CPT code 94681: Gas-exchange analysis, CO2 output and derived measures2026 Medicare rate & RVUs in South Carolina

Reports expired-gas analysis measuring oxygen uptake, carbon dioxide output, oxygen extraction, and derived values at rest or during exercise.

CMS RVU26DEffective Oct 1, 2026One payment locality3K Medicare services in 2024

In South Carolina, Medicare pays $46.73 for 94681 in the office.

$46.73Office (non-facility)
Not available in this settingHospital or facility
−6.7%vs the national office rate ($50.10)

Check a contract rate as a % of Medicare · 94681 nationwide

Medicare allowed amount for participating (non-QP) physicians, before deductible, coinsurance and claim adjustments. Not a patient’s bill or a hospital charge.

We’ll open 94681 for the payment locality that covers the ZIP.

On this page 11 sections
  1. Rate in South Carolina
  2. What 94681 covers
  3. Compared with other areas
  4. Rate map
  5. How it’s calculated
  6. Payment rules
  7. Related codes
  8. Rate history
  9. Where it applies
  10. Billing questions
  11. Sources

What 94681 covers

This test analyzes expired gas to quantify oxygen uptake, carbon dioxide output, oxygen extraction percentage, and related derived values. It may be performed at rest or with exercise, often in a pulmonary function or exercise physiology laboratory when a clinician needs detailed metabolic gas-exchange data. Pulmonary laboratory staff, such as respiratory therapists, typically operate the analyzer, with a qualified professional interpreting the results.

Select 94681 when the performed analysis includes carbon dioxide output, oxygen extraction, and other derived gas-exchange measures; document the test conditions, whether exercise was used, the measurements, and the interpretation. Distinguish it from simpler oxygen-uptake analysis and indirect resting measurement. CMS recognizes professional and technical components: report modifier 26 for interpretation, TC for equipment and staff, or neither modifier for the global service.

This summary was written with AI assistance from CMS physician fee schedule data and checked against the CMS billing rules shown here. Rates on this page come directly from CMS files.

How South Carolina compares for 94681

Across 109 of 109 payment localities, the office rate for 94681 runs from $43.63 in Arkansas to $69.12 in San Benito County, CA. South Carolina pays $46.73. The RVUs are the same everywhere; the geographic indexes change the dollars.

94681 in South Carolina vs other payment areas
  1. South Carolina · this page$46.73
  2. Los Angeles, CA · California$57.80+$11.07
  3. Washington, DC area · District of Columbia$58.13+$11.40
  4. Miami, FL · Florida$53.37+$6.64
  5. Chicago, IL · Illinois$51.66+$4.93
  6. Manhattan, NY · New York$57.99+$11.26
  7. Alaska · Alaska$55.75+$9.02

Other areas in South Carolina first, then benchmark localities. Bars start at $0.

Every other payment area

94681 in every other Medicare payment locality
Payment localityOfficeFacility
AlabamaAlabama$44.36—
ArkansasArkansas$43.63—
ArizonaArizona$48.64—
Bakersfield, CACalifornia$53.91—
Chico, CACalifornia$53.82—
El Centro, CACalifornia$53.83—
Fresno, CACalifornia$53.82—
Hanford, CACalifornia$53.82—

94681 rates by state

Office rate range in each state. Select a state to see its payment localities.

Explore a state

Local rates. Clear comparisons.

Hover or focus a tile to see its rate range. Select it to open the state’s fee schedule.

$43.63

$61.47

Color shows the midpoint of each state’s locality range.

View every state and territory as a table
94681 office rate range by state
State / territoryOffice rate rangeLocalities
AK$55.751
AL$44.361
AR$43.631
AZ$48.641
CA$53.82–$69.1229
CO$52.681
CT$53.711
DC$58.131
DE$49.521
FL$48.74–$53.373
GA$45.71–$51.002
GU$55.491
HI$55.491
IA$45.891
ID$46.181
IL$46.98–$52.074
IN$46.491
KS$45.531
KY$45.311
LA$45.18–$47.732
MA$52.25–$58.492
MD$50.60–$58.133
ME$46.33–$49.352
MI$46.54–$49.302
MN$50.631
MO$44.22–$48.073
MS$43.941
MT$50.101
NC$46.901
ND$49.511
NE$46.211
NH$51.721
NJ$54.37–$57.382
NM$46.781
NV$49.981
NY$47.68–$59.405
OH$46.421
OK$45.341
OR$49.63–$54.662
PA$46.57–$52.152
PR$50.551
RI$51.521
SC$46.731
SD$49.441
TN$45.781
TX$46.21–$52.468
UT$47.451
VA$49.09–$58.132
VI$50.551
VT$49.181
WA$52.20–$59.882
WI$47.631
WV$44.981
WY$49.841

See 94681 in every payment locality

How the 94681 rate is calculated

Each of 94681’s three RVUs is multiplied by a geographic index (GPCI) for the payment locality, added up, and multiplied by the conversion factor. Drag the indexes or enter a ZIP to see what moves the rate.

How the rate is built · 94681

RVUs × geographic indexes × conversion factor

Office or facility?

Work0.20

0.20 RVUs× 1.000 GPCI

Practice expense1.27

1.27 RVUs× 1.000 GPCI

Malpractice0.03

0.03 RVUs× 1.000 GPCI

Adjusted RVUs

1.5000

Conversion factor

$33.4009

Medicare rate

$50.10

Every GPCI starts at 1.000, the national rate. Enter a ZIP or drag a slider.

The exact South Carolina inputs and CMS source lines

PPRRVU2026_Oct_nonQPP.csv

12,424

Code
94681
Physician work
0.20
Practice expense
1.27
Malpractice
0.03

GPCI2026.csv

93

Locality
South Carolina
Physician work
1.000
Practice expense
0.924
Malpractice
0.850
Office calculation for 94681 in South Carolina
ComponentRVULocality factorAdjusted
Physician work0.20× 1.0000.2000
Practice expense1.27× 0.9241.1735
Malpractice0.03× 0.8500.0255
Total RVUs1.3990
Conversion factor× 33.4009

Office rate, South Carolina$46.73

Office: (0.2 × 1 + 1.27 × 0.924 + 0.03 × 0.85) × $33.4009 = $46.73

Open 94681 in the RVU calculator

Payment rules and modifiers for 94681

The CMS indicators that decide how 94681 is paid alongside other services.

CMS payment indicators · 94681

Gas-exchange analysis, CO2 output and derived measures

RuleCMS valueWhat it means
Global periodXXXThe global surgery concept doesn’t apply.
Multiple procedures0No multiple-procedure reduction.
Bilateral (modifier 50)0The 150% bilateral adjustment doesn’t apply.
Assistant at surgery (80/81/82/AS)0Not paid without supporting documentation.
Co-surgeons (62)0Not permitted.
Team surgery (66)0Not permitted.
Professional/technical1Diagnostic test with separate professional (26) and technical (TC) components.

What modifiers do to the payment

Modifier 26 · payment effect

With and without the modifier

94681 without 26 · national office

$50.10

Gas-exchange analysis, CO2 output and derived measures

94681-26 · Professional component

$9.69

Pays only the interpretation and report.

When to use modifier 26

How 94681 has changed in South Carolina

94681 · Office / nonfacility

$46.73

Effective 2026-10-01

The base rate is $3.73 higher than on 2025-10-01, moving from $43.00 to $46.73 (8.7%).

It is unchanged from the immediately preceding available release, effective 2026-07-01.

Base rate by release · bars start at $0 · select a bar to compare

One bar per available release, ordered by effective date. Missing rates remain gaps. These comparisons hold the code, setting and locality identifiers constant; they do not isolate which policy or input caused a change.

What changed, release by release
  1. January 1, 2026

    RVU26A

    $43.00changed to$46.73

    • Conversion factor 32.3465 changed to 33.4009
    • Practice expense RVU 1.21 changed to 1.27
    • Practice expense GPCI 0.913 changed to 0.924
    • Malpractice GPCI 0.817 changed to 0.850

    Held through RVU26B, RVU26C, RVU26D.

  2. January 1, 2025

    RVU25A

    $44.25changed to$43.00

    • Conversion factor 33.2875 changed to 32.3465

    Held through RVU25B, RVU25C, RVU25D.

  3. March 9, 2024

    RVU24AR

    $43.52changed to$44.25

    • Conversion factor 32.7442 changed to 33.2875

    Held through RVU24B, RVU24C, RVU24D.

  4. January 1, 2024

    RVU24A

    $43.55changed to$43.52

    • Conversion factor 33.8872 changed to 32.7442
    • Practice expense RVU 1.17 changed to 1.21
    • Practice expense GPCI 0.908 changed to 0.913
    • Malpractice GPCI 0.756 changed to 0.817
  5. January 1, 2023

    RVU23A

    $45.21changed to$43.55

    • Conversion factor 34.6062 changed to 33.8872
    • Practice expense RVU 1.21 changed to 1.17
    • Malpractice RVU 0.02 changed to 0.03
    • Practice expense GPCI 0.903 changed to 0.908
    • Malpractice GPCI 0.695 changed to 0.756

    Held through RVU23B, RVU23C, RVU23D.

  6. January 1, 2022

    RVU22A

    $47.48changed to$45.21

    • Conversion factor 34.8931 changed to 34.6062
    • Practice expense RVU 1.27 changed to 1.21

    Held through RVU22B, RVU22C, RVU22D.

  7. January 1, 2021

    RVU21A

    $49.24changed to$47.48

    • Conversion factor 36.0896 changed to 34.8931
    • Practice expense GPCI 0.907 changed to 0.903
    • Malpractice GPCI 0.624 changed to 0.695

    Held through RVU21B, RVU21C, RVU21D.

  8. January 1, 2020

    RVU20A

    $51.32changed to$49.24

    • Conversion factor 36.0391 changed to 36.0896
    • Practice expense RVU 1.33 changed to 1.27
    • Practice expense GPCI 0.912 changed to 0.907
    • Malpractice GPCI 0.553 changed to 0.624

    Held through RVU20B, RVU20C, RVU20D.

  9. January 1, 2019

    RVU19A

    $53.56changed to$51.32

    • Conversion factor 35.9996 changed to 36.0391
    • Practice expense RVU 1.40 changed to 1.33

    Held through RVU19B, RVU19C, RVU19D.

  10. January 1, 2018

    RVU18AR1

    $50.51changed to$53.56

    • Conversion factor 35.8887 changed to 35.9996
    • Practice expense RVU 1.31 changed to 1.40
    • Malpractice GPCI 0.634 changed to 0.553

    Held through RVU18B, RVU18C, RVU18D.

  11. January 1, 2017

    RVU17A

    $49.14changed to$50.51

    • Conversion factor 35.8043 changed to 35.8887
    • Practice expense RVU 1.27 changed to 1.31
    • Malpractice GPCI 0.715 changed to 0.634

    Held through RVU17B, RVU17C, RVU17D.

  12. January 1, 2016

    RVU16A

    $49.98changed to$49.14

    • Conversion factor 35.9335 changed to 35.8043
    • Practice expense RVU 1.29 changed to 1.27

    Held through RVU16B, RVU16C, RVU16D.

  13. July 1, 2015

    RVU15C

    $49.73changed to$49.98

    • Conversion factor 35.7547 changed to 35.9335

    Held through RVU15D.

  14. January 1, 2015

    RVU15A

    $47.10changed to$49.73

    • Conversion factor 35.8228 changed to 35.7547
    • Practice expense RVU 1.21 changed to 1.29
    • Practice expense GPCI 0.911 changed to 0.912
    • Malpractice GPCI 0.618 changed to 0.715

    Held through RVU15B.

  15. January 1, 2014

    RVU14A

    $50.46changed to$47.10

    • Conversion factor 34.0230 changed to 35.8228
    • Practice expense RVU 1.40 changed to 1.21
    • Practice expense GPCI 0.909 changed to 0.911
    • Malpractice GPCI 0.520 changed to 0.618

    Held through RVU14B, RVU14C, RVU14D.

  16. January 1, 2013

    RVU13AR

    Earliest loaded release: $50.46

    Held through RVU13B, RVU13C, RVU13D.

Rates in every CMS release
Effective fromOfficeFacilityCMS release
2026-10-01$46.73Not available in this settingRVU26D
2026-07-01$46.73Not available in this settingRVU26C
2026-04-01$46.73Not available in this settingRVU26B
2026-01-01$46.73Not available in this settingRVU26A
2025-10-01$43.00Not available in this settingRVU25D
2025-07-01$43.00Not available in this settingRVU25C
2025-04-01$43.00Not available in this settingRVU25B
2025-01-01$43.00Not available in this settingRVU25A
2024-10-01$44.25Not available in this settingRVU24D
2024-07-01$44.25Not available in this settingRVU24C
2024-04-01$44.25Not available in this settingRVU24B
2024-03-09$44.25Not available in this settingRVU24AR
2024-01-01$43.52Not available in this settingRVU24A
2023-10-01$43.55Not available in this settingRVU23D
2023-07-01$43.55Not available in this settingRVU23C
2023-04-01$43.55Not available in this settingRVU23B
2023-01-01$43.55Not available in this settingRVU23A
2022-10-01$45.21Not available in this settingRVU22D
2022-07-01$45.21Not available in this settingRVU22C
2022-04-01$45.21Not available in this settingRVU22B
2022-01-01$45.21Not available in this settingRVU22A
2021-10-01$47.48Not available in this settingRVU21D
2021-07-01$47.48Not available in this settingRVU21C
2021-04-01$47.48Not available in this settingRVU21B
2021-01-01$47.48Not available in this settingRVU21A
2020-10-01$49.24Not available in this settingRVU20D
2020-07-01$49.24Not available in this settingRVU20C
2020-04-01$49.24Not available in this settingRVU20B
2020-01-01$49.24Not available in this settingRVU20A
2019-10-01$51.32Not available in this settingRVU19D
2019-07-01$51.32Not available in this settingRVU19C
2019-04-01$51.32Not available in this settingRVU19B
2019-01-01$51.32Not available in this settingRVU19A
2018-10-01$53.56Not available in this settingRVU18D
2018-07-01$53.56Not available in this settingRVU18C
2018-04-01$53.56Not available in this settingRVU18B
2018-01-01$53.56Not available in this settingRVU18AR1
2017-10-01$50.51Not available in this settingRVU17D
2017-07-01$50.51Not available in this settingRVU17C
2017-04-01$50.51Not available in this settingRVU17B
2017-01-01$50.51Not available in this settingRVU17A
2016-10-01$49.14Not available in this settingRVU16D
2016-07-01$49.14Not available in this settingRVU16C
2016-04-01$49.14Not available in this settingRVU16B
2016-01-01$49.14Not available in this settingRVU16A
2015-10-01$49.98Not available in this settingRVU15D
2015-07-01$49.98Not available in this settingRVU15C
2015-04-01$49.73Not available in this settingRVU15B
2015-01-01$49.73Not available in this settingRVU15A
2014-10-01$47.10Not available in this settingRVU14D
2014-07-01$47.10Not available in this settingRVU14C
2014-04-01$47.10Not available in this settingRVU14B
2014-01-01$47.10Not available in this settingRVU14A
2013-10-01$50.46Not available in this settingRVU13D
2013-07-01$50.46Not available in this settingRVU13C
2013-04-01$50.46Not available in this settingRVU13B
2013-01-01$50.46Not available in this settingRVU13AR

Price 94681 for an earlier date of service

Where the South Carolina rate applies

South Carolina is a Medicare payment area, not a city. Our Census mapping connects it to 475 cities and communities in South Carolina. Some span more than one payment area; confirm with the service ZIP.

  • Abbeville
  • Abney Crossroads
  • Adams Run
  • Aiken
  • Alcolu
  • Allendale
  • Anderson
  • Andrews

Browse all communities in South Carolina

94681 billing questions

How does 94681 differ from 94680?

94681 captures carbon dioxide output, oxygen extraction, and additional derived gas-exchange values. Use 94680 for the simpler oxygen-uptake analysis described by that code.

Can 94681 be performed without exercise?

Yes. The analysis may be performed at rest or with exercise; document the conditions under which the gas measurements were obtained.

Which modifiers identify the professional and technical components?

Append modifier 26 for the interpretation and TC for the equipment and staff portion. Without either modifier, the claim represents the global service.

Are oxygen uptake and the derived gas measurements separate units?

No. Report the analysis as one service rather than separate units for each gas measurement or derived value.

When would 94621 be a better fit?

94621 describes cardiopulmonary exercise testing with electrocardiographic recording and gas-exchange measurements. Choose it when that broader exercise test is performed rather than an expired-gas analysis alone.

Where these rates come from

FeeBase calculates base physician payments from CMS work, practice-expense and malpractice RVUs, adjusted by each locality’s geographic indexes and the conversion factor. Services without a published rate are labeled, never given a made-up amount. Amounts are Medicare allowed amounts before claim adjustments: not a patient’s bill or a commercial rate.

CMS RVU26D · effective Oct 1, 2026 through the day before Jan 1, 2027

Show the CMS file lines behind this rate
RVUs for 94681PPRRVU2026_Oct_nonQPP.csv, line 12,424 (RVU26D)
Geographic factors for South CarolinaGPCI2026.csv, line 93 (RVU26D)

Open CMS sourceHow we calculate rates

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