M0248 Medicaid reimbursement rate by state (2026)
Intravenous infusion, sotrovimab. Medicaid pays a median of $750.00 for M0248 across 13 states, from $10.00 in Texas to $759.45 in New Mexico.
- States publishing
- 13
- National median
- $750.00units vary by state
- Lowest
- $10.00Texas
- Highest
- $759.45New Mexico
What does Medicaid pay for M0248?
13 state Medicaid programs publish a fee-for-service rate for M0248. The national median is $750.00 (units differ between states). New Mexico pays the most, $759.45, and Texas the least, $10.00 per one time, a 75.9x spread.
M0248 rate by state: highest, middle and lowest
One like-for-like fee-for-service rate per state, ranked. The workspace lists all 13 states with every variant, modifier and effective date.
How to read this table
- Order. States are listed from the highest published rate to the lowest. No single unit is shared by 8 or more states for M0248, so the order is by published amount and is not a like-for-like rank.
- Medicaid rate. The most the state's fee-for-service program pays for one unit, as published. 1 of the 13 states list more than one rate for M0248, by modifier, provider type or setting; the table shows the one that matches the provider level and setting used across states, without add-ons.
- Unit. Of the 13 states, 1 publish M0248 per one time, and 12 schedules print no unit at all (a flat amount per service).
- Per hour. M0248 is not billed in time units in these states, so no hourly figure is shown.
- Managed-care plans. The rule the state sets for its plans on this rate. What each rule means is explained below.
- % of Medicare. No Medicare physician fee schedule amount is on file for M0248, so there is no percentage.
- Source and date. Each Source link opens the state's own document; “since” is the date the rate took effect.
Why M0248 rates differ between states
Published rates for M0248 run from $10.00 in Texas to $759.45 in New Mexico. The two publish it in different units (no unit printed versus one time), so part of that gap is the unit rather than the price. Half the states pay more than the median of $750.00 and half pay less. The usual reasons for a spread like this in physician & professional rates:
- Primary-care and pediatric add-ons, enhanced rates for certain specialties and targeted increases for access problems change individual codes without moving the rest of the schedule.
- Each state sets its own physician conversion factor or fee for every code, and many update them on a state budget cycle rather than on Medicare's calendar.
- Many schedules pay differently by place of service (office versus facility) and by practitioner, and nurse practitioners and physician assistants are often paid a percentage of the physician amount.
Timing matters too. None of the states changed its rate for M0248 in 2026, while 9 states still pay a rate that took effect in 2022 or earlier. A state that has not updated its rate in years will drift down the ranking as others raise theirs.
What managed-care plans pay for M0248
No managed-care plan publishes what it pays for M0248. What is public is the rule each state's plan contracts set, and that rule decides how much the published rate matters when you contract with a plan.
In 2 states, the published rate binds plans: a floor, a pass-through or a state-set rate. In 7 states, plans negotiate and the published rate is a benchmark or out-of-network default. In 1 state, the service is paid outside the plans or through a state-directed payment. The rule for the remaining 3 states is not classified yet.
- Plans negotiate; the published rate applies out of network (7 states). In-network rates can be above or below the published rate. The published rate is the benchmark both sides know, and the fallback if no contract is signed.
- Plans must pay at least the published rate (2 states). The published rate is your floor. Negotiate up from it, and if a plan pays less, the contract provision is the basis for a payment dispute.
- Paid by the state, outside the plans (1 state). Bill the state's Medicaid program, not the plan, at the published rate. There is no plan contract to negotiate for this service.
Plan-negotiated rates are never estimated here. To see the rule and its citation for a particular state, open that state's managed-care page, for example New Mexico managed care.
Units and billing for M0248
M0248 is a billing code in the physician & professional line, billed mostly by physicians, nurse practitioners, physician assistants and other licensed practitioners. This code is billed per service as the state's schedule defines it.
Physician-fee-schedule codes are billed per service: one unit is one occurrence unless the code itself is defined by time or quantity. Where a state publishes separate facility and non-facility amounts, the non-facility (office) amount is usually higher because the practice carries the overhead.
Before billing, confirm the rate, unit and any modifier with the state's current schedule or the plan: the amounts here are as published, not a guarantee of payment.
Frequently asked questions
What does Medicaid pay for M0248?
It depends on the state. Of the 13 states with a published fee-for-service rate, the median is $750.00. New Mexico pays the most ($759.45) and Texas the least ($10.00 per one time).
Which state pays the highest Medicaid rate for M0248?
New Mexico, at $759.45, effective 2025-01-01.
Which state pays the lowest Medicaid rate for M0248?
Texas, at $10.00 per one time, effective 2024-09-01. It publishes the code in a different unit from New Mexico, so compare per unit with care.
What unit is M0248 billed in?
Of the 13 states, 1 publish M0248 per one time, and 12 schedules print no unit at all (a flat amount per service).
Do managed-care plans pay the same rate for M0248?
Not necessarily. In 2 states, the published rate binds plans: a floor, a pass-through or a state-set rate. In 7 states, plans negotiate and the published rate is a benchmark or out-of-network default. In 1 state, the service is paid outside the plans or through a state-directed payment. The rule for the remaining 3 states is not classified yet. Each rule is cited to the plan contract, statute or notice in the workspace.