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C8923 Medicaid reimbursement rates by state

Transthoracic echocardiography with contrast. 7 state Medicaid programs publish a fee-for-service rate for C8923. Rates run from $8.76 in Iowa to $800.90 in Minnesota, with a median of $518.51.

Data as of 2026-10-05. Every rate links to the official document it came from.

States publishing
7
Median rate
$518.51units vary by state
Highest
$800.90Minnesota
Medicare (non-facility)
—not on the physician fee schedule

C8923 rate in every state

One like-for-like fee-for-service rate per state, highest first. Units can differ between states; the per-hour column converts time-based units.

StateMedicaid rateUnitPer hourManaged-care plans% of MedicareSource
MinnesotaAny qualified provider (rate does not vary by provider) · Minnesota Health Care Programs: Medical Assistance (fee-for-service)$800.90since 2017-01-01——Plans negotiate; applies out of network—MHCP Fee Schedule - Current Fee Schedule
MissouriAny qualified provider (rate does not vary by provider) · Missouri MO HealthNet (fee-for-service)$706.66since 2026-07-01——Plans must pay at least this—MO HealthNet fee schedule: Outpatient Ho
New MexicoAny qualified provider (rate does not vary by provider) · New Mexico Medicaid (fee-for-service, HCA Medical Assistance Division)$651.17since 2010-11-01——Plans must pay at least this—OPPS Codes (NM Medicaid Hospital Outpati
ArizonaAny qualified provider (rate does not vary by provider) · Arizona AHCCCS fee-for-service (AIHP, Tribal ALTCS, TRBHA and other FFS members)$518.51since 2021-10-01——Plans negotiate; applies out of network—AHCCCS Outpatient Hospital Fee Schedule
MichiganAny qualified provider (rate does not vary by provider) · Michigan Medicaid (fee-for-service)$418.87since 2026-07-01——Plans negotiate; applies out of network—MDHHS OPPS payment rates, July 2026
ConnecticutAny qualified provider (rate does not vary by provider) · Connecticut Medicaid / HUSKY Health (fee-for-service, CMAP)$8.76since 2026-01-01——Not classified—CMAP Addendum B - OPPS Payment Type by P
IowaAny qualified provider (rate does not vary by provider) · Iowa Medicaid (fee-for-service schedules; the floor IA Health Link plans must pay)$8.76since 2026-01-01——Plans must pay at least this—Iowa Medicaid Addendum B (CY 26-Janaury)

Rates are per the unit shown for each state; units can differ between states. Medicare amounts are computed from the CMS relative value file and locality cost indices with the CMS formula; states with several Medicare localities show a range. Confirm rates with the payer before billing.

Frequently asked questions

What does Medicaid pay for C8923?

It depends on the state. Of the 7 states with a published fee-for-service rate, the median is $518.51. Minnesota pays the most ($800.90) and Iowa the least ($8.76).

Which state pays the highest Medicaid rate for C8923?

Minnesota, at $800.90, effective 2017-01-01.

Do managed-care plans pay the same rate for C8923?

Not necessarily. Each state's plan contracts decide whether plans must pay at least the fee-for-service rate, pay a state-set rate, or negotiate their own. The table shows the rule for each state, cited to the contract or statute.

Related Hospital outpatient codes

Track C8923 in your statesYour codes on one rate card: every payer's rule, Medicare comparison, rank and rate changes.
Medicaid rates by state