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AI Summary
The Health Tech Investment Act aims to amend Medicare payment structures for algorithm-based healthcare services.
Business Impact
If you provide algorithm-based healthcare services under Medicare, you must ensure compliance with new payment structures by implementation date or face payment issues.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
The Health Tech Investment Act seeks to modernize Medicare payment systems to include algorithm-based healthcare services, ensuring appropriate compensation.
Key Provisions
- Amends Medicare payment structures for algorithm-based services.
- Ensures appropriate compensation for healthcare providers using advanced algorithms.
Latest Legislative Action
Read twice and referred to the Committee on Finance.
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Christopher Coons D | Sponsor | SD-DE |
| Jim Banks R | Sponsor | SD-IN |
| Marsha Blackburn R | Sponsor | SD-TN |
| Martin Heinrich D | Sponsor | SD-NM |
| Mike Rounds R | Sponsor | SD-SD |
Compliance Checklist
Adjust billing practices to align with new payment structures.
Who: Healthcare providers using algorithm-based services.
Penalty: Potential reduction in reimbursements.
Who: Healthcare providers using algorithm-based services.
Penalty: Potential reduction in reimbursements.
Related & Companion Bills
Full Legal Analysis
The Health Tech Investment Act proposes amendments to title XVIII of the Social Security Act, focusing on the payment of algorithm-based healthcare services under Medicare. The bill aims to ensure that healthcare providers utilizing advanced algorithms in their services are compensated appropriately. This bill aligns with broader trends in healthcare regulation, emphasizing changes in reimbursement models.
Official Source
Official Bill Text
View SB1399 on official legislature website →
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