Wound GM Kris Flinn and Senior Analysts Elizabeth Anderson and Jay Merkel discuss the impact of the final OPPS rules on the US Advanced Wound Care Market.
Wound GM Kris Flinn and Senior Analysts Elizabeth Anderson and Jay Merkel discuss the Centers for Medicare & Medicaid Services’ (CMS) final rules on Outpatient Prospective Payment System reimbursement, and the potential impact on the US Advanced Wound Care Market.
To listen to the interview, click on the following video (21:35 min). A link to download the complete transcript of the discussion is also provided below.
Transcript:
Kris Flinn: This is Kris Flinn from SmartTRAK. I'm joined today by our senior analysts, Elizabeth Anderson and Jay Merkel. CMS recently finalized the Outpatient Prospective Payment System Reimbursement or OPPS. And the headline of it is a switch from a bundled payment to a flat rate of $127.14 for skin substitutes, although these changes do extend to other areas of the market. In this discussion, we will explain the rules and understand the impact they could have on the US Advanced Wound Care Market. Jay, Elizabeth, thank you for joining me again for a discussion.
Jay, if I could start with you, would you please explain the rules and, particularly, any significant changes from the existing model?
Jay Merkel: Sure. I'm going to use some slides to help me along because that's a lot to memorize. As most of the industry knows, in the outpatient site of service, the payment for the application of skin substitutes has been ...
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