BG Medicine said this week that the Centers for Medicare and Medicaid Services have assigned a payment rate for the company's BGM Galectin-3 test under a new analyte-specific Current Procedural Terminology code that will go into effect Jan. 1, 2013.

The company added that CMS declined BG Medicine's request for a higher payment rate under this new code and will instead crosswalk the payment rate to the CPT code under which the test is currently paid.

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