CardioNet Announces that Highmark Medicare Services Posts Reimbursement Rate for CPT Code 93229, Mobile Cardiovascular Teleme...
May 18 2009 - 5:15PM
Business Wire
CardioNet, Inc. (NASDAQ:BEAT) today announced that last week
Highmark Medicare Services posted a reimbursement rate for CPT code
93229, Mobile Cardiovascular Telemetry Services, of $1,123.07 at:
www.highmarkmedicareservices.com/partb/reimbursement/calc-2009.html.
Highmark Medicare Services had not posted a reimbursement rate
for CPT code 93229 since the CPT code was published by the AMA in
October of 2008. The reimbursement of $1,123.07 reflects the same
rate that the Company announced in November 2008 on attaining the
CPT code.
About CardioNet,
Inc.
CardioNet, Inc. is the leading provider of ambulatory,
continuous, real-time outpatient management solutions for
monitoring relevant and timely clinical information regarding an
individual's health. CardioNet's initial efforts are focused on the
diagnosis and monitoring of cardiac arrhythmias, or heart rhythm
disorders, with a solution that it markets as Mobile Cardiac
Outpatient Telemetry� (MCOT�). More information can be found at
http://www.cardionet.com.
Forward Looking Statements
This press release includes certain forward-looking statements
regarding CardioNet, Inc. within the meaning of the �Safe Harbor�
provisions of the Private Securities Litigation Reform Act of 1995
regarding, among other things, the reimbursement rates for
CardioNet, Inc. products and technology, which may change in the
future, and the actions of Highmark Medicare Services and the
Centers for Medicare and Medicaid Services (CMS), including actions
related to reimbursement rates for CardioNet, Inc. products and
technology. These statements may be identified by words such as
�expect,� �anticipate,� �estimate,� �intend,� �plan,� �believe,�
and other words and terms of similar meaning. Such forward-looking
statements are based on current expectations and involve inherent
risks and uncertainties, including important factors that could
delay, divert, or change any of them, and could cause actual
outcomes and results to differ materially from current
expectations. These factors include, among other things, the
ability of Highmark Medicare Services and CMS to change
reimbursement rates for CardioNet, Inc. products and technology and
the timing of any such change, changes in governmental regulations
and legislation, and other changes to reimbursement levels for
CardioNet�s products and technology. For further details and a
discussion of these and other risks and uncertainties, please see
CardioNet�s public filings with the Securities and Exchange
Commission, including CardioNet�s latest periodic report on Form
10-K or 10-Q. CardioNet undertakes no obligation to publicly update
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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