# CPT 95940: Intraoperative neurophysiology testing, each 15 minutes

Medicare CPT 95940 pays $26.72 in a non-facility setting and $26.72 in a facility setting under the 2026 Medicare Physician Fee Schedule, before geographic adjustment. After geographic adjustment, state amounts run from $25.43 in Arkansas to $36.66 in Alaska, a 44% spread.

Web page: https://www.med-reveal.com/rates/95940-cpt-fee-schedule
Section: Medical and Therapeutic Services

## Medicare rates

| | Amount |
| --- | --- |
| National non-facility | $26.72 |
| National facility | $26.72 |
| Conversion factor | 33.4009 |
| Release | 2026 Q4 (effective 2026-10-01) |

## By state

| State | Non-facility | Facility |
| --- | --- | --- |
| Alaska | $36.66 | $36.66 |
| District of Columbia | $28.93 | $28.93 |
| New York | $28.69 | $28.69 |
| New Jersey | $28.55 | $28.55 |
| California | $28.02 | $28.02 |
| Washington | $27.94 | $27.94 |
| Massachusetts | $27.84 | $27.84 |
| Connecticut | $27.77 | $27.77 |
| Florida | $27.69 | $27.69 |
| Illinois | $27.51 | $27.51 |
| Maryland | $27.30 | $27.30 |
| Rhode Island | $27.18 | $27.18 |
| Colorado | $27.11 | $27.11 |
| Hawaii | $27.08 | $27.08 |
| Oregon | $26.91 | $26.91 |
| Pennsylvania | $26.86 | $26.86 |
| New Hampshire | $26.83 | $26.83 |
| Michigan | $26.79 | $26.79 |
| Puerto Rico | $26.77 | $26.77 |
| Virgin Islands | $26.77 | $26.77 |
| Montana | $26.72 | $26.72 |
| Georgia | $26.69 | $26.69 |
| Texas | $26.67 | $26.67 |
| Delaware | $26.65 | $26.65 |
| Nevada | $26.56 | $26.56 |
| Wyoming | $26.46 | $26.46 |
| New Mexico | $26.45 | $26.45 |
| West Virginia | $26.41 | $26.41 |
| Arizona | $26.40 | $26.40 |
| Virginia | $26.33 | $26.33 |
| Louisiana | $26.28 | $26.28 |
| Utah | $26.28 | $26.28 |
| Missouri | $26.24 | $26.24 |
| Ohio | $26.23 | $26.23 |
| Minnesota | $26.18 | $26.18 |
| Vermont | $26.17 | $26.17 |
| South Carolina | $26.14 | $26.14 |
| North Dakota | $26.13 | $26.13 |
| Maine | $26.10 | $26.10 |
| South Dakota | $26.06 | $26.06 |
| Kentucky | $26.01 | $26.01 |
| North Carolina | $25.98 | $25.98 |
| Oklahoma | $25.89 | $25.89 |
| Indiana | $25.79 | $25.79 |
| Wisconsin | $25.79 | $25.79 |
| Idaho | $25.74 | $25.74 |
| Tennessee | $25.74 | $25.74 |
| Kansas | $25.68 | $25.68 |
| Mississippi | $25.67 | $25.67 |
| Nebraska | $25.66 | $25.66 |
| Iowa | $25.63 | $25.63 |
| Alabama | $25.58 | $25.58 |
| Arkansas | $25.43 | $25.43 |

## Related codes

- 95700: EEG continuous recording, setup, monitoring, and review, each 24 hours — https://www.med-reveal.com/rates/95700-cpt-fee-schedule
- 95705: EEG monitoring without video, 2-12 hours, unmonitored — https://www.med-reveal.com/rates/95705-cpt-fee-schedule
- 95717: EEG continuous recording with video, 2-12 hours, physician review — https://www.med-reveal.com/rates/95717-cpt-fee-schedule
- 95782: Polysomnography, patient younger than 6 years, with video — https://www.med-reveal.com/rates/95782-cpt-fee-schedule
- 95805: Multiple sleep latency or maintenance of wakefulness testing — https://www.med-reveal.com/rates/95805-cpt-fee-schedule
- 95806: Sleep study, unattended, respiratory effort, airflow, and oximetry — https://www.med-reveal.com/rates/95806-cpt-fee-schedule
- 95807: Sleep study, attended, simultaneous recording of ventilation and heart rate — https://www.med-reveal.com/rates/95807-cpt-fee-schedule
- 95808: Polysomnography, sleep staging with 1-3 additional parameters — https://www.med-reveal.com/rates/95808-cpt-fee-schedule

Commercial negotiated rates for 95940 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