User:Dflovett/Preceptis Medical
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Preceptis Medical is a medical device company based in Plymouth, Minnesota, specializing in pediatric tympanostomy tubes. The company's flagship product is the Hummingbird™ Tympanostomy Tube System, noted for being one of the only ear tubes that can be inserted without general anesthesia.
History
[edit]Preceptis was founded in 2011 as a startup.[1] In 2013, Preceptis won the grand prize at The Minnesota Cup, a competition that awards innovative business ideas.[2]
In 2020, it was granted FDA clearance for children 6 to 24 months of age.[3] In 2022, the FDA cleared the Hummingbird Tympanostomy Tube System to be used in children 6 months old and older.[4]
In 2024, the Centers for Medicare & Medicaid Services assigned a Healthcare Common Procedure Coding System (HCPCS) code to the Hummingbird® TTS procedure. This coding supports the adoption of the Hummingbird system by providing clear reimbursement pathways for ENT specialists.[5]
Lack of anesthesia
[edit]The Hummingbird is notable for the lack of anesthesia.[6]
References
[edit]- ^ Schaust, Sam. "Preceptis Medical is Seeking $1M". Twin Cities Business.
- ^ "Minnesota Cup Names 2013 Grand Prize Winner Of $65K". Twin Cities Business.
- ^ "New Medical Device and Therapeutic Approvals in Otolaryngology: State of the Art Review 2020". National Library of Medicine.
- ^ Weldon, Ross. "FDA clears ear tube device for all children aged 6 months or older". Healio.
- ^ "Preceptis Medical Announces New CMS HCPCS Code for Pediatric Tympanostomy Procedures". AP News.
- ^ "'Hummingbird' Is Game Changer For Costly Ear Tube Procedures". CBS News.