Story perspectives

Medicare’s RAPID Program Grants Same-Day Coverage for New Devices

4/24/2026

Summary

Story summary

RAPID will issue Medicare coverage the same day a device receives FDA approval, with coverage targeted within 60-90 days.
Eligibility requires FDA breakthrough status, an IDE study with Medicare beneficiaries, and agreed outcomes.
CMS estimates about 40 devices will initially qualify and roughly 20 more later.
CMS will pause the Transitional Coverage for Emerging Technologies program for candidates.
Dr. Mehmet Oz said the program cuts red tape and speeds access.

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Story summary

RAPID will issue Medicare coverage the same day a device receives FDA approval, with coverage targeted within 60-90 days.
Eligibility requires FDA breakthrough status, an IDE study with Medicare beneficiaries, and agreed outcomes.
CMS estimates about 40 devices will initially qualify and roughly 20 more later.
CMS will pause the Transitional Coverage for Emerging Technologies program for candidates.
Dr. Mehmet Oz said the program cuts red tape and speeds access.