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CPT 20612 · Surgery · Bones, Joints & Muscles

Aspirate/inj ganglion cyst

Ganglion cyst drainage or injection procedures show an 8.0x price variation between Medicare facility rates ($36.92) and hospital outpatient charges ($295.19), making bill verification essential.

By Elena Vasquez , Medical Billing Research Lead · ·
Data from CMS files published FY 2024 CMS IPPS. Refreshed weekly.
About the analyst

Elena Vasquez leads hospital billing pattern analysis at BillRazor Research. She focuses on identifying overcharges, markup outliers, and patient advocacy strategies. Expertise: hospital billing patterns, overcharge analysis, patient advocacy.

Medicare + CMS benchmark data
Publicly available pricing
Updated 2026-04-03
Rate comparison — Aspirate/inj ganglion cyst
Medicare facility$37ASC rate$38Non-facility$99Hospital outpatient$295$258 difference between lowest and highest rate
$37
Medicare facility rate
$99
Non-facility rate
$38
ASC rate
$257
ASC vs hospital gap

Code 20612 covers the drainage of fluid from or injection of medication into a ganglion cyst using a needle. Patients with painful or limiting cysts on joints or tendons typically receive this procedure. Medicare reimburses approximately $150 for this code, though facility charges can reach 8-12 times this benchmark amount.

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Compare by care setting
The same procedure costs different amounts depending on where you receive care.
$295
Hospital Outpatient rate for Aspirate/inj ganglion cyst
Medicare facility benchmark: $37

Common billing errors

Common billing errors in musculoskeletal procedures often involve confusion between arthroscopy codes (29800-29999 series) and open joint procedures (27000-28000 series), where providers may bill the higher-reimbursed open procedure when arthroscopic methods were used. Unbundling frequently occurs with injection procedures, where separate billing for imaging guidance (such as fluoroscopy code 77002) appears alongside joint injection codes that already include guidance in their description. Duplicate charges emerge when both diagnostic and therapeutic arthroscopy codes are billed for the same joint during a single session, despite Medicare's bundling rules. Physical therapy evaluation codes (97161-97163) are commonly duplicated across multiple sessions when only initial evaluations warrant these specific codes. Patients should verify that hardware removal procedures aren't billed separately when performed during the same operative session as implant placement, as these combinations often represent charges above the benchmark for standard bundled procedures. Documentation should clearly support any bilateral procedure modifiers that significantly increase reimbursement rates.

Regional rate comparison — Aspirate/inj ganglion cyst
Top 5 lowest and highest localities by Medicare facility rate
National avg $37REST OF ILLINOIS, IL$43DETROIT, MI$45QUEENS, NY$45MIAMI, FL$56CHICAGO, IL$53NYC SUBURBS/LONG ISLAND, NY$51

Facility rate

$37

National Medicare benchmark

Non-facility rate

$99

Office setting benchmark

Data sources

4

24 data points

Key insights for CPT 20612

ASC vs hospital outpatient savings

$257

Having this done at an ambulatory surgery center costs $38 vs $295 at a hospital outpatient

Facility vs office setting

$62 difference

Facility setting is less expensive for this procedure

What this procedure costs across different settings

The same procedure can cost very different amounts depending on where it's performed. These are the Medicare-allowed amounts — what hospitals actually charge can be 3-10x higher.

SettingMedicare ratevs lowest
Facility (physician office)$37Lowest
Non-facility (office)$99+168%
Outpatient (APC)$295+700%
Ambulatory surgery (ASC)$38+3%

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About this data

Rates shown are from the 2026 Medicare Physician Fee Schedule, Hospital Outpatient Prospective Payment System (OPPS), Ambulatory Surgery Center Payment System, Clinical Laboratory Fee Schedule, Durable Medical Equipment Fee Schedule, and CMS Inpatient Prospective Payment System (DRG weights). Regional adjustments use CMS Geographic Practice Cost Indices (GPCI). Hospital charges are from CMS Hospital Price Transparency machine-readable files. All data is publicly available under federal law (45 CFR Part 180).

This data is for informational purposes only and does not constitute medical or financial advice. Actual costs depend on insurance coverage, negotiated rates, and individual circumstances.

Related procedures

Rates shown are from the 2026 Medicare Physician Fee Schedule and CMS IPPS. BillRazor compares your bill against these data sources. See how it works →

FAQ — Bones, Joints & Muscles billing

What is the typical Medicare reimbursement range for musculoskeletal procedures?
Medicare rates for musculoskeletal procedures involving bones, joints, and muscles range from $10 to $3,497. The average reimbursement across all 1,553 procedures in this category is $684.
How many different musculoskeletal procedures does Medicare cover?
Medicare covers 1,553 different procedures in the musculoskeletal category for bones, joints, and muscles. This comprehensive category includes a wide variety of diagnostic, therapeutic, and surgical interventions with varying complexity levels.
What should I expect for billing variations in musculoskeletal procedures?
Given the wide range from $10 to $3,497 in Medicare rates, there can be significant potential differences between what providers charge and benchmark rates. The variation depends on the specific procedure complexity, with simple diagnostic procedures at the lower end and complex surgical interventions at the higher end of the range.
How does the average Medicare rate compare across the musculoskeletal procedure category?
With an average rate of $684 across all 1,553 musculoskeletal procedures, this represents the midpoint for billing expectations in this category. Procedures may fall significantly above or below this average depending on their complexity and resource requirements.

Related pricing data

Data: Medicare Physician Fee Schedule, CMS Inpatient PPS (IPPS), Outpatient PPS (OPPS), ASC Payment System, Clinical Lab Fee Schedule (CLFS), National Average Drug Acquisition Cost (NADAC). FY 2024 data. All publicly available from CMS.

Methodology: Facility rate applies when the procedure is performed in a hospital or ASC. Non-facility rate applies in a physician office. GPCI adjustments reflect regional cost-of-living differences.

This information is for educational purposes only and is not medical, financial, or legal advice. Actual costs depend on your insurance and provider. We recommend verifying costs directly with your provider. Full methodology · Terms of use

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