Just some information I personally obtained calling the Miami office of OPKO. I had a 4Kscore test done because of a high PSA reading and did not want to have a biopsy done without additional conformation. I requested my Urologist to have the test done. He needed to be schooled on the test, but once informed, he recommended having it done, but indicated it would not be paid by my insurance. The test cost $250, but I was told I might be able to get that money back after the test received the code to submit to Medicare or other insurance carriers. The 4Kscore test indicated I should get a biopsy. The biopsy indicated prostrate cancer, which I was treated for over several months and so far everything has turned out very well. The treatment(s) were not that bad but were time consuming, but not painful at all. Some minor diarrhea and urination problems, but all and all, not too bad at all. Enough of my personal situation, so back to OPKO.
The OPKO rep said since my test was done prior to the 4Kscore insurance approval, I could not be reimbursed. The key fact that I learned was the date of approval was July 1, 2015. So, now that the 4Kscorce is officially approved and being HIGHLY recommended to be used by urologists, income from the 4kscore test should start really rolling in this quarter (3rd Q). This "extra" income should show up on the results reported about OCT 15th which these results are reported. Look for a nice spike in income over the estimates, since it is not likely the analysts will account for this new income.
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