American Shared Hospital Services Announces Final 2014 CMS Gamma Knife and Proton Therapy Reimbursement Rates
December 03 2013 - 1:24PM
Business Wire
AMERICAN SHARED HOSPITAL SERVICES (NYSE MKT: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 its
final Medicare hospital outpatient prospective payment rates for
calendar year 2014.
Effective January 1, 2014, CMS Gamma Knife delivery code
reimbursement will be increased to $3,592 from the previous rate of
$3,301, a 9% increase. It is estimated that including ancillary
services and outlier adjustments, if applicable, Gamma Knife
centers can receive Medicare reimbursement of up to around $9,000
per treatment under the recently announced CMS rates.
CMS’s 2014 proton therapy delivery code rates per daily session
are $872 ($1,137 in 2013) for a simple treatment and $1,205 ($682
in 2013) for an intermediate or complex treatment.
About AMS
American Shared Hospital Services provides turnkey technology
solutions for advanced radiosurgical and radiation therapy
services. AMS is the world leader in providing Gamma Knife
radiosurgery equipment, a non-invasive treatment for malignant and
benign brain tumors, vascular malformations and trigeminal
neuralgia (facial pain). The Company also offers the latest IGRT
and IMRT systems, as well as its proprietary Operating Room for the
21st CenturySM concept. AMS owns common stock in Mevion Medical
Systems, Inc., developer of the compact MEVION S250 Proton Therapy
System.
Safe Harbor Statement
This press release may be deemed to contain certain
forward-looking statements with respect to the financial condition,
results of operations and future plans of American Shared Hospital
Services, which involve risks and uncertainties including, but not
limited to, the risks of the Gamma Knife and radiation therapy
businesses. Further information on potential factors that could
affect the financial condition, results of operations and future
plans of American Shared Hospital Services is included in the
filings of the Company with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended December 31, 2012, the Quarterly Report on Form 10-Q for the
quarters ended on March 31, 2013,June 30, 2013, and September 30,
2013, and the definitive Proxy Statement for the Annual Meeting of
Shareholders held on June 11, 2013.
American Shared Hospital ServicesErnest A. Bates, M.D.,
(415) 788-5300Chairman and Chief Executive
Officere.bates@ashs.comorBerkman AssociatesNeil Berkman,
(310) 477-3118Presidentinfo@berkmanassociates.com
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