RE: Share price prediction28 Apr 2024 20:43
Looking into what the cpt codes are and it could explain why we’re valued so low and revenue wise isn’t where many thought it would be by now. From what I’ve read and assuming from the vague information passed down to us we only have a category 3 code and are trying to get a category 1. So hence the drop in price as many would have thought now we have deals with major imaging players the cash would simply roll in. But the spanner in the works which they have explained vaguely although we are still not sure who what and when we will get it, is the code is needed. Once they receive it then we could see a boost in earnings but it’s just more jam tomorrow unfortunately in my opinion.
Different Types of CPT Codes and Their Significance
CPT codes can be broadly categorized into three types: Category I, Category II, and Category III codes.
Category I codes are the most common and widely used. They describe medical procedures and services that are recognized and performed by healthcare professionals regularly. These codes undergo regular updates and revisions to keep up with advancements in medical technology and practices.
Category II codes are optional additional codes used for performance measurement and quality reporting. They are not used for billing purposes but serve as supplementary information to track and evaluate the quality of healthcare services provided.
Category III codes, also known as temporary codes, are used for emerging technologies, procedures, and services that are still undergoing evaluation. These codes are often used for research and data collection purposes and may eventually be promoted to Category I status if they gain widespread acceptance.
Each category of CPT code serves a specific purpose and contributes to the accuracy and efficiency of medical billing and documentation.
Tyke I can see in my crystal ball more ups and downs. But unfortunately more downs until a clear road map of what they’re looking to achieve but don’t hold your hopes we will see one as that will spoil their game of rinse and repeat. We’re almost halfway through 2024 and we’re none the wiser of what if anything has happened to the extra patients enrolled on the trail at the end of last year.
We know more about what we don’t know than what we do know about what we do know. If that makes sense.
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