MDMA presented at the February 2009 Ambulatory Payment Classification (APC) Panel this week to provide recommendations on how to improve the outpatient payment system in Medicare and ensure that beneficiaries have access to the latest advancements in medical technology. The purpose of the APC Panel is to make recommendations to CMS on how to improve the overall payment system in the outpatient setting. MDMA’s recommendations focused on ensuring more accurate payments and improved access to...
Reimbursement
On November 9th and 10th, the Medical Device Manufacturers Association held its 11th annual Coverage, Reimbursement and Health Care Policy Conference in Washington, DC. The Conference presented a unique opportunity for MDMA members and non-members to interact with some of the leading stakeholders and decision makers within the reimbursement arena. Participants were treated to several in-depth presentations on basic Medicare reimbursement concepts, the international reimbursement landscape,...
May 5, 2009 - The Centers for Medicare and Medicaid Services (CMS) released the FY 2010 IPPS proposed rule this week. The proposed regulation reduces payments for hospital inpatient care by 0.5 percent. According to CMS, the reduced payments are the result of hospital coding practices during a transitional period when Medicare began adjusting reimbursements based on illness severity.
The Medical Device Manufacturers Association (MDMA...
March 20, 2009 - The Department of Health and Human Services named the members of the Federal Coordinating Council for Comparative Effectiveness Research. The 15 member Coordinating Council was created as part of the American Recovery and Reinvestment Act. The statute mandates that the Council should make recommendations on comparative effectiveness but cannot mandate coverage, payment, or clinical recommendations.
Everyone wishes they had a crystal ball that would tell them what the future holds. We all want to know how our business will be affected by the economic crisis and if and when we can expect a turnaround. Unfortunately, all we can do is hope for the best and prepare for the worst. Being prepared is an integral part of the business planning cycle. Taking stock of a company’s strategic direction and forecast in light of the current environment is not an option; it is a requirement for all...
December 5, 2008 - The New York Times this week reported on what the effects of comparative effectiveness in the United Kingdom. Specifically, the article described how patients in the UK had difficulty accessing certain treatments under coverage polices set by the National Institute for Clinical Excellence (NICE). The author goes on to describe how NICE has become a model for other health care systems throughout the world as well as describe what potentially lies ahead for...
Contact: Erin Jones
Director, Membership and Programs
(202) 354-7172
MDMA to Hold Annual Reimbursement and Health Policy Conference
Washington, DC, September 30, 2008 - The Medical Device Manufacturers Association (MDMA) will hold its annual Coverage, Reimbursement and Health Policy Conference November 11-12 in Washington, DC. The meeting will bring together key officials from both the private and public sector to discuss the latest trends and policies...
Advances in medical technology have revolutionized how health care is delivered in the United States. Innovative medical device manufacturers have contributed significantly to improved patient outcomes, their quality of life, and how physicians practice medicine. Consider how scopes moved many invasive, high-risk inpatient procedures to non-invasive, lower risk outpatient procedures. But these innovations come at a price. Makers of traditional medical devices and combination products (...
August 15, 2008 - CMS recently released the final Inpatient Prospective Payment System rule for 2009. In the final rule, CMS deals with the critical issue of charge compression by separating higher cost devices, regardless of whether they remain within the patient upon discharge, from lower cost prices on Medicare cost reports. This separation will allow CMS to capture more accurate price data for higher cost devices and minimize price distortions that were adversely...
