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Coverage, Reimbursement Still Difficult for New Lab Tests

When considering new tests, health insurers want adequate data on test accuracy and clinical value

CEO SUMMARY: Bringing a new proprietary diagnostic test to market is an arduous process. It takes patience and planning to complete the journey from test development to payer reimbursement. This slow process stems from the fact that the healthcare reimbursement system is fragmented, with the three main segments being Medicare, Medicaid, and private payers, each …

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