PAVmed Inc. operates as a U.S.-based medical technology firm. Its principal commercialized products include CarpX, a percutaneous device designed to address carpal tunnel syndrome. Other key offerings are EsoCheck, an esophageal cell collection device vital for the early detection of esophageal adenocarcinoma and Barrett's Esophagus (BE), and EsoGuard, a specialized bisulfite-converted next-generation sequencing DNA assay. The company's extensive development pipeline further encompasses EsoCure, an esophageal ablation device intended to treat dysplastic BE; PortIO, an implantable intraosseous vascular access device; and NextFlo, a disposable infusion platform technology. Also in development are the Veris cancer healthcare platform, which features an intelligent vascular port for combined remote monitoring and data analytics, alongside Veris cardiac monitors. Additional innovations include NextVent single-use ventilators, FlexMO medical circulatory support cannulas, DisappEAR resorbable pediatric ear tubes, and Solys for noninvasive glucose monitoring. Established in 2014, the enterprise originally traded as PAXmed Inc. before rebranding to PAVmed Inc. in April 2015. Its corporate headquarters are located in New York, New York.
Lucid Diagnostics Advances Multiple EsoGuard® and EsoCheck® Payment, Billing and Coding Pathways
A Medicare Advisory Panel on Clinical Diagnostic Laboratory Tests recommended maintaining EsoGuard's original gapfill payment basis under the Clinical Laboratory Fee Schedule, and CMS has posted a consent agenda reflecting that recommendation with final determinations expected in November after a public comment period.
Separately, the AMA CPT Editorial Panel approved a new Category III CPT code for reporting nonendoscopic esophageal cell collection performed with EsoCheck, giving physicians and health systems a billing pathway to track office-based collection procedures and their outcomes.
A proposed ICD-10-CM diagnosis code (R85.83) for positive EsoGuard results, submitted by Lucid and supported by the American Foregut Society, drew a favorable response from the CDC/NCHS ICD-10 Coordination and Maintenance Committee; once finalized it would let physicians document the rationale for confirmatory endoscopy.
Lucid will begin submitting Medicare claims under EsoGuard's PLA code 0114U at its Texas laboratory this month, while California claims wait until a revised local coverage determination from its pending reconsideration request takes effect — collectively advancing Medicare payment, billing and coding for its esophageal precancer test.