Low | Spirometry Including Graphic, Spirometry Including Graphic Record Total And Timed Vital Capacity Expiratory Flow Rate Measurement(S) With Or Without Maximal Voluntary Ventilation |
What is a fee schedule?
A fee schedule is a list of fixed prices that healthcare providers charge for specific services, including CPT 94003. These prices vary depending on payer type (Medicare, Medicaid, private insurance), geographic location, and provider contracts.
Understanding the 94003 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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