12th Oct 2021 07:00
RNS Number : 7230O
LungLife AI, INC
12 October 2021
LungLife AI, Inc.(the "Company" or "LungLife")
PLA Code application submitted in first step in reimbursement process
LungLife AI (AIM: LLAI), a developer of clinical diagnostic solutions for lung cancer enhanced by artificial intelligence, announces it has submitted its application for a Proprietary Laboratory Analysis (PLA) code to the American Medical Association.
Reimbursement in the US is comprised of three components: code, price, and coverage. The code is the mechanism by which clinical laboratories can more specifically identify their tests when billing Medicare and commercial insurers. If LungLife's application for a PLA code is granted, the code will be priced for Medicare by the Centers for Medicare & Medicaid Services (CMS) in 2022. PLA code applications can be made at four times in the year.
For further information please contact:
LungLife AI, Inc. | www.lunglifeai.com |
Paul Pagano, CEO | Via Walbrook PR |
David Anderson, CFO | |
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Investec Bank plc (Nominated Adviser & Broker) | Tel: +44 (0)20 7597 5970 |
Daniel Adams / Virginia Bull / Cameron MacRitchie | |
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Walbrook PR Limited | Tel: +44 (0)20 7933 8780 or [email protected] |
Paul McManus / Alice Woodings | Mob: 07980 541 893 / 07407 804 654 |
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