Augmenix touts AMA code, CMS reimbursement for SpaceOar

Augmenix said today that the American Medical Association established a Current Procedural Terminology code for its SpaceOar hydrogel and similar devices, with the Centers for Medicare and Medicaid Services setting a payment rate for procedures with the injectable. The Bedford, Mass.-based company said that the AMA established CPT code 55874 for the periprostatic implantation of biodegradable materials, which SpaceOar will be billed under. The code is set to go into effect January 1, 2018. Augmenix also noted that CMS promulgated their 2018 Medicare Hospital Outpatient Prospective Payment System rule to provide an average reimbursement of $3,706 for outpatient departments and an average of $1,757 for ambulatory service centers that use the AMA code for procedures with the SpaceOar. The rules will also provide an average of $3,797 when the procedure is performed in a physician’s office. The SpaceOar is designed to separate the prostate from the rectal wall during radiation treatment for prostate cancer, the Belford, Mass.-based company said. The device is delivered through a small needle as a liquid, which then solidifies into a soft gel that expands the space between the prostate and rectum during radiotherapy. The substance then liquefies and is absorbed and cleared from the body in the patient’s urine, Augmenix said. “CMS’ decision represents a significant step forward for the thousands of patients undergoing prostate cancer radiation therapy, as well as t...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Oncology Augmenix Inc. Source Type: news