It's not been an ideal summer for the Glaukos Corporation, which took a couple of significant blows in July when the US Centers for Medicare & Medicaid Services (CMS) recommended cuts to reimbursement for the company’s iStent device used in cataract surgeries.
First, in its 13 July Physician Fee Schedule (PFS), CMS proposed combining the cataract surgery and stent placement codes – currently two separate codes – into one code, lowering the physician reimbursement rate for the iStent procedure during cataract surgery 38%
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