How Much Does New Mexico Medicaid Pay for Physical Therapy?
Therapeutic exercises, neuromuscular re-education, and manual therapy covered by Medicaid.
Service Physical Therapy Codes 8
In 2024, New Mexico Medicaid paid an average of $56.76 per physical therapy claim, across 748,842 total claims and 8 procedure codes. That's up 33% from $42.68 in 2018.
This data comes from official HHS Medicaid claims records. See how New Mexico compares to other states →
2024 Summary
Average Payment
$56.76
Total Claims
748,842
Total Paid
$42,503,219.71
Codes Reporting
8
Average Payment Trend
| Year | Avg / Claim |
|---|---|
| 2018 | $42.68 |
| 2019 | $45.83 |
| 2020 | $47.45 |
| 2021 | $46.96 |
| 2022 | $46.14 |
| 2023 | $51.01 |
| 2024 | $56.76 |
Year-over-Year Rates
| Year | Avg / Claim | Total Claims | Total Paid | Codes Reporting |
|---|---|---|---|---|
| 2018 | $42.68 | 598,017 | $25,523,716.97 | 8 |
| 2019 | $45.83 | 615,043 | $28,189,187.57 | 8 |
| 2020 | $47.45 | 492,148 | $23,350,827.04 | 7 |
| 2021 | $46.96 | 623,351 | $29,272,623.29 | 7 |
| 2022 | $46.14 | 657,757 | $30,351,773.53 | 8 |
| 2023 | $51.01 | 727,097 | $37,089,683.13 | 8 |
| 2024 | $56.76 | 748,842 | $42,503,219.71 | 8 |