Nova Scotia – December 18, 2014 – The Centers for Medicare & Medicaid Services (CMS) in the United States have issued an update to payment policies and payment rates for services furnished to Medicare beneficiaries in hospital outpatient departments and Ambulatory Surgical Centers (ASCs) beginning January 1, 2015.
The following procedures codes that relate to HBI’s products and services were addressed in this payment update:
• 0347T Placement of interstitial device(s) in bone for radiostereometric analysis (RSA)
• 0348T Radiologic examination, radiostereometric analysis (RSA); spine, (includes, cervical,thoracic and lumbosacral, when performed)
• 0349T Radiologic examination, radiostereometric analysis (RSA); upper extremity(ies), (includes shoulder, elbow and wrist, when performed)
• 0350T Radiologic examination, radiostereometric analysis (RSA); lower extremity(ies), (includes hip, proximal femur, knee and ankle, when performed)
“This CMS payment update builds on the Category III CPT Codes issued by the American Medical Association last fall and is a significant step towards reimbursement from all payors for our products and services” said Chad Munro, CEO of HBI. “Research studies have shown the value and importance of accurate 3D measurements to predict loose or unstable implants for patients. This decision from CMS will support our US customer’s implementation of our monitoring technology as their standard of clinical care.”
Halifax Biomedical Inc
Halifax Biomedical Inc. (HBI) is an evidence based Orthopaedic Clinical Measurements company headquartered in Nova Scotia, Canada with a US office located in Cambridge, MA.
HBI is a world leading provider of equipment and services for evaluating orthopaedic and spine implant stability and fixation using proprietary Stereo Radiography (SR) imaging technology (HALIFAX exams). HBI focuses on two clinical problems; early detection of implant loosening for total hip and knee replacements, and quantification of instability of the spinal column in patients with chronic low back pain.
Products provided by HBI to support HALIFAX exams include surgical bead inserters, bead sets, SOR imaging equipment, and centralized image processing services. The centralized processing of joint replacement images is performed by HBI’s image analysis experts using Model-based RSA software developed by HBI’s partner RSAcore of the Leiden, The Netherlands, University Medical Center
For more information, please visit www.halifaxbiomedical.com, or contact:
John Simon, COO
Office: (902) 945-2771
Fax: (902) 945-2324
Halifax Biomedical Inc.
11493 Route 19
Mabou, Nova Scotia