Q:

What was the Medicare allowed amount for 2014?

A:

Quick Answer

According to the Center for Medicare and Medicaid Services, the allowed amount for a new patient visit ranged from $43 to $54 in 2014, depending on the place providing the service. The allowed amount varied depending on the type of procedure and the facility that provided the service.

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Full Answer

The allowed amount for a heart valve procedure in 2014 ranged from $1400 to $1607. The allowed amount for each service depends on a variety of factors, including the time it takes to perform the service, the amount of expertise involved in performing the service, and the overhead costs involved, such as necessary assistant services and required equipment.

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