Hope so, question will be if PEB can have a chance at going up against a US regulatory system. Still a lot of risk involved with that unknown at this stage no?
Printable View
DA (Draft Article) 59125 bumps Detect CPT code 0012m and Monitor 0013M into Group 6 (tests not covered)
The draft LCD link here for future ref
https://www.cms.gov/medicare-coverag...px?lcdid=39364
It appears the comment close date has been extended, prev July 25th, now Sept 6th
10. Coverage Determinations
As a reminder, the fact that a drug, device, procedure or service is assigned a HCPCS code and a payment
rate under the OPPS does not imply coverage by the Medicare program, but indicates only how the product,
procedure, or service may be paid if covered by the program. Medicare Administrative Contractors (MACs)
determine whether a drug, device, procedure, or other service meets all program requirements for coverage.
For example, MACs determine that it is reasonable and necessary to treat the beneficiary’s condition and
whether it is excluded from payment.
850man - this partly explains the role of Novitas I suppose and your comment about CMS not making these decisions?
Absolutely high risk and that’s why the share is priced as it is. How it turns out in the end who knows. I am prepared to take the risk based on Kaiser’s interest in the tests. Kaiser are supporting it for one reason and that is that it will benefit Kaiser. Other healthcare providers should follow in time.
If it all turns out well the investors will be considered gurus and if it turns out bad the investors will be considered to be naive idiots.
I hope we all make very good money from this and can put our selves in the guru category. The long suffering shareholders deserve it.
What evidence do you have to suggest KP are using the tests in any meaningful way? Are they using them more than CMS?
Mate I only post here because I was once like you, believed in the story and to hell with the facts. Lost a lot of money. I know my chirping is annoying but this is what sharing knowledge on here is about.
Never fall in love with a stock Brain. If you sit back and ask yourself just what would I pay for this given what is proven, then the current SP is ridiculous.
No offence intended, just saying
All cool, psychic.
Knowledge shared is knowledge gained when discussed and assessed properly.
My comments were not a personal attack on you. I was putting forward my rational for investing in PEB. You are entitled to your point of view and I am entitled to mine. I am interested in reading all posts on sharetrader particularly those with an opposite point of view.
With regard to Kaiser
“Pacific Edge Chief Executive Dr Peter Meintjes said: "Kaiser's decision to
include Cxbladder tests in its EMR system represents an important commercial
milestone for the group, offering a pathway to significantly ease the
administrative burden of ordering and recording the results of Cxbladder
tests.”
My view is that Kaiser would not waste resources integrating CX bladder if Kaiser was not serious about using the tests.
Yep sorry Brain, my post was a bit sanctimonious, not intended. But I could fill pages with gushy PE announcements that have come to nothing. I look elsewhere now..
Agree with all above comments. High risk speculative stock at this stage based on all recent events positive and negative considered. For those who have spare money that wouldn't be too concerned if lost if things don't go the way we would all want for PEB.It's definitely a bit more of a 'gamble' stock at this time. For those more conservative, or not wanting to risk potentially seeing their investment deplete in this stock, then it might be wise to take it off the table for now and monitor it in order to mitigate losses. At least util there is a bit more clarity on things. Having a small % of portfolio 5-10% in a higher risk category is normally acceptable for most. But wouldn't have an amount invested that would see tears if those gains weren't realised. Probably what we have been seeing recently, some investors cashing out for now until see a bit more confidence. Hence the downtrending SP. Lets just hope 0.45 can hold.If not will likely see a few more bail out at that point.