Does anyone know about reimbursement for the recently approved sensor. Statment said labeling required it to be used in conjunction with currently approved methods. Thus, it cannot be used alone and therefore seems unlikely reimbursable.
Plus, is this thing really cheap enough to be a disposable every three days (or even every week per pending updated clinical)?
That is the problem. A device that can only give an alert, is nothing more then a replicant of Medtronics "Gurdian", and that is NO blockbaster. shur everybody talk about the future when the sensor could be integrated in an Insulin pump, but that is just speculations and only comes to prove how lame the current product is.
Reimbursement does not exist for this device. As a matter of fact, MDT request for reimbursement for their similar device was just rejected.
You can find info on pricing on the copany website. The start up kit is $800, includes two sensors. Replacement sensors i.e. every 3 days are $35 a piece. So annual cost for use of this device is ~ $5,000.