AMERICAN SHARED HOSPITAL SERVICES (NYSE MKT:AMS), a
leading provider of turnkey technology solutions for advanced
radiosurgical and radiation therapy services, announced today that the
Centers for Medicare and Medicaid Services (CMS) has posted its proposed
Medicare hospital outpatient prospective payment rates for calendar year
2015.
Effective January 1, 2015, CMS is proposing a comprehensive APC for both
Gamma Knife and LINAC one session cranial radiosurgery. The proposed
comprehensive reimbursement rate of approximately $9,768 will be
inclusive of the delivery and ancillary codes but exclusive of
co-insurance payments or other adjustments. The average current CMS
reimbursement rate for delivery and ancillary codes (exclusive of
co-insurance and other adjustments) is approximately $5,600.
Also, CMS’s proposed 2015 proton therapy delivery code rates per daily
session are $515 ($872 in 2014) for a simple treatment without
compensation, $1,056 ($872 in 2014) for a simple treatment with
compensation, and $1,056 ($1,205 in 2014) for an intermediate or complex
treatment.
CMS will accept comments on these proposals until September 2, 2014 and
will respond and publish a final rule in November 2014 to be effective
January 1, 2015.
About AMS
American Shared Hospital Services provides turnkey technology solutions
for advanced radiosurgical and radiation therapy services. AMS is the
world leader in providing Gamma Knife radiosurgery equipment, a
non-invasive treatment for malignant and benign brain tumors, vascular
malformations and trigeminal neuralgia (facial pain). The Company also
offers the latest IGRT and IMRT systems, as well as its proprietary
Operating Room for the 21st CenturySM concept. AMS owns
common stock in Mevion Medical Systems, Inc., developer of the compact
MEVION S250 Proton Therapy System.
Safe Harbor Statement
This press release may be deemed to contain certain forward-looking
statements with respect to the financial condition, results of
operations and future plans of American Shared Hospital Services, which
involve risks and uncertainties including, but not limited to, the risks
of the Gamma Knife and radiation therapy businesses. Further
information on potential factors that could affect the financial
condition, results of operations and future plans of American Shared
Hospital Services is included in the filings of the Company with the
Securities and Exchange Commission, including the Company's Annual
Report on Form 10-K and Form 10-K/A for the year ended December 31,
2013, the Quarterly Report on Form 10-Q for the quarter ended on March
31, 2014 and the definitive Proxy Statement for the Annual Meeting of
Shareholders held on June 10, 2014.
Copyright Business Wire 2014