94729 is the CPT code for: Test to examine how well the lungs exchange gases. In 2024, 8,994 providers billed 94729 955,430 times, with an estimated $25.1M paid by Medicare.
Medicare's 2026 Physician Fee Schedule national rate for 94729 is $63.46 in the office setting. National amounts before geographic adjustment — your locality's rate differs slightly.
What Medicare actually paid per service in 2024, on average: $26.31 (observed payment across all settings and modifiers — not a fee-schedule rate).
The top 5 billers nationally, ranked by 2024 Medicare service volume.
| # | Provider | Specialty | Location | Services | Est. Medicare paid |
|---|---|---|---|---|---|
| 1 | Jason Karp, MD | Pulmonary Disease | Lake Success, NY | 2,377 | $124K |
| 2 | Robert Wise, M.D. | Pulmonary Disease | Baltimore, MD | 1,492 | $16K |
| 3 | David Jawahar, MD | Pulmonary Disease | Dover, DE | 1,484 | $62K |
| 4 | James Tolle, MD | Allergy/ Immunology | Nashville, TN | 1,335 | $8K |
| 5 | Carlos Silva, M.D. | Pulmonary Disease | Chesapeake, VA | 1,288 | $50K |
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