Cost analysis for CPT 83540 — Iron level
Average Medicare Payment
$6.31
2023 data
Total Payments (2023)
$21.0M
Services (2023)
3.3M
Price Change (2014–2023)
-26.3%
| Year | Avg Payment | Total Payments | Services | YoY Change |
|---|---|---|---|---|
| 2014 | $8.56 | $22.4M | 2.7M | — |
| 2015 | $8.54 | $22.5M | 2.7M | -0.2% |
| 2016 | $8.55 | $23.6M | 2.8M | +0.1% |
| 2017 | $8.61 | $24.4M | 2.8M | +0.7% |
| 2018 | $7.78 | $22.8M | 2.9M | -9.6% |
| 2019 | $7.01 | $21.4M | 3.0M | -9.9% |
| 2020 | $6.39 | $17.8M | 2.8M | -8.8% |
| 2021 | $6.43 | $19.8M | 3.1M | +0.6% |
| 2022 | $6.36 | $19.9M | 3.1M | -1.1% |
| 2023 | $6.31 | $21.0M | 3.3M | -0.8% |
The most expensive state pays 1.0x more than the cheapest for this procedure. VI averages $6.34 vs SC at $6.20.
| State | Avg Payment | Total Payments | Services | Providers |
|---|---|---|---|---|
| VI | $6.34 | $2.0K | 315 | 3 |
| VT | $6.34 | $1.1K | 172 | 8 |
| NM | $6.34 | $50.3K | 7.9K | 21 |
| KS | $6.34 | $461.6K | 72.8K | 69 |
| MA | $6.33 | $483.8K | 76.4K | 309 |
| MD | $6.33 | $405.3K | 64.0K | 173 |
| PR | $6.33 | $4.5K | 703 | 13 |
| NH | $6.33 | $8.5K | 1.3K | 30 |
| FL | $6.33 | $2.8M | 439.8K | 630 |
| CO | $6.33 | $131.6K | 20.8K | 68 |
| GA | $6.33 | $482.2K | 76.2K | 279 |
| CA | $6.33 | $2.5M | 402.7K | 375 |
| DE | $6.33 | $8.3K | 1.3K | 4 |
| NC | $6.33 | $1.5M | 244.5K | 546 |
| NY | $6.33 | $1.7M | 269.7K | 756 |
| MI | $6.33 | $140.8K | 22.3K | 108 |
| ND | $6.33 | $69.4K | 11.0K | 16 |
| TX | $6.33 | $1.7M | 272.2K | 839 |
| AZ | $6.33 | $650.7K | 102.9K | 156 |
| IL | $6.33 | $589.4K | 93.2K | 296 |
| OK | $6.33 | $141.4K | 22.4K | 47 |
| NJ | $6.32 | $2.7M | 420.9K | 183 |
| PA | $6.32 | $292.3K | 46.2K | 103 |
| LA | $6.32 | $74.4K | 11.8K | 94 |
| OH | $6.32 | $656.9K | 103.9K | 215 |
| NE | $6.32 | $38.8K | 6.1K | 36 |
| RI | $6.32 | $20.3K | 3.2K | 8 |
| NV | $6.32 | $213.0K | 33.7K | 56 |
| MO | $6.32 | $71.9K | 11.4K | 135 |
| IN | $6.32 | $136.3K | 21.6K | 77 |
| HI | $6.32 | $73.3K | 11.6K | 2 |
| VA | $6.32 | $390.2K | 61.8K | 303 |
| OR | $6.32 | $109.8K | 17.4K | 110 |
| CT | $6.31 | $32.1K | 5.1K | 63 |
| SD | $6.31 | $26.6K | 4.2K | 52 |
| MN | $6.31 | $102.2K | 16.2K | 205 |
| UT | $6.31 | $58.5K | 9.3K | 127 |
| IA | $6.31 | $79.7K | 12.6K | 150 |
| ID | $6.31 | $9.7K | 1.5K | 18 |
| WA | $6.31 | $316.4K | 50.1K | 168 |
| ME | $6.31 | $34.1K | 5.4K | 52 |
| AL | $6.31 | $591.8K | 93.8K | 235 |
| KY | $6.31 | $79.0K | 12.5K | 79 |
| MT | $6.31 | $4.6K | 724 | 8 |
| TN | $6.30 | $481.5K | 76.4K | 715 |
| DC | $6.30 | $4.3K | 678 | 9 |
| WY | $6.30 | $6.7K | 1.1K | 20 |
| AR | $6.29 | $110.1K | 17.5K | 146 |
| WI | $6.29 | $138.0K | 21.9K | 44 |
| WV | $6.28 | $22.3K | 3.5K | 25 |
| MS | $6.26 | $55.7K | 8.9K | 79 |
| Provider | Specialty | State | Payments | Services | Avg/Service |
|---|---|---|---|---|---|
| Laboratory Corporation Of America Holdings | Clinical Laboratory | NC | $1.0M | 161.8K | $6.33 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | NJ | $881.5K | 139.4K | $6.32 |
| Quest Diagnostics Incorporated | Clinical Laboratory | NJ | $832.0K | 131.3K | $6.34 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | FL | $610.8K | 96.4K | $6.34 |
| Unilab Corporation | Clinical Laboratory | CA | $556.9K | 87.9K | $6.34 |
| Bioreference Health, Llc | Clinical Laboratory | NJ | $510.8K | 80.7K | $6.33 |
| Wilfredo Blasini | Pathology | FL | $400.2K | 63.2K | $6.33 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | AL | $360.7K | 57.0K | $6.32 |
| Sonora Quest Laboratories Llc | Clinical Laboratory | AZ | $345.8K | 54.7K | $6.32 |
| Laboratory Corporation Of America | Clinical Laboratory | CA | $343.4K | 54.3K | $6.32 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | OH | $336.1K | 53.1K | $6.33 |
| Northwell Health Laboratories | Clinical Laboratory | NY | $331.7K | 52.3K | $6.34 |
| Labone Llc | Clinical Laboratory | KS | $323.5K | 51.0K | $6.34 |
| Ryan Olson | Pathology | FL | $323.2K | 51.0K | $6.33 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | GA | $299.3K | 47.2K | $6.34 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | FL | $289.8K | 45.7K | $6.34 |
| Laboratory Corporation Of America | Clinical Laboratory | FL | $289.1K | 45.6K | $6.34 |
| Sunrise Medical Laboratories, Inc. | Clinical Laboratory | NY | $270.3K | 42.8K | $6.32 |
| Unilab Corporation | Clinical Laboratory | CA | $269.6K | 42.5K | $6.34 |
| Clinical Pathology Laboratories, Inc. | Clinical Laboratory | TX | $245.5K | 38.7K | $6.34 |
Based on the data, CPT 83540 shows a 1.0x variation in pricing across states — relatively consistent by Medicare standards.
Costs have decreased 26.3% since 2014. Medicare's fee schedule attempts to standardize pricing, though some variation is expected due to geographic cost-of-living adjustments and practice expense differences.
This analysis is based on publicly available CMS data and does not account for patient complexity, comorbidities, or facility-specific factors that may justify pricing differences.
Note: All data is from publicly available Medicare records. OpenMedicare is an independent journalism project not affiliated with CMS.