Second Sight Announces Final 2019 Medicare Hospital Outpatient Payment Rate for the Argus II Retinal Prosthesis System

Source: Second Sight Medical Products

Second Sight Medical Products announced that the Centers for Medicare & Medicaid Services (CMS) has finalized its Medicare hospital outpatient payment rate of $152,500 for the Argus II Retinal Prosthesis System and the associated surgical implantation procedure for calendar year 2019.

We are delighted to have received CMS’ final 2019 outpatient payment rate, which provides Medicare patients continued access to our life changing technology,” Will McGuire, President and Chief Executive Officer of Second Sight, said in a company news release. “We are also happy to see the change in methodology that considers multiple years of historic data when setting a rate for a low volume device such as Argus. We believe this change will temper future year-to-year fluctuations in the reimbursement rate.”

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