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Roseville, CA, Nov. 12, 2004 - CoolTouch Inc.,
a developer and manufacturer of innovative devices in medical lasers, announced
new reimbursement codes for its CoolTouch CTEVT 1320 nm endovenous laser for varicose
vein therapy during the 18th Annual Congress of the American College of Phlebology
(ACP), November 4-7, 2004.
The Center for Medicare and Medicaid Services (CMS) has established payment rates
for two new dedicated Level 1 CPT reimbursement codes established by the American
Medical Association for endovenous laser ablation to become effective January 1,
2005.
The two new codes, which apply to the newly introduced CoolTouch CTEV 1320 nm endovenous
laser ablation procedure, are:
- 36478 - Endovenous ablation therapy
of incompetent vein, extremity, inclusive of
all imaging guidance and monitoring, percutaneous, laser; first vein treated,
with a national average reimbursement of $2,041.16 and $364.57 for
procedures performed in the office setting and in the hospital setting, respectively,
and
- 36479 - Second and subsequent
veins treated in a single extremity, each through
separate access sites, with an average national reimbursement of $437.72 and
$178.12 for the office and hospital setting, respectively.
Regionally adjusted payment rates are available from CoolTouch Inc. at 1-877-858-2665,
or by contacting info@cooltouch.com. Medicare reimbursement rates have traditionally
driven the payment rate for private insurers.
Commenting on the announcement, Dave Hennings, Chief Executive Officer of CoolTouch
Inc., said, "The tremendous attention drawn to our booth at the American College
of Phlebology Congress last week was enhanced by the announcement of the new reimbursement.
Without the difficulties of processing claims without a dedicated code, the CoolTouch
CTEV 1320 nm endovenous laser will now have assured growth as the preferred endovenous
treatment of varicose veins."
Laser endovascular ablation procedural codes 36478 and 36479 are also included in
the 2005 payment rates established by CMS under the Hospital Outpatient Prospective
Payment System and assigned under APC (Ambulatory Payment Classification) group
0092. This coverage applies to hospitals for expenses incurred during an outpatient
endovenous procedure. A national average payment rate of approximately $1,538.27
applies to ablation for both laser and radiofrequency endovenous ablation methods.
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