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    Spectrum Lab Corp — Billing Profile & Reimbursement Data

    NPI 1629732052 · Niles, IL · Clinical Medical Laboratory

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    Spectrum Lab Corp is a clinical medical laboratory provider located in Niles, Illinois. This profile covers 3 Medicare and 3 Medicaid CPT/HCPCS procedure codes, with claims volume, average reimbursement, and total revenue by code, benchmarked against other providers billing the same services.

    Provider details (source: NPPES NPI Registry)

    FieldValue
    Entity TypeOrganization
    OrganizationSpectrum Lab Corp
    Address7958 N Waukegan Rd
    CityNiles
    StateIL
    ZIP60714
    TaxonomyClinical Medical Laboratory
    NPI EnumeratedOctober 22, 2021

    Lifetime revenue by payer source (source: CMS Medicare & Medicaid claims data)

    Payer SourceTotal Paid
    Medicare$4.8M
    Medicaid$44.6K

    Key Findings

    This provider’s Medicare business dwarfs its Medicaid activity: lifetime Medicare revenue is $4.8M versus total Medicaid revenue of $44.6K, indicating Medicare is effectively the dominant payer for this entity. The scale difference suggests the organization’s contracted or reimbursed services are focused primarily on fee-for-service Medicare channels rather than state Medicaid programs.

    Revenue is highly concentrated in a very small set of codes for both payers: the top three Medicare codes account for 100.0% of the provider’s total Medicare revenue, and the top three Medicaid codes account for 100.0% of the provider’s total Medicaid revenue. This concentration implies limited service-line diversity in billed procedures and a dependency on a narrow set of billable activities.

    The code mix and taxonomy align with a laboratory operation heavily oriented toward COVID-19 testing and related specimen services: K1034 (provision of nonprescription self-administered COVID-19 tests), U0003 (NAAT for SARS-CoV-2), and G2023 (specimen collection for SARS-CoV-2) comprise the top billings. Given the provider’s listed taxonomy as a Clinical Medical Laboratory, these codes indicate its primary service line is testing distribution and processing rather than broader clinical laboratory panels.

    K1034 dominates the Medicare picture: the provider reported 396.7K claims for K1034, $12 avg paid/claim, and $4.8M revenue — which represents 100.0% of its Medicare revenue and ranks #96 of 30143 providers nationally (100th percentile; extreme outlier). This rank and volume position SPECTRUM LAB CORP as a national outlier and a major volume processor/distributor specifically for K1034-style nonprescription COVID-19 test provisioning.

    Other Medicare codes are negligible by comparison: U0003 and G2023 each show only 20 claims on Medicare with $1.5K and $460 in revenue respectively, and are characterized as typical, unremarkable volumes. Those low counts confirm that the Medicare footprint is overwhelmingly concentrated in K1034 activity rather than high-throughput laboratory NAAT testing or specimen collection billed to Medicare.

    On Medicaid the top code is U0003 (448 claims, $73 avg paid/claim, $32.7K revenue), which accounts for 73.3% of this provider’s Medicaid revenue, with G2023 at 23.0% ($10.3K) and K1034 at 3.7% ($1.7K). In-state rankings for these Medicaid codes are middle-of-pack (e.g., U0003 ranks #173 of 350, 51th percentile), indicating the provider is a modest participant in state Medicaid COVID testing markets rather than a leading Medicaid lab.

    The provider’s NPI was enumerated on 2021-10-22 (~5 years ago), a relatively recent start date; combined with the outsized K1034 volumes reported on Medicare, this pattern suggests rapid scale-up focused on pandemic-era test provisioning. The recent tenure plus extreme national ranking on K1034 implies growth driven by COVID-19 test distribution rather than long-established, diversified laboratory billing relationships.

    Operational and reimbursement sensitivity is a material business consideration: because 100.0% of Medicare revenue is driven by the top three codes (with K1034 alone generating the full Medicare revenue total), changes in policy or reimbursement for nonprescription COVID-19 tests or related billing rules could disproportionately affect overall revenue. Similarly, the small absolute Medicaid revenue ($44.6K) means state-level policy shifts would have limited immediate Medicaid downside but do not offset Medicare concentration risk.

    Medicare: Total Revenue Breakdown by CPT/HCPCS Code

    Medicare revenue breakdown by CPT/HCPCS procedure code.

    View: Bar Chart1 / 2

    Medicare: Complete Services Breakdown

    The CPT/HCPCS codes generating the most Medicare revenue for this provider.

    3 rows

    CPT/HCPCS CodeDescriptionClaimsAvg PaidRevenue
    K1034Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count396,700$10$4.8M
    U0003Infectious agent detection by nucleic acid (dna or rna); severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), amplified probe technique, making use of high…20$70$1.5K
    G2023Specimen collection for severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), any specimen source20$20$460

    Medicare: Competitive Analysis & Benchmarks

    How this provider's Medicare billing volume and revenue compare to other providers nationally and within its state, across 3 CPT/HCPCS codes.

    View: State1 / 2

    Full comparison — all codes billed, vs. state median

    3 rows

    CPT/HCPCS CodeRankProvider CountMedian ClaimsAvg PaidAverage Revenue
    K1034281,150720$10$414.9K
    U000390100230$70$249.1K
    G20238690400$20$96.5K

    Medicaid: Total Revenue Breakdown by CPT/HCPCS Code

    Medicaid revenue breakdown by year and by CPT/HCPCS procedure code, including monthly billing trends and the top codes driving revenue.

    View: By Year1 / 3

    Medicaid: Complete Services Breakdown

    Every CPT/HCPCS code this provider has billed to Medicaid, with claims volume, average payment, and total revenue.

    3 rows

    CPT/HCPCS CodeDescriptionClaimsAvg PaidRevenue
    U0003Infectious agent detection by nucleic acid (dna or rna); severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), amplified probe technique, making use of high…450$70$32.7K
    G2023Specimen collection for severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), any specimen source450$20$10.3K
    K1034Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count830$1$1.7K

    Medicaid: Competitive Analysis & Benchmarks

    How this provider's Medicaid billing volume and revenue compare to other Illinois providers billing the same CPT/HCPCS codes.

    Full comparison — all codes billed, vs. Illinois median

    3 rows

    CPT/HCPCS CodeDescriptionRankProvider CountMedian ClaimsAvg PaidAverage Revenue
    U0003Infectious agent detection by nucleic acid (dna or rna); severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), amplified probe technique, making use of high…173350400$70$514.7K
    G2023Specimen collection for severe acute respiratory syndrome coronavirus 2 (sars-cov-2) (coronavirus disease [covid-19]), any specimen source208400550$20$90.8K
    K1034Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count2760660$1$3.2K

    Nearby Providers

    Other providers in the same ZIP code as Spectrum Lab Corp, ranked by combined Medicare and Medicaid revenue.

    ProviderStateTaxonomyMedicare RevenueMedicaid Revenue
    American Scientific Laboratory IncILClinical Medical Laboratory$482.2K$24M
    Ace Medical Supply LLCILDurable Medical Equipment & Medical Supplies$0$10.3M
    Village Of NilesILLand Ambulance$595.4K$8.3M
    Hannan Lab IncILClinical Medical Laboratory$7.4M$209.9K
    Kingsway Home Health Services,incILHome Health Agency$0$7.3M
    Rumya RaoILRetina Specialist (Ophthalmology) Physician$1.7M$2M
    Matthew WesselILRetina Specialist (Ophthalmology) Physician$2.3M$1.3M
    Asian Human Services Family Health Center, IncILFederally Qualified Health Center (FQHC)$0$3.4M
    John EklundILHematology & Oncology Physician$1.3M$8.4K
    Care One Pharmacy Services LLCILLong Term Care Pharmacy$262.5K$856.9K

    Frequently Asked Questions

    References

    1. 1.Medicare Physician & Other Practitioner by Provider and Service. CMS.gov.Provider-level Medicare Part B utilization and payment data.
    2. 2.NPPES NPI Registry. CMS.gov.National Provider Identifier registry used for provider enumeration and taxonomy metadata.

    Trek Health ingests and normalizes Transparency in Coverage data and payer policy updates to give provider organizations a clear view of how commercial reimbursement behaves across markets, payers, and services. Our platform transforms raw payer disclosures into structured intelligence that supports contract evaluation, payer negotiations, and service line strategy. By combining market benchmarks with ongoing policy visibility, Trek helps teams identify variability, risk, and opportunity in commercial reimbursement. The result is faster insight, stronger negotiating positions, and more informed financial decisions.

    Medicare Revenue by CPT/HCPCS Code
    Claims Volume vs. Illinois Distribution
    Spectrum Lab Corp — 1 of 3 codes billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Illinois
    Medicaid Revenue by Year vs. Illinois Providers
    0 of 2 years billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Claims Volume vs. Illinois Distribution
    Spectrum Lab Corp — 0 of 3 codes billed far more than typical (above p95)
    p5–p95 (all providers)p25–p75MedianThis providerOutlier
    Rank Distribution — Illinois