The Centers for Medicare & Medicaid Services and the Food and Drug Administration launched the RAPID Coverage Pathway on Thursday to streamline Medicare coverage for breakthrough medical devices. RAPID, which stands for Regulatory Alignment for Predictable and Immediate Device coverage pathway, synchronizes the FDA's premarket safety review with Medicare's independent coverage determination process to enable faster reimbursement decisions after FDA authorization. The pathway addresses long-standing medical device industry complaints about lengthy Medicare coverage delays, though it stops short of the automatic reimbursement manufacturers have lobbied for. CMS aims to collect and review sufficient data before FDA authorization so Medicare can cover breakthrough devices soon after they reach the market, providing faster patient access to life-changing technologies.
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