April 23, 2007 — CardioNet Inc., a provider of wireless mobile cardiac outpatient monitoring solutions, in partnership with Cardiac Telecom, a cardiac outpatient telemetry monitoring company, has announced today the formation of the Arrhythmia Detection and Alarm Consortium (ADAAC).
Created to focus exclusively on addressing issues related to products cleared by the FDA as arrhythmia detection and alarm systems, ADAAC will initially work with the AMA, ACC, HRS, and other industry groups to obtain appropriate CPT coding for its technology. Previously, the Remote Cardiac Services Provider Group (RCSPG) served to broadly represent the interests of all remote cardiac services manufacturers and providers.
Cardiac Telecom and CardioNet have been actively servicing patients with this technology since 1998 and 2002, respectively, and are the only companies currently allowed to bill Medicare under the HGSA M-60D policy. Recognizing their position as the only firms competent to comment on coverage, coding, and reimbursement issues affecting their technology, the two companies joined together to form ADAAC.
ADAAC will be open to all qualified manufacturers of arrhythmia detection and alarm system devices.
For more information visit www.cardionet.com or www.pdsheart.com.