RE:RE:RE:RE:RE:RE:issue with laserLAZERR00 wrote: made2last wrote: Medical Reimbursement
Cold laser therapy is usually paid for in cash at clinics, as it has limited CPT code coverage. Currently, other pre-existing codes are in use for reimbursement purposes depending upon the state legislation and insurance plans. The CPT code 4 (97026) (application of a modality; infrared), has been used in the past since the laser emits light in the infrared spectrum. In January 2004, a HCPCS level 2 code (S8948) was added that is specific to cold laser therapy.
Theralase expects to secure a new CPT code for reimbursement for laser treatments in the U.S. for its new patented TLC-2000 technology. Under the Health Insurance Portability and Accountability Act of 1996 (HIPAA), CPT codes are updated annually and effective for use on January 1 of each year. The American Medical Association prepares an annual update so that the new CPT books are available in the fall of each year, preceding their effective date to allow for implementation. With the implementation of the Patient Protection and Affordable Care Act (PPACA), the device could make even more headway in the mainstream healthcare system with over 8 million Americans expected to be added to the medical insurance system.
https://seekingalpha.com/article/2206433-initiation-report-for-theralase-technologies
Doesn't matter if you get a CPT code or not, it only matters to clinicians if it is reimbursable. Which it isnt
CPT codes are describers. It's a system created and maintained by the AMA and used by i.e. Medicaid which also establishes fee guidlines which is what most insurance companies use for reimbursement handlings. YES, CPT's are for identification and classification first and foremost but get CPT codes specifically for LLLT or varying treatments using LLLT and you open doors to wider acceptance as the medical community and insurance carriers get with the program. You cannot categorically say that no carriers cover LLLT under varying existing CPT codes, because some do. Fact. You cannot deny that insurers cover under 97039, because they have. Fact. It's entirely possible that 5 years from now, LLLT treatments become mainstream rather than only available to professional athletes or those that can afford it.
Since you joined yesterday with a username seemingly specific to this stock... I'm guessing you are here to try scaring retail out of a hew hundred thousands shares or whatever you can get your hands on? If not, if you have expertise in the area, try offering us some discussion instead of closed minded denial of LLLT possibilities. If you are so completely unconvinced about the treatment and technology, why are you here?