Eagle Pharmaceuticals announced that Centers for Medicare & Medicaid Services – CMS – has established a unique, product-specific billing code and granted transitional pass-through payment status for Barhemsys injection. The new Healthcare Common Procedure Coding System – HCPCS – Level II code – J-code – and will be effective on January 1, 2024, replacing the C-code which will be discontinued. Beginning October 1, Barhemsys became eligible for separate reimbursement outside of the surgical bundled payment in both the ambulatory surgery center and hospital outpatient department care settings. J-codes are reimbursement codes intended to simplify the claims submission and documentation process, facilitating access for patients. Transitional pass-through payments provide additional payment for new devices, drugs, and biologicals that meet eligibility criteria for a period of at least two years but not more than three years. The granting of pass-through status helps streamline the reimbursement process and facilitates patient access to Barhemsys.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EGRX:
- Eagle Pharmaceuticals Granted Unique J-Code and Pass-Through Status for BARHEMSYS® from CMS
- Eagle Pharmaceuticals Awarded First Prize for Poster to Be Presented at the International Society for Anaesthetic Pharmacology 32nd Annual Meeting
- Eagle Pharmaceuticals to Present at the Cantor Global Healthcare Conference 2023
- Eagle Pharmaceuticals to Present CAL02 Trial in Progress at the 2023 ASM/ESCMID Joint Conference on Drug Development to Meet the Challenge of Antimicrobial Resistance
- Eagle Pharmaceuticals to Present BYFAVO® (remimazolam) for Injection Abstract at Prestigious Society for Neuroscience in Anesthesiology and Critical Care (SNACC) Conference