CPT code 95148: Venom antigen preparation2026 Medicare rate & RVUs

Medicare pays $89.18 for 95148 nationally in the office and $2.67 in a hospital or facility. Local office rates run $76.77–$127.63.

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

What 95148 covers

This service covers the allergy practice’s supervised preparation and provision of a venom immunotherapy dose containing four distinct stinging-insect venoms. It is used for patients receiving desensitization treatment for insect-sting allergy, commonly under an allergist’s direction in an allergy office. The venoms may come from different stinging insects, such as bees, yellow jackets, wasps, or hornets; the code selection follows the number of venoms in the dose, not the number of injections given at that visit.

Report one unit for each dose prepared and provided with four venoms. Documentation should identify the prescribed venom immunotherapy, the four venoms included, the dose or doses prepared, and the professional oversight. This code represents antigen preparation and provision, not administration of the injection. When the patient receives immunotherapy injections, report the applicable injection-administration service separately, such as 95115 for one injection or 95117 for two or more injections. CMS lists no payment rules for this code in the supplied facts.

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.

Where 95148 pays more and less

The same RVUs, adjusted for each area’s costs. Open a locality for its calculation, history and nearby areas.

109 of 109 payment localities

95148 rates by state

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

How the 95148 rate is calculated

Each of 95148’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.

Payment rules and modifiers for 95148

95148 has no global surgery period, no multiple-procedure, bilateral or assistant-at-surgery adjustment, and no professional/technical split. What changes the payment is where the service happens: the place of service on the claim decides whether Medicare pays the office or the facility rate.

95148 compared with similar codes

How to choose

95147Antigen preparation

95147 is for a dose containing three stinging-insect venoms; 95148 is for four.

95149Venom antigen preparation

95149 is for a dose containing five stinging-insect venoms; 95148 is for four.

95165Allergy extract preparation

95165 applies to allergen treatment sets, not a dose selected by the number of stinging-insect venoms.

95117Allergy shots

95117 reports administration of two or more immunotherapy injections. 95148 reports supervised preparation and provision of a four-venom dose.

Codes related to 95148

Related codes aren’t interchangeable: bill the code that matches the service performed.

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

Open CMS sourceHow we calculate rates