Specialty Surgeon Complete Packaged Procedure. Knee Arthroscopy is surgery that is done to check for problems, using a tiny camera to see inside your knee. Other medical instruments may also be inserted to repair your knee.The procedure is performed for torn meniscus, a torn or damaged anterior cruciate ligament (ACL) or posterior cruciate ligament (PCL), inflamed or damaged lining of the joint, misalignment of the kneecap and small pieces of broken cartilage in the knee joint. Treatment cost includes the facility fee, physician’s fee, cost of drugs and any related medical procedures required to administer the plan of care. Not included are diagnostic studies, consultations with additional specialists and cost of complication management; travel, food and lodging.