October 2020

The chart below compares average prices Medibid clients have received with Healthcare Bluebook and Medicare pricing. Prices are updated on a quarterly basis. The Medicare rates listed are without modifiers, and only represent a national estimate of medicare rates. A more detailed explanation of where these “prices” come from can be found here.

Procedure MediBid
Target Cost
Percent
of Medicare
Healthcare
BlueBook Fair Price
Savings Savings % Medicare Rate
Arthroscopy – Knee $3,064.10 107.55% $4,587.00 $1,522.90 33% $2,849.01
Joint Replacement – Hip $13,171.60 101.22% $32,960.00 $19,788.40 60% $13,012.86
Joint Replacement – Knee $11,679.20 79.84% $32,860.00 $21,180.80 64% $14,627.93
ACL repair $5,869.50 100.52% $11,290.00 $5,420.50 48% $5,839.00
Carpal tunnel decompression $2,194.40 71.69% $2,207.00 $12.60 1% $3,061.00
Cataract removal $1,449.50 122.56% $4,123.00 $2,673.50 65% $1,182.70
Hernia repair $2,877.55 30.57% $5,443.00 $2,565.45 47% $9,412.00
Colonoscopy with biopsy $729.95 67.78% $2,548.00 $1,818.05 71% $1,077.00
Echocardiography $358.80 165.62% $750.00 $391.20 52% $216.64
Gall Bladder Removal (Surgical) $3,613.35 65.40% $15,710.00 $12,096.65 77% $5,525.00
MRI $297.70 96.66% $786.00 $488.30 62% $308.00
MRI w/ and w/o contrast $420.55 95.35% $1,161.00 $740.45 64% $441.05
CT scan $270.40 104.08% $536.00 $265.60 50% $259.81