Cost analysis for CPT 83550 — Iron binding capacity
Average Medicare Payment
$8.53
2023 data
Total Payments (2023)
$23.3M
Services (2023)
2.7M
Price Change (2014–2023)
-25.4%
| Year | Avg Payment | Total Payments | Services | YoY Change |
|---|---|---|---|---|
| 2014 | $11.44 | $23.6M | 2.1M | — |
| 2015 | $11.43 | $23.7M | 2.1M | -0.1% |
| 2016 | $11.45 | $24.9M | 2.2M | +0.2% |
| 2017 | $11.52 | $25.5M | 2.2M | +0.6% |
| 2018 | $10.51 | $24.4M | 2.3M | -8.8% |
| 2019 | $9.47 | $22.9M | 2.4M | -9.9% |
| 2020 | $8.64 | $19.1M | 2.2M | -8.8% |
| 2021 | $8.70 | $21.1M | 2.4M | +0.7% |
| 2022 | $8.59 | $22.0M | 2.6M | -1.3% |
| 2023 | $8.53 | $23.3M | 2.7M | -0.7% |
The most expensive state pays 1.0x more than the cheapest for this procedure. NH averages $8.57 vs AK at $8.37.
| State | Avg Payment | Total Payments | Services | Providers |
|---|---|---|---|---|
| NH | $8.57 | $10.6K | 1.2K | 28 |
| ID | $8.57 | $8.3K | 967 | 5 |
| PR | $8.57 | $6.3K | 731 | 11 |
| KS | $8.57 | $525.3K | 61.3K | 53 |
| NM | $8.57 | $62.3K | 7.3K | 14 |
| CA | $8.56 | $2.8M | 322.3K | 318 |
| VI | $8.56 | $2.9K | 340 | 3 |
| MD | $8.56 | $472.5K | 55.2K | 157 |
| MA | $8.56 | $552.8K | 64.6K | 123 |
| NJ | $8.56 | $3.1M | 362.9K | 176 |
| MI | $8.56 | $142.2K | 16.6K | 69 |
| CO | $8.56 | $153.9K | 18.0K | 63 |
| GA | $8.56 | $547.6K | 64.0K | 230 |
| RI | $8.56 | $27.3K | 3.2K | 6 |
| FL | $8.56 | $2.9M | 334.9K | 521 |
| NC | $8.56 | $1.8M | 207.4K | 496 |
| DE | $8.55 | $9.5K | 1.1K | 3 |
| NY | $8.55 | $1.9M | 221.1K | 608 |
| PA | $8.55 | $317.4K | 37.1K | 85 |
| TX | $8.55 | $2.0M | 236.4K | 694 |
| OK | $8.55 | $130.4K | 15.3K | 34 |
| AZ | $8.55 | $696.0K | 81.4K | 68 |
| MN | $8.55 | $112.3K | 13.1K | 184 |
| ND | $8.55 | $67.5K | 7.9K | 11 |
| IL | $8.55 | $612.2K | 71.6K | 263 |
| LA | $8.55 | $72.6K | 8.5K | 68 |
| OH | $8.55 | $729.1K | 85.3K | 193 |
| HI | $8.54 | $94.7K | 11.1K | 2 |
| NV | $8.54 | $252.3K | 29.5K | 51 |
| WY | $8.54 | $3.8K | 441 | 11 |
| IN | $8.54 | $144.1K | 16.9K | 43 |
| NE | $8.54 | $39.1K | 4.6K | 29 |
| MO | $8.54 | $62.2K | 7.3K | 81 |
| VA | $8.54 | $453.4K | 53.1K | 252 |
| WA | $8.54 | $347.8K | 40.7K | 78 |
| MT | $8.54 | $5.3K | 624 | 7 |
| SD | $8.53 | $30.4K | 3.6K | 33 |
| SC | $8.53 | $202.4K | 23.7K | 143 |
| CT | $8.53 | $39.8K | 4.7K | 52 |
| AL | $8.53 | $643.9K | 75.5K | 156 |
| OR | $8.53 | $76.6K | 9.0K | 79 |
| ME | $8.53 | $44.2K | 5.2K | 47 |
| IA | $8.53 | $97.1K | 11.4K | 148 |
| KY | $8.52 | $64.4K | 7.6K | 61 |
| TN | $8.52 | $540.0K | 63.4K | 446 |
| UT | $8.52 | $56.1K | 6.6K | 119 |
| DC | $8.52 | $3.9K | 457 | 7 |
| WV | $8.52 | $8.6K | 1.0K | 15 |
| AR | $8.50 | $137.1K | 16.1K | 130 |
| WI | $8.50 | $163.0K | 19.2K | 38 |
| MS | $8.45 | $62.8K | 7.4K | 49 |
| Provider | Specialty | State | Payments | Services | Avg/Service |
|---|---|---|---|---|---|
| Laboratory Corporation Of America Holdings | Clinical Laboratory | NC | $1.2M | 140.5K | $8.56 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | NJ | $1.0M | 121.6K | $8.56 |
| Quest Diagnostics Incorporated | Clinical Laboratory | NJ | $1.0M | 117.7K | $8.57 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | FL | $727.8K | 84.9K | $8.57 |
| Unilab Corporation | Clinical Laboratory | CA | $664.7K | 77.6K | $8.57 |
| Bioreference Health, Llc | Clinical Laboratory | NJ | $601.2K | 70.2K | $8.56 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | AL | $426.3K | 49.9K | $8.55 |
| Labone Llc | Clinical Laboratory | KS | $401.3K | 46.8K | $8.57 |
| Laboratory Corporation Of America Holdings | Clinical Laboratory | OH | $388.2K | 45.4K | $8.55 |
| Laboratory Corporation Of America | Clinical Laboratory | CA | $381.3K | 44.5K | $8.57 |
| Northwell Health Laboratories | Clinical Laboratory | NY | $368.0K | 43.0K | $8.57 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | GA | $366.2K | 42.7K | $8.57 |
| Quest Diagnostics Clinical Laboratories Inc | Clinical Laboratory | FL | $363.3K | 42.4K | $8.57 |
| Sonora Quest Laboratories Llc | Clinical Laboratory | AZ | $356.5K | 41.7K | $8.54 |
| Wilfredo Blasini | Pathology | FL | $351.1K | 41.0K | $8.55 |
| Laboratory Corporation Of America | Clinical Laboratory | FL | $339.2K | 39.6K | $8.57 |
| Unilab Corporation | Clinical Laboratory | CA | $338.3K | 39.5K | $8.57 |
| Sunrise Medical Laboratories, Inc. | Clinical Laboratory | NY | $313.6K | 36.7K | $8.54 |
| Quest Diagnostics Llc Il | Clinical Laboratory | IL | $284.9K | 33.2K | $8.57 |
| Clinical Pathology Laboratories, Inc. | Clinical Laboratory | TX | $270.2K | 31.5K | $8.57 |
Based on the data, CPT 83550 shows a 1.0x variation in pricing across states — relatively consistent by Medicare standards.
Costs have decreased 25.4% 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.