SciBase: Positive step for US reimbursement of Nevisense

SciBase Holding AB (“SciBase”) [STO:SCIB], a leading developer of augmented intelligence-based solutions for skin disorders, announced today that they have been granted a Category III CPT^®(CPT III) code from the American Medical Association (AMA) for their Nevisense melanoma detection test.

SciBase is therefore very pleased to announce that their CPT III code application for the Nevisense melanoma detection test was approved at the AMA’s October meeting without opposition, according to the CPT Editorial Summary of Panel Action October 2020 which was released on October 30^th.  The code will be published on the 1^st January 2021 and be accessible to providers and payers across the US from the 1^st July 2021.

As yet, the code does not have a payment attached to it, and the company will now focus on securing a suitable payment level and coverage with selected payors. Importantly, when the code is “effective” customers will be able to easily submit claims for reimbursement through existing billing systems. This will help track utilization which will support our efforts to achieve coverage, and our first objective is to achieve local coverage by CMS (Center for Medicare and Medicaid services) in selected states in 2021.

“This approval is an important milestone in our process to secure payment and coverage for our procedure” says Simon Grant, CEO of SciBase “We are very pleased to have secured the approval; very few companies achieve this level of success. The fact that Medicare’s local organisations (Medicare Administrative Contractors  or MACs) have recently changed their policies means they are now open to consider procedures with CPT III codes for coverage. Our goal is for the Nevisense procedure to achieve coverage under Medicare, which would be an important step towards commercial success. We have further work to do in our discussions with payors, but this decision and our inroads in key markets mean we have a good foundation for the remainder of the process”.