regulatory
confidence high
sentiment positive
materiality 0.85
Medicare finalizes coverage for Renalytix's kidneyIntelX.dkd at $950/test effective Aug 1, 2024
Renalytix plc
- Medicare issued final Local Coverage Determination (LCD) for kidneyIntelX.dkd; effective dates of service on/after August 1, 2024.
- Established Medicare price is $950 per test; distinct CPT codes published in CMS 2024 Clinical Lab Fee Schedule.
- Coverage applies to patients with Type 2 diabetes and Stage 1-3b Chronic Kidney Disease per FDA label.
- LCD issued by National Government Services (NGS), a Medicare Administrative Contractor for the company's NYC lab.
- CEO expects coverage to prompt additional major insurance decisions and accelerate test adoption.