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Press Release

BTG plc: Varithena® receives finalised category I CPT codes

BTG
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

BTG                                       

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
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 06/11/2017

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