EBR Systems, Inc. (ASX:EBR) Announces WiSE Acceptance into TCET Pathway
WiSE System Acclaimed
EBR Systems, Inc. (ASX: EBR) has announced that its WiSE® System is accepted into the Centers for Medicare & Medicaid Services’ (CMS) new Transitional Coverage for Emerging Technologies (TCET) reimbursement pathway. This pathway is pivotal for devices granted FDA breakthrough status, allowing for expedited Medicare coverage.
Significant Benefits
The acceptance into the TCET pathway enables several advantages, including accelerated engagement with CMS for efficient review processes. It also allows Medicare coverage for the WiSE System for up to five years, marking a significant milestone for EBR Systems. Notably, CMS plans to accept only five new technologies into the TCET pathway annually.
Executive Commentary
John McCutcheon, President & Chief Executive Officer at EBR Systems, expressed his gratitude stating, “EBR is honoured that WiSE is one of the first five technologies that CMS indicated will be approved to participate in the inaugural year of the CMS TCET pathway.” He highlighted that this program will facilitate a faster national coverage decision for breakthrough medical devices and stated the company’s commitment to providing further updates on the program’s progress.
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