A New Medicare Ruling Could Give Virtual Reality Companies an Easier Path to Payment

Senior Policy Advisor Miranda Franco was cited in a STAT article centered on how the Centers for Medicare & Medicaid Services (CMS) are making the path to payment for virtual reality companies in the healthcare industry slightly smoother. By granting AppliedVR, a company targeting chronic back pain, and its flagship product, ReliefVRx, a place in its benefits category, CMS will allow providers to be able to bill for its device as durable medical equipment. The next step is to determine the price and guaranteeing coverage from CMS. Ms. Franco commented that one of the factors working in AppliedVR's favor is that it offers a pain relief treatment beyond opioids.

“I think there is a desire to move this along, as long as it’s proven to be safe and effective,” Ms. Franco said.

READ: A New Medicare Ruling Could Give Virtual Reality Companies an Easier Path to Payment (Subscription required)