The bill would let certain medical devices qualify for conditional Medicare New Technology Add-On Payments (NTAP) approval even if they have not yet received required federal approval, clearance, or authorization by the program’s deadline. The device must be designated for expedited development and priority review and later receive approval, clearance, or authorization for that designated use before July 1 of the fiscal year for which the applicant applied. Payment eligibility would begin for hospital discharges in the first quarter after that authorization. The change would apply to qualifying devices authorized on or after July 1, 2023, once the bill is enacted.
If you are a Medicare beneficiary, the bill could make it possible for hospitals to receive an add-on payment for certain qualifying new devices sooner. It would not guarantee that a particular device is available to you.
The bill says the change must be implemented in a budget-neutral manner. The text provides no further expense estimates.
No publicly available information.
No publicly available information.