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Posted On: 09/04/2019 7:20:43 PM
Post# of 8404
Doing ActiPatch/RecoveryRx Right..."Largest Distributor of Chiropractic Products in US"
9/3/2019 BIEL Shareholder Update
"We are finalizing product packaging configuration, pricing, and reimbursement coding with the largest distributor of chiropractic products in US."
Creating New Reimbursement Numbers for Medical Devices
Medical devices available through a pharmacy and potentially eligible for reimbursement from payers are generally labeled with an 11-digit reimbursement number, typically with a National Health Related Item Code (NHRIC), which looks similar to a National Drug Code (NDC) in format and number of digits. The 11-digit reimbursement number is derived from the 10-digit NHRIC or NDC following NCPDP standards, to create a single format code for reimbursement. Pharmacies and payers rely on these reimbursement numbers for device reimbursement in the pharmacy setting.
9/3/2019 BIEL Shareholder Update
"We are finalizing product packaging configuration, pricing, and reimbursement coding with the largest distributor of chiropractic products in US."
Creating New Reimbursement Numbers for Medical Devices
Medical devices available through a pharmacy and potentially eligible for reimbursement from payers are generally labeled with an 11-digit reimbursement number, typically with a National Health Related Item Code (NHRIC), which looks similar to a National Drug Code (NDC) in format and number of digits. The 11-digit reimbursement number is derived from the 10-digit NHRIC or NDC following NCPDP standards, to create a single format code for reimbursement. Pharmacies and payers rely on these reimbursement numbers for device reimbursement in the pharmacy setting.
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