Positron Sees Cardiac PET as the Future of Nuclear Cardiology
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INDIANAPOLIS--(Business Wire)-- Positron Corporation (OTCBB:POSC) a molecular imaging solutions company focused on Nuclear Cardiology, expects the evolution from cardiac SPECT to cardiac PET imaging will be greatly accelerated with the recent changes in reimbursement from the Centers for Medicare & Medicaid Services (CMS) set for 2010. The Medicare Physician Fee Schedule outlines the payment rates for medical services paid to private physicians in the outpatient office setting. This document states that Myocardial PET perfusion imaging was increased 20% to $1,432.87 per study. The Schedule also states that Cardiovascular SPECT reimbursement for outpatient cardiology practices billing under CPT codes has been reduced by 36% representing a differential of greater than $1,000 between tests. Joseph Oliverio, Chief Technology Officer of Positron Corporation stated, "An elevated concern over existing Molybdenum shortages, patient radiation exposure, and increased PET reimbursement combined with cuts for SPECT imaging has resulted in industry experts designating Cardiac PET as the immediate future of Nuclear Cardiology." Mr. Oliverio also went on to state, "Positron`s Attrius, which is optimized for Cardiac PET imaging, is the ideal solution for Cardiologists looking to add new technology to their practice. Positron`s PET scanner, with its robust software package, will help physicians provide a more accurate diagnosis for patients, a reduction of unnecessary downstream procedures and a very attractive economic alternative to SPECT. Additionally, there are new PET myocardial perfusion agents in clinical phase III trials and more than three other Cardiovascular PET specific radiopharmaceuticals in clinical phase I & II, which will quickly drive demand for Positron`s Attrius Cardiac PET system, the only new PET only device available today." Source: Centers for Medicare & Medicaid Services (CMS) 2010 Medicare Physician Fee Schedule. About Positron: Positron is a molecular imaging company focused on Nuclear Cardiology. Positron utilizes its proprietary product line to provide unique solutions to the Nuclear Medicine community ranging from imaging to radiopharmaceutical distribution. Positron products include: the Attrius, a PET imaging device; the Pulse, a SPECT imaging device; the Nuclear Pharm-Assist, an automated radiopharmaceutical distribution device; and the Tech-Assist, a radiopharmaceutical injection shield. More information about Positron is available at www.positron.com. Forward Looking Statements: Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Positron Corporation to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission. Positron Corporation Joseph Oliverio, (317)576-0183 Copyright Business Wire 2009
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