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 |