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Penn Medicine Princeton Medical Center: what a joint replacement costs

Plainsboro, NJ 08536 · CMS Certification Number 310010. What Medicare pays this hospital for knee, hip and shoulder replacement, what it lists, how it compares, and what a surgery center nearby is paid.

Surgery center nearby
$9,144
Princeton Orthopaedic Associates Surgical Suite, 4.3 mi
Outpatient here
$13,909
778 Medicare cases, APC 5115
Inpatient here
$15,970
49 Medicare stays, MS-DRG 470

Medicare prices at Penn Medicine Princeton Medical Center

OperationInpatient paidList priceList ÷ paidOutpatient allowed
Hip or knee replacement$15,970$76,9844.8×$13,909
Shoulder replacement———$19,723
Hip replacement after a fracture (DRG 522)$17,879$93,8265.2×—

Quality

Complications after hip or knee replacement: 5.3% (no different from the national rate). Readmissions: 5.5%. Overall Care Compare rating: 4 of 5 stars. Nonprofit · Acute · 375 beds

New Jersey has a certificate-of-need program that does not cover surgery centers.

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Questions

How much does Medicare pay Penn Medicine Princeton Medical Center for a knee or hip replacement?

In 2024 Medicare paid Penn Medicine Princeton Medical Center an average of $15,970 per inpatient hip or knee replacement stay (MS-DRG 470, 49 stays) and $13,909 per outpatient case (APC 5115, 778 cases).

What is Penn Medicine Princeton Medical Center's list price for a joint replacement?

The hospital's average list (chargemaster) price for an inpatient hip or knee replacement was $76,984, 4.8× what Medicare paid. Almost nobody pays the list price; it matters for uninsured bills and percent-of-charge contracts.

Is a knee replacement cheaper at a surgery center near Penn Medicine Princeton Medical Center?

Yes for Medicare facility payments. Princeton Orthopaedic Associates Surgical Suite, an orthopedic surgery center 4.3 mi away, is paid about $9,144 by Medicare for a knee replacement (CPT 27447), $6,826 less than an inpatient stay at Penn Medicine Princeton Medical Center. Not every patient is a surgery-center candidate.

How does Penn Medicine Princeton Medical Center compare with other New Jersey hospitals?

Medicare paid Penn Medicine Princeton Medical Center less than 69% of the 26 New Jersey hospitals that report inpatient hip or knee replacement.