American Shared Hospital Services Announces Proposed 2015 CMS Gamma Knife and Proton Therapy Reimbursement Rates
July 31 2014 - 8:03AM
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
proposed Medicare hospital outpatient prospective payment rates for
calendar year 2015.
Effective January 1, 2015, CMS is proposing a comprehensive APC
for both Gamma Knife and LINAC one session cranial radiosurgery.
The proposed comprehensive reimbursement rate of approximately
$9,768 will be inclusive of the delivery and ancillary codes but
exclusive of co-insurance payments or other adjustments. The
average current CMS reimbursement rate for delivery and ancillary
codes (exclusive of co-insurance and other adjustments) is
approximately $5,600.
Also, CMS’s proposed 2015 proton therapy delivery code rates per
daily session are $515 ($872 in 2014) for a simple treatment
without compensation, $1,056 ($872 in 2014) for a simple treatment
with compensation, and $1,056 ($1,205 in 2014) for an intermediate
or complex treatment.
CMS will accept comments on these proposals until September 2,
2014 and will respond and publish a final rule in November 2014 to
be effective January 1, 2015.
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 and Form 10-K/A
for the year ended December 31, 2013, the Quarterly Report on Form
10-Q for the quarter ended on March 31, 2014 and the definitive
Proxy Statement for the Annual Meeting of Shareholders held on June
10, 2014.
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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