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<p>[QUOTE="Anonymous, post: 3282811"]From a reimbursement expert: You cant go piggybacking on another procedure's CPT code. If Nuvasive had done its due diligence in the first place and gome through the coding system's process, they wouldnt be in this position now. Ex-Medtronic leadership arrogance is rearing its head with this issue. </p><p><br /></p><p>Is going through the coding process fun and easy? No. But its the right process and if you ignore it you will eventaully get burned. Besides the non-coverage policies and lower stock price, Nuvasive can expect the DOJ to be working them over and looking for a nice fine for improper reimbursement recommendations. </p><p><br /></p><p>All throughout this past year Nuvasuve was being advised to bring on an in-house reimbursement expert to help navigate this issue and work proactively with insurance companies. Their response: We have external reimbursement consultants that are handling this. And now, no one in my field will want to join them and try to dig them out of this mess. </p><p><br /></p><p>Obviously, Nuvasive isnt the only company piggybacking on codes. They're just under the microscope because they are bigger. My advice to all up and coming companies: Get someone on your team that knows and understands reimbursement, and I mean really understands your products and the space they are in, not some 'consultant' that charges your $500 an hour to give you silly monthly 'industry news' reports.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3282811"]From a reimbursement expert: You cant go piggybacking on another procedure's CPT code. If Nuvasive had done its due diligence in the first place and gome through the coding system's process, they wouldnt be in this position now. Ex-Medtronic leadership arrogance is rearing its head with this issue. Is going through the coding process fun and easy? No. But its the right process and if you ignore it you will eventaully get burned. Besides the non-coverage policies and lower stock price, Nuvasive can expect the DOJ to be working them over and looking for a nice fine for improper reimbursement recommendations. All throughout this past year Nuvasuve was being advised to bring on an in-house reimbursement expert to help navigate this issue and work proactively with insurance companies. Their response: We have external reimbursement consultants that are handling this. And now, no one in my field will want to join them and try to dig them out of this mess. Obviously, Nuvasive isnt the only company piggybacking on codes. They're just under the microscope because they are bigger. My advice to all up and coming companies: Get someone on your team that knows and understands reimbursement, and I mean really understands your products and the space they are in, not some 'consultant' that charges your $500 an hour to give you silly monthly 'industry news' reports.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Medical Equipment/Device Sales
>
NuVasive
>
Reimbursement Issues
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Medical Equipment/Device Sales
>
NuVasive
>
Reimbursement Issues
>