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Physical therapy Medicare reimbursement rates

Compare selected outpatient therapy base rates before claim-level adjustments.

CMS RVU26DEffective Oct 1, 2026

Enter the ZIP where the service happens.

On this page 6 sections
  1. Find a rate
  2. Nationwide ranges
  3. About this bundle
  4. Payment localities
  5. By specialty
  6. Sources

How these rates vary nationwide

Lowest to highest base rate across CMS payment localities. These are ranges, not national averages.

Current payment ranges across Medicare localities
CodeOffice rangeFacility range
97110$26.97–$37.31109 of 109 localitiesNo supported rate
97112$30.36–$41.95109 of 109 localitiesNo supported rate
97140$25.72–$35.60109 of 109 localitiesNo supported rate
97530$32.08–$45.39109 of 109 localitiesNo supported rate
97535$29.84–$41.43109 of 109 localitiesNo supported rate

All codes in this curated starting bundle. Ranges compare supported rates across payment localities; missing rates are not zero.

Reading this physical therapy bundle

These are unmodified rates for a starting set of therapy services. They help you compare locations and establish a fee-schedule baseline. A visit with several services or units needs additional payment calculations; adding the displayed rates does not produce the payable claim amount.

Therapy MPPR

Same-day therapy units after the practice-expense reduction

  • 97110Therapeutic exerciseunits
  • 97530Therapeutic activitiesunits
  • 97140Manual therapyunits

National payment after MPPR

$100.70

Without the reduction: $120.91 · reduction $20.21 (16.7%)

CodeUnitsPE RVUFullAfter MPPR
9711020.41$58.12$44.42
97530highest PE: 1 unit in full10.60$35.07$35.07
9714010.39$27.72$21.21

Payment notes

  • Reduce practice expense, not the whole fee. For eligible same-day therapy services, the unit with the highest practice expense is paid in full. Subsequent units retain their work and malpractice amounts, but receive half their practice-expense amount.
  • Repeated units also count. Three units of one eligible therapy code can mean one full-rate unit and two reduced units. Splitting those units across claim rows does not create three full-rate services.
  • Assistant reductions are separate. For services with the CQ or CO therapy-assistant modifier, Medicare cuts its own payment by 15% after the MPPR and coinsurance. The allowed amount and the patient's coinsurance don't change, so don't add the two reductions together.

CMS guidance for this service groupCompare a payer offer for these codes97110, 97530 and 97140: how the services differCalculate a therapy visit with MPPR

Choose a payment locality for this bundle

Explore rates by specialty

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

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