The definitions for the applicable HCPCS codes are presented below. The first code (0295T) should be thought of as a "global" service which includes each of the other three.
Under the physician fee schedule, codes 0295T - 0298T are contractor priced. The contractor payment rates for these services were previously gathered and are presented below. Most Medicare Administrative Contractors do not have published payment rates for these services. This is probably why Zio Patch had a marketing effort focused on the subset of states with published payment rates that were favorable.
The following commentary confirms what we previously discussed regarding the fact that CPT/HCPCS codes are reported by hospital outpatient departments and that these are mapped to applicable Ambulatory Payment Classifications (APCs).
0296T & 0297T (the non-physician work components) map to APC 5734.
The 2018 physician fee schedule, click below for full copy, indicates that the payment rate for services in provider-based hospital departments is cut by 60%.