Toronto, Ontario – TheNewswire – November 29, 2021 - Ventripoint Diagnostics Ltd. ("Ventripoint" or the "Company"), (TSXV:VPT); (OTC:VPTDF) is pleased that the U.S. Department of Health and Human Services (HHS) through CMS (Centers for Medicare & Medicaid Services) has approved a new compensation for doctors to analyze 3D echocardiograms.

“3D echocardiograms are regarded as the future technique for heart analysis due to the speed of collecting a single holographic image of the whole heart and the extra fee for cardiologists for analyzing these scans should accelerate the adoption of 3D technology,” stated Dr. George Adams CEO of Ventripoint. “The unique ability of the VMS+ technology to analyze both 2D and 3D image datasets for the whole heart makes for a bright future for the Company.”

At the recommendation of the AMA (American Medical Association), the CMS has finalized a CPT (Current Procedural Terminology) billing code (+93319) for 3D echocardiographic imaging and postprocessing during transesophageal or transthoracic echocardiography.  Effective January 1, 2022, the CPT billing code can be used by doctors and hospitals to claim reimbursement from payers (Medicare, Medicaid, insurance companies, etc.).

This is a significant development for 3D echocardiography, which has struggled to be adopted due to poor image quality and difficulty of analysis.  Our 3D echo VMS+ product has recently been shown (https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8250005/) to yield excellent results in 75% of children for the most difficult heart chamber, the right ventricle. The Company believes it can accelerate the adoption of 3D echocardiography by improving the ease and success rate of reading the exams and generating MRI-grade measurements for all 4 chambers of the heart.  

There will always be a need for VMS+3.0 to analyze 2D echocardiography exams for the 25% of patients who generate unreadable images in 3D scans.  The VMS+ systems (2D and 3D) are fast and reliable ways to assist in diagnosing and monitoring patients with heart defects and other cardiac issues.  Now the VMS+ 3D can also help in driving the adoption of an additional source of billable income for doctors.

About Ventripoint Diagnostics Ltd.

Ventripoint has become an industry leader in the application of AI (Artificial Intelligence) to echocardiography. Ventripoint's VMS products are powered by its proprietary KBR technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI. This affordable, gold-standard alternative allows cardiologists greater confidence in the management of their patients. Providing better care to patients serves as a springboard and basic standard for all of Ventripoint's products that guide our future developments. In addition, VMS+ is versatile and can be used with all ultrasound systems from any vendor supported by regulatory market approvals in the U.S., Europe and Canada.

For further information, please contact:

Dr. George Adams

gadams@ventripoint.com

519-803-6937

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