Medicare Establishes Reimbursement for VisionCare’s Implantable Telescope for Macular Degeneration
SARATOGA, Calif.— VisionCare Ophthalmic Technologies, Inc., a developer of advanced visual prosthetic devices, said that the Centers for Medicare and Medicaid Services (CMS) has granted transitional pass-through payment status and established a billing code for the implantable miniature telescope under the Hospital Outpatient Prospective Payment System. The new pass-through code, C1840, is effective Oct. 1, 2011 and will enable outpatient facilities to obtain reimbursement for the telescope implant for covered procedures. The telescope implant is approved by the U.S. Food and Drug Administration... Read More