CMS, FDA launch RAPID coverage pathway for breakthrough devices
CMS and the FDA have formally launched the RAPID Medicare Coverage pathway for FDA-designated breakthrough devices. This new program aims to accelerate national Medicare coverage decisions, potentially within six months of FDA market authorization, by aligning CMS and FDA reviews. The pathway is voluntary for device sponsors and begins immediately. For billing teams, this signals that coverage for novel, high-impact devices could arrive faster and with more predictable timelines. Monitor CMS transmittals for specific devices entering the program, as coverage determinations will be posted publicly.