Here are four points:
1. CMS sent out contract offers on March 15.
2. CMS will make 12,181 contract offers to 637 bidders.
3. Prior to CMS’ single payment amounts, Medicare paid for items and other supplies using a fee schedule based on supplier charges from the 1980s.
4. The fee schedule payments were much higher than CMS’ updated payment amounts, which CMS estimated saved Medicare nearly $3.6 billion between 2013 and 2015.
More articles on devices:
CG Asset Management ups position in NuVasive: 4 points
Global orthopedic trauma fixation devices to reach $9B — 5 things to know
Spine implant costs vary at US academic medical centers — 5 things to know
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