|By PR Newswire||
|February 12, 2013 05:10 PM EST||
TAMPA, Fla., Feb. 12, 2013 /PRNewswire/ -- Sleep doctors around the country have awoken to news of shrinking reimbursement rates for the diagnosis and treatment of sleep related breathing disorders . Sleep Apnea Treatment Centers of America (SATCOA), the pioneer of an office-based, obstructive sleep apnea treatment, offers a business opportunity to help Pulmonologists, ENT's and other sleep medicine focused physicians regain their previously strong streams of revenue while offering a great alternative for treatment and a possible cure to their patients.
In the past, physicians affiliated with sleep clinics were seeing hefty reimbursements from insurance carriers. Medicare spending alone on in clinic-sleep diagnostic studies increased 580% in just nine years' time, to $415 million in 2010, according to a report from the US Office of the Inspector General. This rapid increase proved to be unsustainable.
In the present, Medicare along with other private payers are pushing for less-expensive, at home sleep testing that allows patients to bypass a sleep clinic for their diagnostic studies. This is leaving many sleep doctors without a stream of revenue that was common in the field of sleep medicine. Consequently, New England based sleep clinic, Sleep HealthCenters, filed for bankruptcy and abruptly closed all of its 19 locations in January. This is one of many examples that we are seeing fall victim to this drastic change in reimbursement policy.
SATCOA brings balance back to the field of sleep medicine and allows its physicians to offer a curative, highly-reimbursable treatment option for those patients suffering with sleep apnea while replacing lost revenue from the at-home-sleep study movement. Founder and CEO of Sleep Apnea Treatment Centers of America, Dr. Jeffery Silveira has said, "Sleep physicians will have to hold back on their practice and lab expansion. This will result in a significant cut back on the number of labs across the country. Business as usual will simply not survive without innovation and substantive change."
About Sleep Apnea Treatment Centers of America:
Sleep Apnea Treatment Centers of America™ proudly serves the sufferers of sleep apnea by offering a curative solution for sleep apnea. By delivering a healthcare franchise model for expansion, we are able to deliver the highest quality healthcare, the most compassionate customer service representatives, and the most sophisticated business model for sleep physicians. Contact the Director of Business Development, David Williams: 855-863-4537 or visit http://www.CureMySleepApnea.com.
SOURCE Sleep Apnea Treatment Centers of America
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