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Uroplasty Inc. Announces CPT® Category I Code and Associated Reimbursement Value for Posterior Tibial Nerve Stimulation
Date:11/2/2010

MINNEAPOLIS, Nov. 2, 2010 /PRNewswire/ -- Uroplasty Inc. (Nasdaq: UPI), announced today that the Centers for Medicare and Medicaid Services (CMS) has published, in the November, 2010 Federal Register, the anticipated Category I CPT code for Posterior Tibial Nerve Stimulation (PTNS). Uroplasty's Urgent® PC Neuromodulation System is used to provide PTNS and effective January 1, 2011, this procedure will now be billed under the new CPT code 64566, with the descriptor "Posterior tibial neurostimulation, percutaneous needle electrode, single treatment, includes programming."

The publication also indicated that the "relative value units" (RVUs) assigned to the new CPT code for PTNS will be 3.82. The Conversion Factor (CF) per RVU that CMS is using from June 1 to December 31, 2010 is $36.87. As most observers are aware, the CF is in flux. Based upon the newly published CF of $25.52 per RVU, which is also in this edition of the Federal Register, the base Medicare physician payment for PTNS will be approximately $97.49 per procedure. The CF may vary throughout 2011 as a result of Congressional action or CMS rule changes. Furthermore, the Company anticipates private-pay insurance companies, as is typically the case, to reimburse a higher amount.

"The formal publication of the CPT code, including the associated RVUs, constitutes an important milestone in our effort to ensure that PTNS using our Urgent PC System is properly reimbursed," said David Kaysen, President and CEO of Uroplasty.  "And now that we know the base Medicare physician payment, we will continue working to secure broad coverage for PTNS from all Medicare carriers and private payers across the country. As we have previously announced and discussed, we are working diligently with medical directors of insurance companies to educate them on our strong clinical data, and we will now be able to p
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SOURCE Uroplasty Inc.
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