regulatory
confidence high
sentiment positive
materiality 0.70
CMS finalizes Medicare fee schedule for Myomo's MyoPro at $33,481-$65,872 per device
MYOMO, INC.
- CMS final fee schedule rates: L8701 (Motion W) $33,480.90, L8702 (Motion G) $65,871.74, effective April 1, 2024.
- MyoPro classified as brace benefit category on Jan 1, 2024, enabling lump-sum reimbursement.
- CEO Paul Gudonis calls it 'important milestone' for Medicare Part B beneficiaries and the company.
- Process started in 2018 with HCPCS coding; now final rates enable billing.