regulatory
confidence high
sentiment negative
materiality 0.65
CMS defers Myomo's request to reclassify MyoPro as brace; decision expected Q1 2023
MYOMO, INC.
- CMS declined to rule on Myomo's request to reclassify MyoPro from rental DME to lump-sum brace.
- CMS states it needs more time to evaluate benefit scope for arm and leg braces generally.
- Final determination now expected during the Q1 2023 coding cycle.
- Myomo had requested the reclassification to improve reimbursement terms (lump sum vs rental).