How much does Medicare pay for CPT 29240?

Medicare allowed an average of $27.34 per service and paid $21.43 of that, the balance being the patient's coinsurance and deductible (2024 data). Providers submitted an average of $88.90, which is what they billed rather than what they received — Medicare pays its fee schedule regardless of the charge.

What is CPT code 29240?

Placement of strapping to shoulder. It was billed 11,777 times to 2,112 Medicare beneficiaries by 106 providers in 2024.

Which specialty bills 29240 most?

Physical Therapist in Private Practice, with 6,571 services from 65 clinicians. Next are Physician Assistant, Occupational Therapist in Private Practice, Physical Medicine and Rehabilitation.

CPT 29240

Placement of strapping to shoulder

$27.34Medicare-allowed amount per service, averaged across 11,777 services

Providers submitted

$88.90

Asking price, not received

Medicare allowed

$27.34

The fee schedule figure

Medicare paid

$21.43

Balance is patient coinsurance

Providers submitted an average of $88.90 for this code and Medicare allowed $27.34 — 3.3× less. That gap is normal and means nothing on its own: Medicare pays its fee schedule regardless of what is billed, so the submitted figure describes a hospital chargemaster, not a price anyone paid. Of the allowed amount Medicare paid $21.43 (78%); the rest is the patient’s coinsurance and deductible.

Services: 11,777
Beneficiaries: 2,112
Providers billing it: 106
Total allowed: $321,983

What Medicare pays for CPT 29240

Across 11,777 services billed by 106 providers to 2,112 beneficiaries, Medicare allowed an average of $27.34 per service. That is 5.6 services per beneficiary, so this is a code patients typically receive more than once. The allowed amount is the figure that matters: it is what Medicare and the patient together owe, set by the fee schedule and adjusted for local practice costs. What a provider chose to submit has no bearing on it.

Who bills 29240

Specialty	Services	Beneficiaries	Avg allowed	Providers
Physical Therapist in Private Practice	6,571	1,190	$31.17	65
Physician Assistant	2,004	237	$17.25	13
Occupational Therapist in Private Practice	1,295	229	$26.10	10
Physical Medicine and Rehabilitation	968	192	$25.60	6
Internal Medicine	343	71	$28.36	3
Nurse Practitioner	261	53	$21.43	1
Family Practice	249	78	$27.29	4
Pain Management	31	14	$17.15	1
General Practice	27	22	$29.59	1
Cardiac Surgery	15	15	$22.65	1
Orthopedic Surgery	13	11	$17.54	1

29240 reimbursement by state

Two different numbers. Allowed is what Medicare actually allowed in that state, which includes the local practice-cost adjustment. Standardized strips that geographic adjustment out of the payment, so it is the column to use when comparing states — a difference there reflects how the code was billed, not what it costs to run a practice locally.

State	Services	Allowed	Standardized pmt	Providers
California	5,126	$31.78	$22.63	41
Arizona	2,029	$17.50	$14.11	14
New York	1,323	$27.50	$19.65	10
Tennessee	1,148	$26.11	$22.60	11
Florida	385	$27.73	$20.80	4
Nevada	360	$21.41	$17.02	3
Pennsylvania	287	$30.12	$22.91	2
South Carolina	233	$23.96	$19.68	2
Indiana	184	$26.08	$21.15	5
Washington	173	$30.33	$21.43	5
Maryland	172	$29.24	$21.86	1
Texas	106	$27.35	$23.09	1
Illinois	73	$26.17	$20.01	3
North Carolina	69	$33.46	$22.55	1
Louisiana	59	$17.35	$14.05	1
New Jersey	37	$31.46	$22.34	1
Michigan	13	$17.54	$15.61	1

Related codes

29200Placement of strapping to chest$25.73
29260Placement of strapping to elbow or wrist$25.73
29280Placement of strapping to hand or finger$29.83

Billing this code is not the same as earning it

An allowed amount is revenue to a practice, not income to a clinician. It funds staff, premises, equipment and supplies before anyone is paid. What clinicians actually earn is published separately by the Department of Labor, and what industry pays them is published separately again by CMS — this site carries both.

What doctors are paid →·Look up a clinician →·All procedure codes →

Where this comes from. CMS Medicare Physician & Other Practitioners, by Provider and Service, 2024. It covers fee-for-service Original Medicare Part B only — not Medicare Advantage, not Medicaid, and not commercial insurance, which typically pays more for the same code.

How it is averaged. CMS publishes one average per provider per code. Every figure here is re-weighted by the number of services, so a clinician who billed the code 4,000 times counts 4,000 times more than one who billed it twice. CMS also suppresses any provider-code pair with fewer than 11 beneficiaries, so low-volume practice is missing from these totals by design.