CPT 29876: Arthroscopic Major Synovectomy of Knee
Medicare pays $627 and commercial payers pay $2415 on average nationally for this procedure.
CPT code 29876 describes an arthroscopic major synovectomy of the knee in which the provider inspects the intra-articular structures and excises inflamed or damaged synovial tissue from two or more compartments (medial, lateral, or both), relieving pain and improving range of motion; this is a surgical arthroscopy procedure typically performed in an ambulatory surgery center or hospital operating room using an arthroscope and specialized instruments.
For related coverage guidance, see recent payer policy updates: Intravenous Anesthetics for the Treatment of Chronic Pain and Psychiatric or Substance Use Disorders, Intravenous Anesthetics for the Treatment of Chronic Pain and Psychiatric or Substance Use Disorders, Intravenous Anesthetics for the Treatment of Chronic Pain and Psychiatric or Substance Use Disorders.
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National Reimbursement Benchmarks
Medicare's mean rate of $627 sits notably below BUCA's average commercial mean of $2,414.90, showing that commercial arrangements captured by BUCA pay, on average, nearly four times Medicare for CPT 29876. That gap underscores a substantial differential between government reimbursement and the higher commercial-market mean represented by BUCA.
Dispersion measured by the interquartile range (P75–P25) varies meaningfully across payers. Blue Cross Blue Shield has the widest IQR at $2,747.30 (P75 $4,537.10 minus P25 $1,790.80), indicating large variability in contracted commercial rates. Aetna and UnitedHealth Group have moderate spreads of $643.50 and $730.90 respectively. Cigna is tighter with an IQR of $720.20, while BUCA’s IQR of $1,873.50 reflects substantial but smaller dispersion than BCBS. Medicare’s IQR is narrow at $56 (P75 $652 minus P25 $596).