Question: New Jersey Subscriber Answer: No separate CPT code exists for otowick placement, it is part of the E/M (such as 99201-99205, Office or other outpatient visit for the evaluation and management of a new patient ...). If the physician uses a binocular microscope, however, you can report 92504 (Binocular microscopy [separate diagnostic procedure]) for the placement. You should report 92504 only if the value of the procedure (relative value units, or RVUs) does not incorporate the use of the microscope in the calculation. Be careful: