# CPT 94761: Pulse oximetry, multiple determinations

Medicare CPT 94761 pays $4.34 in a non-facility setting and $4.34 in a facility setting under the 2026 Medicare Physician Fee Schedule, before geographic adjustment. After geographic adjustment, state amounts run from $3.61 in Arkansas to $5.09 in District of Columbia, a 41% spread.

Web page: https://www.med-reveal.com/rates/94761-cpt-fee-schedule
Section: Medical and Therapeutic Services
Billed by: Sleep Medicine

## Medicare rates

| | Amount |
| --- | --- |
| National non-facility | $4.34 |
| National facility | $4.34 |
| Conversion factor | 33.4009 |
| Release | 2026 Q4 (effective 2026-10-01) |

## By state

| State | Non-facility | Facility |
| --- | --- | --- |
| District of Columbia | $5.09 | $5.09 |
| New York | $4.93 | $4.93 |
| California | $4.92 | $4.92 |
| New Jersey | $4.88 | $4.88 |
| Washington | $4.83 | $4.83 |
| Massachusetts | $4.79 | $4.79 |
| Hawaii | $4.75 | $4.75 |
| Connecticut | $4.72 | $4.72 |
| Florida | $4.67 | $4.67 |
| Maryland | $4.54 | $4.54 |
| Colorado | $4.53 | $4.53 |
| Illinois | $4.51 | $4.51 |
| Oregon | $4.47 | $4.47 |
| New Hampshire | $4.46 | $4.46 |
| Alaska | $4.45 | $4.45 |
| Rhode Island | $4.44 | $4.44 |
| Puerto Rico | $4.38 | $4.38 |
| Virgin Islands | $4.38 | $4.38 |
| Montana | $4.34 | $4.34 |
| Nevada | $4.29 | $4.29 |
| Pennsylvania | $4.29 | $4.29 |
| Delaware | $4.26 | $4.26 |
| Texas | $4.26 | $4.26 |
| Wyoming | $4.26 | $4.26 |
| Michigan | $4.23 | $4.23 |
| Georgia | $4.22 | $4.22 |
| Minnesota | $4.22 | $4.22 |
| Virginia | $4.18 | $4.18 |
| Arizona | $4.17 | $4.17 |
| North Dakota | $4.14 | $4.14 |
| Vermont | $4.14 | $4.14 |
| South Dakota | $4.12 | $4.12 |
| New Mexico | $4.08 | $4.08 |
| Utah | $4.07 | $4.07 |
| Maine | $4.04 | $4.04 |
| Louisiana | $4.01 | $4.01 |
| Missouri | $4.01 | $4.01 |
| Ohio | $4.00 | $4.00 |
| South Carolina | $3.99 | $3.99 |
| West Virginia | $3.96 | $3.96 |
| North Carolina | $3.95 | $3.95 |
| Wisconsin | $3.94 | $3.94 |
| Indiana | $3.88 | $3.88 |
| Kentucky | $3.87 | $3.87 |
| Idaho | $3.85 | $3.85 |
| Oklahoma | $3.84 | $3.84 |
| Nebraska | $3.83 | $3.83 |
| Tennessee | $3.82 | $3.82 |
| Iowa | $3.80 | $3.80 |
| Kansas | $3.79 | $3.79 |
| Alabama | $3.70 | $3.70 |
| Mississippi | $3.70 | $3.70 |
| Arkansas | $3.61 | $3.61 |

## Related codes

- 94002: Ventilation assist management, hospital inpatient, initial day — https://www.med-reveal.com/rates/94002-cpt-fee-schedule
- 94003: Ventilation assist management, hospital inpatient, each subsequent day — https://www.med-reveal.com/rates/94003-cpt-fee-schedule
- 94010: Spirometry, including graphic record — https://www.med-reveal.com/rates/94010-cpt-fee-schedule
- 94060: Bronchodilation responsiveness, spirometry pre and post — https://www.med-reveal.com/rates/94060-cpt-fee-schedule
- 94070: Bronchospasm provocation evaluation, multiple spirometric determinations — https://www.med-reveal.com/rates/94070-cpt-fee-schedule
- 94150: Vital capacity, total (separate procedure) — https://www.med-reveal.com/rates/94150-cpt-fee-schedule
- 94200: Maximum breathing capacity, maximal voluntary ventilation — https://www.med-reveal.com/rates/94200-cpt-fee-schedule
- 94375: Respiratory flow volume loop — https://www.med-reveal.com/rates/94375-cpt-fee-schedule

Commercial negotiated rates for 94761 by payer and state: https://www.med-reveal.com/solutions/rate-benchmarking

## Sources

- CMS Medicare fee schedules (2026 Q4): https://www.cms.gov/medicare/payment/fee-schedules