RE: Reimbursement3 Oct 2023 07:33
Despite the AMA's commitment to issuing CPT codes in a timely manner it is often a difficult task for companies to navigate the process and it can take up to 2 years.
OBD's management believes that the speed of issuance of the CPT code demonstrates that the payor groups recognize how important PSE is for screening, not only for the patients, but also for the savings to the medical industry.
"A unique code is critical to the reimbursement process," said Thomas Guiel, OBD's Chief Operating Officer. "With the code issued at this early stage of the test introduction, we are in a good place to drive adoption of this highly accurate test. Effective on 1 January for all requests for insurance reimbursement, whether from Medicare, Medicaid or private payors, this unique code will enable discussions regarding coverage decisions as well as negotiating the reimbursement rate."
Usual process can take up to two years, OBD obtained within a few weeks, tells me everything I need to know really!
Fantastic for holders not so much for Vaiter