Computer-aided detection (CAD) software developer iCAD said the U.S. Center for Medicare and Medicaid Services' (CMS) new Radiation Oncology Model (RO-Model), an alternative payment model, does not include coverage for iCAD's intraoperative radiation therapy (IORT).
However, iCAD's IORT will still be covered under existing CMS reimbursement codes in all geographic markets.
The firm's Chairman and CEO Michael Klein said, "We are disappointed by this decision and do not agree with the outcome. We intend to submit additional IORT-related data to CMS to support a petition for reconsideration."
