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AMERICAN SHARED HOSPITAL SERVICES
AMS, a leading provider of
turnkey technology solutions for advanced radiosurgical and radiation therapy
services, announced today that the Centers for Medicare and Medicaid Services
(CMS) has posted a revision of the previously proposed rule for Medicare's
hospital outpatient prospective payment system for calendar year 2014. Within
this proposed rule, CMS proposes updates for the delivery codes used for
stereotactic radiosurgery (SRS), including Gamma Knife services.
On August 28, 2013, CMS revised its previously proposed delivery code rate to
reimburse hospitals for a complete course of treatment comprised of a single
session of SRS to $5,615, a 70% increase over the current rate. CMS, on July
8, 2013, initially proposed to reimburse hospitals at $8,576 in 2014, an
increase of 160% over the current rate. Effective April 1, 2013, CMS Gamma
Knife delivery code reimbursement was reduced to $3,300 from the previous rate
of $7,910.
This CMS proposed reimbursement rate is subject to comments from interested
parties and could change. The Company intends to review data revising the rate
and comment to CMS on the proposed changes. Final CMS reimbursement rates are
anticipated to be issued in fall 2013.
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