This excerpt taken from the NURO 8-K filed Oct 28, 2008.
On October 25, 2008 the American Medical Association (AMA) CPT Editorial Panel considered nerve testing as an agenda item. The Editorial Panel voted on whether to create a new Category I CPT code for nerve conduction studies performed with pre-configured electrode arrays, such as are utilized with the NeuroMetrix NC-stat System. Following its procedures, the CPT Editorial Panel will release the outcome of the vote when the minutes of the meeting are finalized and approved.
This excerpt taken from the NURO 8-K filed Jul 1, 2008.
Item 8.01. Other Events.
On July 1, 2008 the American Medical Association (AMA) CPT Editorial Panel electronically published new Category III CPT codes that could become effective January 1, 2009, as implemented by various insurers. There were no Category III CPT codes published relating to nerve conduction studies performed using the NC-stat System.
The AMA CPT Editorial Panel may publish CPT codes or coding recommendations at a future date for nerve conduction study procedures such as those utilized with the NC-stat System. These codes or recommendations could take the form of existing or new Category I codes, an unlisted Category I code, or Category III codes.
Should a Category III CPT code be published which describes nerve conduction studies such as those currently performed with the NC-stat System, then it would likely result in limited or no Medicare reimbursement for procedures using the NC-stat System since no specified reimbursement values would be assigned to this code, and could also adversely impact reimbursement by other third-party payers. The publication by the AMA of recommendations for reimbursement of nerve conduction studies could also potentially adversely impact reimbursement for procedures using the NC-stat System.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.