BG Medicine (BGMD) Announces Preliminary Decision by CMS on Reconsideration of Reimbursement for BGM Galectin-3 Test
9/30/2013 9:19:18 AM
WALTHAM, Mass., Sept. 30, 2013 (GLOBE NEWSWIRE) -- BG Medicine, Inc. (Nasdaq:BGMD) announced today that the Centers for Medicare and Medicaid Services (CMS) have made a preliminary decision to set the Medicare payment rate for the Company's BGM Galectin-3® test at the amount of a cross walked test whose 2013 national limitation amount is $30.24, subject to a final determination by CMS by year-end 2013. The new payment rate, if finalized, will replace the BGM Galectin-3® test's national limitation amount of $17.80 that was effective in 2013.
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