May 15, 2015 — iCAD Inc. announced that Noridian, the Medicare administrative contractor in Jurisdictions E and F, has made recent web postings related to Coding for High Dose Rate Brachytherapy for Non-Melanoma Skin Cancers. These postings instruct physicians to report CPT code (17999) rather than the established CPT code (0182T) for electronic brachytherapy for non-melanoma skin cancers. Jurisdictions E and F consist of 13 states primarily on the West Coast.
iCAD, industry partners and physician providers have reached out to the Centers for Medicare and Medicaid Services ("CMS") and Noridian to seek clarification of the Medicare Coverage Articles posted to Noridian's web sites.
The company is proactively addressing the situation in its dialogue with Noridian and CMS. At this point, there is insufficient clarification of the reimbursement matter to assess the potential impact that this matter could have on the company's guidance for 2015. Any significant changes in CPT reimbursement from current levels could have a material impact on iCAD’s revenues.
For more information: www.icadmed.com