Milestone Scientific Expands Market Presence with Medicare Price Assignment and Direct Sales Initiatives
Milestone Scientific, a leading developer of computerized drug delivery instruments specializing in painless and precise injections, announced two significant developments that are set to bolster its market presence and drive growth. The company has secured a Medicare Part B Physician payment rate for its CompuFlo Epidural System and has also commenced direct sales of its STA Single Tooth Anesthesia System through a partnership with Meridian Endo & Perio.
The Medicare price assignment for the CompuFlo Epidural System marks a major breakthrough for Milestone Scientific. Novitas Solutions, Inc. a Jurisdictional Medicare Administrative Contractor (JMAC), granted the Medicare Part B Physician payment rate under the American Medical Association’s (AMA) technology-specific Category III Current Procedure Terminology (CPT) code CPT0777T. This code specifically covers real-time pressure-sensing epidural guidance systems used alongside a primary ESI procedure. The assigned payment rate opens up opportunities for Milestone Scientific to expand the adoption of its innovative system among physicians and healthcare providers in Texas, Pennsylvania, New Jersey, Maryland, Colorado, Oklahoma, Louisiana, Arkansas, Mississippi, New Mexico, the District of Columbia, and Delaware.
The CompuFlo Epidural System has been highly regarded by medical professionals, including Omaha Pain Physicians founder and medical director, Dr. Matthew Stottle. Following a successful evaluation, Dr. Stottle reported a 100% success rate, highlighting the effectiveness and reliability of the system. This endorsement from a respected industry expert further validates the CompuFlo Epidural System’s potential to transform epidural procedures and reduce patient discomfort.
In addition to the Medicare assignment, Milestone Scientific has also made significant strides in expanding its market reach with the commencement of direct sales of its STA Single Tooth Anesthesia System. The company has partnered with Meridian Endo & Perio, a renowned endodontics, periodontics, and implant dentistry practice with three offices in Wisconsin. This collaboration opens up a new avenue for Milestone Scientific to tap into the dental market, providing dental professionals with a painless and precise solution for administering local anesthesia during dental procedures.
The STA Single Tooth Anesthesia System has revolutionized dental anesthesia, offering a needle-free and virtually painless approach. By eliminating the discomfort associated with traditional injections, the system greatly improves the patient experience while maintaining precise anesthesia delivery. With the support of Meridian Endo & Perio, Milestone Scientific aims to expand its customer base within the dental industry while continuing to innovate and enhance its product offerings.
The recent developments by Milestone Scientific highlight the company’s commitment to advancing painless and precise drug delivery. By securing Medicare price assignment for the CompuFlo Epidural System and forging partnerships in the dental sector, the company is poised for significant growth and market expansion. Healthcare professionals and patients alike can look forward to the continued advancements and contributions of Milestone Scientific in revolutionizing drug delivery systems and improving patient care.
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