boston, August 22, 2022 /PR Newswire/ — figure 8is the digital health company that has developed the most advanced musculoskeletal (MSK) health assessment solution on the market, and the American Medical Association (AMA) has issued a new technology-specific Category III Current Procedural Terms (CPT®) code for FIGUR8 announced today. musculoskeletal technology. The AMA CPT Editorial Board accepted his FIGUR8 request to add a Category III code for using FIGUR8’s sensor fusion system. It combines Inertial Measurement System (IMU) and Surface Mechanomography (sMMG), a proprietary technology developed by FIGUR8 to accurately assess muscle function and health.
“FIGUR8’s sensor fusion system provides best-in-class biomarkers for musculoskeletal health. , is the AMA’s first billing code issued for such a procedure.,” said Gon NanweiCEO and Founder of FIGUR8“The publication of the AMA will enable broad adoption and provide a new avenue to dramatically expand access to FIGUR8’s technology platform among clinicians and healthcare providers. The new CPT code is a game changer in particular because it recognizes as a procedure it offers a new reimbursement channel for physical therapy providers.”
The specific code was assigned after technical review and validation of FIGUR8 by the AMA CPT Editorial Board. Created and maintained by the AMA CPT Editorial Board, the CPT Code is the most widely accepted medical terminology by government payers, including Medicare and Medicaid, as well as private health plans that describe procedures for medical services and reimbursement. . An approved Category III CPT code is valid for at least five years, at which time the AMA may award a Category I code. The Category III CPT Code serves as an important milestone for FDA approval and payment negotiations. The code is already posted on his AMA website, but the new CPT code will go into effect in the CPT codebook. January 1, 2023.
“This milestone furthers FIGUR8’s commitment to providing orthopedic providers with the most accurate precision analysis to measure musculoskeletal function and better tools for clinical efficacy. ” Doctor Michael OverlanderFIGUR8 CHIEF MEDICAL OFFICER“The AMA’s new code is the first major step toward obtaining a CAT I permanent code attached to the RVU for insurance claims and establishes the reimbursement foundation for the FIGUR8 solution for digital laboratory testing. increase.”
FIGUR8’s advanced musculoskeletal assessment solution — developed after years of research and development. MIT Engineers working with Mass General Brigham clinicians — enabling complete musculoskeletal and orthopedic assessments to be performed in minutes. The FIGUR8 solution provides data on key musculoskeletal biomarkers (range of motion, quality of movement, strength, functional mobility, etc.) within 15 minutes to create an accurate, personalized care plan I can.
“FIGUR8 is spearheading the digital transformation of physical examination. As the lead scientist for early development studies of surface mechanomiography (sMMG) sensors, I am extremely proud of the company’s recent achievements.” Doctor Donna Moxley ScarboroughPT, MS, PhD, Senior Sports Medicine Research Scientist, Department of Orthopedic Surgery, Massachusetts General Hospital. “This milestone of FIGUR8 demonstrates the power of collaboration between clinicians, researchers, biomechanists, engineers, and data scientists to provide the healthcare community with opportunities for musculoskeletal health that were previously impossible. The CPT code for the sMMG sensor in FIGUR8 for use in the new clinical setting of the AMA is culminating in providing an impactful new assessment tool for the AMA, applying this technology to help clinicians assess musculoskeletal injuries. It’s an important step to allow us to better monitor muscle integrity for both recovery and prevention of cancer.”
The clinical benefits of the FIGUR8 musculoskeletal rating system are described by Mass General Brigham and Harvard University Ongoing clinical study with Stanford Medical School.
“As a university orthopedic and spine surgeon, I am delighted to hear that FIGUR8 has received approval for the new AMA CPT CAT III code for musculoskeletal measurement techniques. They have also informed me of their recent HITRUST accreditation. ” Todd AlamineMD, Professor of Orthopedic Surgery, Department of Orthopedic Spine, Stanford University Faculty of Medicine“This commitment to PHI security is very important when working with our industry partners, who are currently implementing their technology to evaluate my patients in an RCT on treating spinal stenosis.” As people, these recent milestone achievements by FIGUR8 demonstrate our commitment to the quality, value, and security of the data they generate.”
FIGUR8 technology has been deployed in major healthcare systems, insurance companies, and government agencies. FIGUR8’s technology significantly improves patient outcomes and reduces reinjury rates, while delivering significant cost savings to employers, healthcare systems, and both private health and property and casualty insurers. According to the World Health Organization, more than 1.7 billion people suffer from musculoskeletal conditions. According to the Bureau of Labor Statistics, musculoskeletal disorders account for one of the largest categories of workplace injuries, accounting for more than 50% of a worker’s compensation costs.
About FIGUR8
FIGUR8, MIT The spin-off company is an innovation leader in musculoskeletal (MSK) biometrics, redefining how MSK health is measured to improve clinical and financial outcomes. Our bioMotion Assessment Platform (bMAP) is the first practical solution to accurately and objectively measure MSK function at any point of care. This technology gives patients, providers and payers a complete picture of joint movement and muscle function during dynamic activity. Using movement as a biomarker to improve MSK health. Our powerful, lightweight system combines clinically smart biosensors, intuitive software and artificial intelligence (AI) to improve MSK health from injury through full recovery. www.figure8tech.com
SourceFIGUR8
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