Healthcare Coverage

Cancer treatment systems get 37% boost in reimbursement

Published in Lab Law Weekly, December 16th, 2005

BSD Medical Corp. (BSM) reported that the Centers for Medicare and Medicaid Services (CMS) has announced an approximate 37% increase in the reimbursement rate for all of the CMS codes applicable to the use of BSD cancer treatment systems for hospital outpatient procedures, which constitute the majority usage for BSD's cancer systems.

CMS reimbursement rates generally set the standard for the payment schedules used by commercial insurance carriers as well. The new reimbursement rates become effective January 1, 2006. BSD considers this increase in reimbursement a major boom in its ongoing effort to commercialize its cancer therapy systems, increasing the financial...

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Source: Lab Law Weekly (2005-12-16)

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