Navigation Links
CMS Decision - No Material Financial Impact to Medicsight
Date:6/5/2009

NEW YORK, June 5 /PRNewswire-FirstCall/ -- Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. (NYSE Amex: MGT) and an industry leader in the development of Computer-Aided Detection (CAD) and image analysis software, which assists radiologists in the early detection of disease, comments on the Centers for Medicare and Medicaid Services' (CMS) decision not to reimburse virtual colonoscopy (CT colonography or CTC) for the routine colon cancer screening of Medicare patients in the U.S.

The CMS decision has no material financial impact to Medicsight and only affects 12% of the eligible screening population in the United States. CTC continues to be reimbursed by Medicare for diagnostic procedures under certain conditions. Furthermore, a significant number (over 50 million) of the eligible screening population will have private insurance coverage that is likely to provide for CTC screening. Despite Medicare's decision, 28 US States (and growing) currently mandate coverage for colorectal cancer screening, most adopting the American Cancer Society (ACS) standards which include use of CTC.

A number of private payers have already started to offer CTC as a "covered benefit" in their insurance policies and those payers, including Wellpoint/Anthem, Cigna and several Blue Cross Blue Shield plans, representing approximately 50 million covered patients. There are projected to be 65 million U.S. residents aged between 50-64 by 2015. Currently 80% of this age group currently has private insurance coverage according to Kaiser Permanente, a leading US health insurance provider.

Allan Rowley, Chief Executive Officer of Medicsight, commented: "The Company is excited about the enormous potential to improve colorectal screening compliance with the use of screening CTC and has already begun working with various groups to sup
'/>"/>

SOURCE MGT Capital Investments, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. DATATRAK Announces Receipt of NASDAQ Panel Decision to Delist Common Shares
2. MEDRAD Introduces Manage.Report - Advances Evidence-Based Decision Making
3. Religious devotion does not impact abortion decisions of young unwed women
4. Carefx's Newest White Paper Illuminates Healthcare CIOs' Growing Role in Operations, Strategic Thinking and IT Project Decision Making
5. Nurse Response Partners With Healthwise to Help Consumers Make Informed Decisions on Health
6. Carefxs Newest White Paper Illuminates Healthcare CIOs Growing Role in Operations, Strategic Thinking and IT Project Decision Making
7. Elsevier Appoints Chris Dillon as Managing Director, Clinical Decision Support
8. LCA Hails US Court of Appeals Decision to Affirm Lower Court Ruling Tobacco Companies Guilty of Massive Fraud and Deception
9. Aflac Incorporated to Present at the Sanford Bernstein 25th Annual Strategic Decisions Conference
10. Medco CEO to Present at the Sanford C. Bernstein & Co. LLC 25th Annual Strategic Decision Conference 2009
11. Parents Influence Sex Decisions, Hispanic Teens Say
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/4/2015)... ... August 04, 2015 , ... ... learning, announced today that its RN to BSN and Master of Science ... full accreditation through June 2020 from the Commission on Collegiate Nursing Education ...
(Date:8/4/2015)... , ... August 04, 2015 , ... ... state-of-the-art digital press at its Denver facility that will usher in a new ... help Lightning Labels more effectively meet its twin objectives of quality ...
(Date:8/4/2015)... (PRWEB) , ... August 04, 2015 , ... ... their partnership to make the Isabel Symptom Checker available to all users of ... a mechanism to check their symptoms in an easy, intuitive method, provides access ...
(Date:8/3/2015)... ... August 04, 2015 , ... The American Academy ... The new internationally peer-reviewed Guidelines were prepared by members of the AAT as ... in evaluating patients with dental-oral and systemic health-related complaints. , Thermography is ...
(Date:8/3/2015)... ... August 03, 2015 , ... Representatives with Health ... on its website. , “Our ‘Ask a Nutritionist’ feature on our website is a ... healthily,” said Liza Brisk, nutritionist and spokeswoman for Health Food Grocers. , Health Food ...
Breaking Medicine News(10 mins):Health News:Loyola University New Orleans Awarded Accreditation for its Online RN to BSN and MSN Programs 2Health News:Loyola University New Orleans Awarded Accreditation for its Online RN to BSN and MSN Programs 3Health News:Loyola University New Orleans Awarded Accreditation for its Online RN to BSN and MSN Programs 4Health News:Lightning Labels Installs State-of-the-Art Digital Press 2Health News:Lightning Labels Installs State-of-the-Art Digital Press 3Health News:Isabel Healthcare Partners with the Kansas Health Information Network, Inc. to Deploy Isabel Symptom Checker within the MyKSHealth eRecord Personal Health Record 2Health News:Isabel Healthcare Partners with the Kansas Health Information Network, Inc. to Deploy Isabel Symptom Checker within the MyKSHealth eRecord Personal Health Record 3Health News:American Academy of Thermology (AAT) Publishes First-Ever Guidelines for Oral-Systemic Thermography 2Health News:American Academy of Thermology (AAT) Publishes First-Ever Guidelines for Oral-Systemic Thermography 3Health News:Health Food Grocers Launches "Ask a Nutritionist" Service 2Health News:Health Food Grocers Launches "Ask a Nutritionist" Service 3
... HealthTransaction Network(R) keeps costs down and improves access ... connecting health care facilities ... HealthTransaction Network(R) is,creating the first-ever nationwide health care ... services to underserved populations at,affordable costs, the company ...
... prevalence of congenital heart disease (CHD) among in vitro ... general population, but there is an increasing risk of ... by Yale School of Medicine researchers. , Mert ... Obstetrics, Gynecology & Reproductive Sciences, will present the abstract ...
... Results and Enables Resident Care Teams to Boost Time with ... ... 31 Vocollect Healthcare Systems, Inc.,the leading provider of voice-assisted care, ... has,completed its enterprise-wide implementation of AccuNurse voice-assisted,care at all four of ...
... with a chronic disease or cancer have to contend ... anemia impedes the patient considerably in his or her ... to a large number of these patients to alleviate ... always effective, and not all patients respond to this ...
... Tigris Pharmaceuticals,Inc., a privately held drug development company, ... to its Board of Directors., Mr. Granadillo served ... until 2004 when he retired after 34 years of ... comprised of its top,seven executives. As Lilly,s top human ...
... 31 A scary question indeed.,We,re not talking about ... or First Aid, or even the Emergency Room physician ... the people who do the education,training and research and ... your life. Most research makes the average person,s head ...
Cached Medicine News:Health News:Buffalo Company Launches First-ever National Electronic Transaction Network to Improve Health Care Access for Uninsured and Underinsured 2Health News:Buffalo Company Launches First-ever National Electronic Transaction Network to Improve Health Care Access for Uninsured and Underinsured 3Health News:Congenital heart defects increasing among IVF twins 2Health News:Peninsula United Methodist Homes Completes Enterprise-Wide Deployment of AccuNurse Voice-Assisted Care 2Health News:Peninsula United Methodist Homes Completes Enterprise-Wide Deployment of AccuNurse Voice-Assisted Care 3Health News:Progress toward an alternative for EPO: Gas6 offers remedy where EPO fails today 2Health News:Tigris Pharmaceuticals Appoints Pedro Granadillo to Board of Directors 2Health News:Tigris Pharmaceuticals Appoints Pedro Granadillo to Board of Directors 3Health News:Who Decides How to Save Your Life? 2
(Date:8/3/2015)... Calif. , Aug. 3, 2015  CytomX, ... treatment of cancer, today announced the promotion of ... Debanjan Ray , who previously served as ... has been promoted to senior vice president of ... Mr. Ray held positions as the vice president ...
(Date:8/3/2015)...  Celsion Corporation (NASDAQ: CLSN ) announced ... call to discuss its second quarter 2015 financial ... programs for ThermoDox®, its proprietary heat-activated liposomal encapsulation ... TheraPlas™ and TheraSilence™, in immunotherapy and RNA delivery ... 2015. To participate in the call, interested parties ...
(Date:8/3/2015)... 3, 2015 Immune Pharmaceuticals, Inc. ("Immune") (NASDAQ: ... Daniel Teper , will present live at VirtualInvestorConferences.com on ... TIME:   11:30AM EDT LINK:    http://tinyurl.com/aug6-pre-imnp ... event where investors are invited to ask the company ... as well as the association,s "virtual trade booth." If ...
Breaking Medicine Technology:CytomX Announces Management Team Promotions 2CytomX Announces Management Team Promotions 3Celsion Corporation to Hold Second Quarter 2015 Financial Results Conference Call on Monday, August 10, 2015 2Immune Pharmaceuticals to Webcast Live at VirtualInvestorConferences.com August 6 2
... Nov. 29, 2011 Millstone Medical Outsourcing announced ... and cold chain distribution services for customers, biologic ... Memphis operation is already a Federal Drug Administration ... authorized to store and distribute human tissue and ...
... 2011  Proventix Systems, Inc., today announced its nGage™ ... hand hygiene monitoring system in the United States.  ... total hand cleansings. Hospitals have experienced ... dispenses since implementation of the Proventix monitoring system. ...
Cached Medicine Technology:Millstone Medical Outsourcing Adds Freezer Storage, Cold Chain Shipment Capabilities for Biologic Products 2Proventix's nGage™ the Most Widely Used Automated Healthcare Hand Hygiene Monitoring System in the United States 2Proventix's nGage™ the Most Widely Used Automated Healthcare Hand Hygiene Monitoring System in the United States 3
... The Nidek's ophthalmic Nd: YAG laser ... featured system of superb versatility and clinical ... YAG Laser (1064nm),, Lightweight Model ,Further ... more convenient setting in your office.,, ...
... delivers a solid-state green laser ... and plugs into any standard ... and extreme portability, the unit ... Nidek Phaco Emulsification System CV-24000 ...
... technology is an effective angina ... with poor targets. Because it ... suites, the CO2 Heart Laser ... make timely operative decisions to ...
Ultrasensitive TSH EIA Thyroid Function 025-BC-1003...
Medicine Products: