Investor Presentaiton
Nova Eye Glaucoma Surgical Device Reimbursement Transaction in USA
Illi
Eye surgeon selects
Nova Eye product
Nova Eye delivers the
product to the Facility and
invoices the Facility.
The operating notes are submitted to
Medicare Administrative Contractor
(MAC) responsible for that
geographic area (1)
# =
$
+
Eye surgeon operates in a facility
which is either a Hospital (HOPD) or
an Ambulatory Surgery Centre
(ASC) and advises purchasing
department to issue an order to
Nova Eye for the product
(1) Medicare for patients older than 65-years, certain private payors for other patients
(2) Center for Medicare and Medicaid Services
Eye surgeon conducts the
surgery. CMS (2) reimbursement
code specified in surgery
operating notes.
The MAC will pay the claim on
behalf of CMS in two parts; a
payment to the Facility ( fee to
either HOPD or ASC) and a
payment to the eye surgeon
(Physician Fee)
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