Bipartisan Legislation Introduced to Improve Access to AI-Enabled Healthcare Devices

The Health Tech Investment Act, introduced by Congressman John Joyce and a bipartisan group of lawmakers, seeks to enhance access to AI-enabled healthcare devices by establishing a temporary New Technology Ambulatory Payment Classification for FDA-approved devices. This classification aims to collect vital data on delivery and service costs over five years, which will support the development of permanent payment codes by the Centers for Medicare and Medicaid Services (CMS). By ensuring accurate reimbursement, the legislation is designed to promote innovation in healthcare technology and facilitate access to advanced medical devices, especially for small and rural hospitals. Ultimately, it underscores the pressing need for healthcare systems to adapt to AI advancements, ensuring that Medicare beneficiaries receive high-quality care.

Opens on johnjoyce.house.gov