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Updated July 1st, 2026

ERAXIS (WATER DILUENT) J Code: J0348

Injection, anidulafungin, 1 mg

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Q4 2026 Medicare Payment Limit for J0348, effective October 1, 2026: $0.452 per HCPCS billing unit, down 7.0% from $0.486. From CMS's final file.

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Medicare Payment Limit ?
$0.486
/ HCPCS billing unit · Q3 2026
APC Payment Limit ?
Not published
CMS publishes none for Q3 2026
ASP ?
$•••.••
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WAC · AWP ?
$•••.••
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NDCs Crosswalked ?
3
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Drug & Product Overview

HCPCS Descriptor Injection, anidulafungin, 1 mg
HCPCS Added Date January 1, 2007
Manufacturer Pfizer
Route of Administration Intravenous
Generic Status Single-Source; Branded
Dosage Type Single-Dose
Dosage Form Injection, Powder, Lyophilized, For Solution

About ERAXIS (WATER DILUENT)

Eraxis (water Diluent) is a medication aligned to the HCPCS J Code: J0348 for billing, pricing, and reimbursement purposes in the United States. This Anti-Fungal medication is administered via the intravenous route and manufactured by Pfizer.

According to CMS Drug Use Information: This medication is used to treat a variety of fungal infections. Anidulafungin belongs to a class of drugs known as echinocandins. It works by stopping the growth of fungi.

Disclaimer: This is a summary and does not contain all possible information about this product. For complete information about this product or your specific health needs, ask your healthcare professional.

NDC Code Information

Based on publicly available CMS files. The list of NDCs below is not exhaustive.

NDC Code Drug Manufacturer Billing Units / Pkg Package Size
00049-0114-28 Eraxis Roerig 50 50 MG / 15 ML
00049-0116-28 Eraxis Roerig 100 100 MG / 30 ML
00049-2242-01 Eraxis Roerig 100 100 MG / 30 ML
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ERAXIS (WATER DILUENT) Pricing & Reimbursement

J0348 Private Payer Reimbursement
$0.71 / HCPCS unit as of Jan 2026

National median reimbursement across major commercial payers.

Create an account on PayerPrice for more information →
UnitedHealthcare, BlueCross BlueShield, Aetna, Cigna

Historical Graphing and Billing Calculator

per HCPCS unit
As of Q3 2026

ERAXIS (WATER DILUENT) CPT Administration Codes

The below list of CPT codes is intended for informational purposes only and may not be exhaustive. CPT® codes and descriptions are copyright American Medical Association (AMA). All rights reserved.

CPT Code Description
96365 Intravenous infusion, for therapy, prophylaxis, or diagnosis (specify substance or drug); initial, up to 1 hour
96366 Intravenous infusion, for therapy, prophylaxis, or diagnosis (specify substance or drug); each additional hour (List separately in addition to code for primary procedure)
Not on the CMS JW / JZ list

CMS does not include Eraxis (water Diluent) (J0348) on its list of HCPCS pertaining to single-dose containers. Per CMS guidelines, the JZ/JW wastage modifiers may not apply when billing J0348. Wastage billing guide →

ERAXIS (WATER DILUENT) Medically Unlikely Edits (MUE)

The most billing units of J0348 Medicare will pay for one patient in one day, as published by CMS. 1 unit = 1 mg.

Practitioner Office & Hospital Outpatient
200 units / day
= 200 mg per day

MAI 3 · Date of Service Edit: Clinical. Per-day limit based on clinical expectations; excess units are denied but may be appealed with documentation of medical necessity. See all MUE limits →

mg Enter a dose to see how many billing units it is and whether it is under the limit.

ERAXIS (WATER DILUENT) Clinical Information

Indications and drug classification.

Treated Diseases & Conditions

This list of indications is not exhaustive and may be subject to errors. The information on BuyandBill.com is intended for informational purposes only and should not be used for medical advice.

Candidemia and other Candida infections (intra-abdominal abscess and peritonitis) Esophageal Candidiasis
Drug Class
Echinocandin Antifungal [EPC]Lipopeptides [CS]

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Frequently Asked Questions

Is there an available Eraxis (Water Diluent) billing and coding guide?
Our team has not identified a manufacturer-published source of billing and coding information for ERAXIS (WATER DILUENT).
Are there any available Eraxis (Water Diluent) patient assistance programs?
ERAXIS (WATER DILUENT) patient assistance information can be found through Pfizer. Visit Here →
Where can I find Eraxis (Water Diluent) prescribing information?
ERAXIS (WATER DILUENT) prescribing information can be found at the link below: Visit Here →
Where can I find Eraxis (Water Diluent) side effect information?
Our team has not yet identified a source of side effects information for ERAXIS (WATER DILUENT). Please check back in a few weeks.
Does billing ERAXIS (WATER DILUENT) require JZ/JW wastage modifiers?
CMS does not include ERAXIS (WATER DILUENT) (J0348) on its list of HCPCS pertaining to single-dose containers. Per CMS guidelines, the JZ/JW wastage modifiers may not apply when billing J0348. For more information, visit the link below.

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