@ShahidNShah
CMS proposes new pathway for reimbursing breakthrough devices
CMS noted in its announcement that the pathway is voluntary. Participating device makers would get access to CMS officials before FDA market authorization. The officials would review early evidence, help manufacturers design studies that might better address payers’ concerns, and offer guidance on the best existing coverage areas.
The goal is to finalize coverage for the medical device no later than six months after FDA clearance. Then, ideally, the device would generate enough evidence on the market to achieve a longer-term Medicare coverage determination.
“The goal of the TCET pathway is to develop reliable evidence for patients and their physicians to make health care decisions and ensure that people with Medicare receive high-quality care,” the CMS leaders wrote in the announcement.
Continue reading at statnews.com
Make faster decisions with community advice
- Innovative Healthcare Treatments Require Innovative Payment Models
- Use of artificial intelligence on the rise, but its impact on health still limited, new study finds
- What is AI’s Market Value for The Healthcare Industry?
- Equity Must Be Embedded In The Overall Health Ecosystem
- Telemedicine, Modernized Licensing Can Help Bridge Health Disparity Gap
Next Article
-
Innovative Healthcare Treatments Require Innovative Payment Models
Mallory Hackett, the author of this essay from March 9, 2021 titled "Innovative healthcare treatments require innovative payment models," emphasises the demand for cutting-edge payment methods to …
Posted Jun 23, 2023 Telehealth Healthcare Innovation Payment Models