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Press Release

BTG plc: Varithena® receives finalised category I CPT codes

Posted on: 06 Nov 17

New payment rates and automatic electronic processing of claims effective 1 January 2018


London, UK, 6 November 2017: BTG plc (LSE: BTG), the global specialist healthcare company, notes that the US Centers for Medicare and Medicaid Services have published the final fee schedule for new Category I CPT codes for Varithena® procedures. The codes will be effective from 1 January 2018.


The fee schedule details payments for conducting Varithena® treatments in the physician office setting of $1,624.30 for a single vein and $1,697.02 for multiple veins. The new CPT codes define Medicare payment rates and enable automatic and electronic processing of claims, providing physicians in the US with further predictability of payment and streamlining the reimbursement process.


“We believe the new CPT codes are appropriate and have the potential to underpin our current expectations for the product,” commented Louise Makin, BTG’s CEO. “However, we must wait and see how they impact physician adoption and insurer practices, and we should have a better understanding of that by the end of 2018.”


For further information contact


Andy Burrows, VP Corporate & Investor Relations

+44 (0)20 7575 1741; Mobile: +44 (0)7990 530 605


Stuart Hunt, Investor Relations Manager

+44 (0)20 7575 1582; Mobile: +44 (0)7815 778 536


Chris Sampson, Corporate Communications Director
+44 (0)20 7575 1595; Mobile: +44 (0)7773 251 178

Editor's Details

Mike Wood

Last updated on: 06/11/2017

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