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Arizona Subscriber. Answer: The code for pulse oximetry is CPT 94760 (noninvasive ear or pulse oximetry for oxygen saturation; single determination). The answer to whether you can bill for pulse oximetry separately depends in part on the payer.Many Medicaid carriers consider pulse oximetry to be a part of the care rendered to the patient, and not separately billable. Some commercial payers do not bundle this service with E/M codes, so you can bill for it separately.he answer to whether you can bill for pulse oximetry separately depends in part on the payer. Many Medicaid carriers consider pulse oximetry to be a part of the care rendered to the patient, and not separately billable. Some commercial payers do not bundle this service with E/M codes, so you can bill for it separately.
What Does a Pulse Oximeter Reading Mean. Pulse oximeter is a medical device you can use if you want to know the level of saturation of oxygen in your blood. The readings produce by this device are accompanied by the respiratory rate as well as by the percentage of oxygen a person is able to breathe in.here is this model of pulse oximeter known as finger pulse oximeter. This model is able to measure the saturation of hemoglobin together with the oxygen. In a normal situation, each gram of hemoglobin holds 1.34 milliliters of oxygen. The percentage is based on this normal reading.