Healthcare Industry News: Vertos Medical
News Release - December 8, 2020
Vertos Medical Announces ASC Reimbursement Increase for the mild(R) ProcedureALISO VIEJO, Calif., Dec. 8, 2020 -- (Healthcare Sales & Marketing Network) -- Vertos Medical Inc., a leader in the development of innovative, minimally invasive treatments for lumbar spinal stenosis (LSS), today announced that the Centers for Medicare and Medicaid Services (CMS) has increased Ambulatory Surgery Center (ASC) reimbursement for the mildŽ Procedure.
Effective January 1, 2021, the national average ASC reimbursement for CPT 0275T will increase by 41%, from $2,803.35 to $3,941.14, in recognition of the device cost associated with the procedure.
"The mildŽ Procedure is ideally suited for an ASC setting and we are pleased that CMS has improved the reimbursement for these facilities. We believe this will significantly increase patient access to the mildŽ Procedure across the country," said Philip Macdonald, Vice President, Market Access & Reimbursement for Vertos Medical.
The mildŽ Procedure is a clinically proven outpatient LSS treatment that removes a major root cause of stenosis through a portal the size of a baby aspirin. It requires no implants, no general anesthesia, no stitches, no steroids or opioids and no overnight hospital stay.
The mildŽ Procedure is approved nationally for Medicare and Medicare Advantage patients and various regional private insurers. Coverage stands at over 80 million lives. Since the FDA clearance in 2006, the mildŽ Procedure has been performed on more than 30,000 patients and its safety and efficacy have been analyzed in 13 clinical studies and over 25 publications.
For more information about Vertos Medical, please visit www.vertosmed.com.
Vertos Medical Inc. is a medical device company committed to developing innovative, minimally invasive treatments for lumbar spinal stenosis (LSS). Its proprietary technologies include the mildŽ instrumentation kit, which enables a safe, outpatient, minimally invasive, fluoroscopically guided therapeutic LSS treatment that requires no general anesthesia, no implants, and no stitches. LSS is primarily a degenerative, age-related narrowing of the lower spinal canal that causes symptoms of pain and numbness in the lower back, legs, or buttocks. The mildŽ Procedure treats this condition by restoring space in the spinal canal using specialized mildŽ devices to remove hypertrophic ligamentum flavum through a 5.1-mm treatment portal. Clinical studies show that the mildŽ Procedure can help LSS patients stand longer and walk farther with less pain.
1 No major device-related complications have been reported in any clinical trial.
2 Vertos Medical headquarters is located in Aliso Viejo, CA.
To learn more about how the mildŽ Procedure treats LSS, go to www.vertosmed.com/products/.
Source: Vertos Medical
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