iRhythm sinks after Baird calls Novitas rates 'really low' Shares of iRhythm are down $85.15, or 34%, to $165.85 in morning trading after Baird analyst Mike Polark said the company's rates from Novitas look "really low" and "way lower" than rates for T-codes. Medicare administrative contractors, or MACs, such as Novitas, work with the U.S. government to decide how much iRhythm will be reimbursed for use of its products. (只是 发个 news, 不对此股持任何牛熊看法）
iRhythm Says Believes ''published rates by Novitas on January 29, 2021, are crosswalked from CPT codes 93224 and 93226, which are existing CPT codes for external continuous electrocardiographic recording up to 48 hours.''
公司反击了，速度够快（这公司是卖心电图仪器等医疗设备的） SAN FRANCISCO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, commented on the recent publication by Novitas Solutions ("Novitas") of rates applicable to the Current Procedural Terminology (CPT) codes 93241, 93243, 93245 and 93247.
Following the Centers for Medicare and Medicaid Services (CMS) Calendar Year 2021 Medicare Physician Fee Schedule (MPFS) Final Rule published on December 1, 2020, iRhythm has been coordinating with other industry participants to seek appropriate carrier pricing for CPT codes 93241, 93243, 93245 and 93247. iRhythm submitted a meeting request with Novitas on January 3, 2021. iRhythm anticipates meeting with Novitas but the meeting has not yet been scheduled.
The Company believes that the published rates by Novitas on January 29, 2021, are crosswalked from CPT codes 93224 and 93226, which are existing CPT codes for external continuous electrocardiographic recording up to 48 hours.
(只是 发个 news, 不对此股持任何牛熊看法）
公司反击了，速度够快（这公司是卖心电图仪器等医疗设备的）
SAN FRANCISCO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, commented on the recent publication by Novitas Solutions ("Novitas") of rates applicable to the Current Procedural Terminology (CPT) codes 93241, 93243, 93245 and 93247.
Following the Centers for Medicare and Medicaid Services (CMS) Calendar Year 2021 Medicare Physician Fee Schedule (MPFS) Final Rule published on December 1, 2020, iRhythm has been coordinating with other industry participants to seek appropriate carrier pricing for CPT codes 93241, 93243, 93245 and 93247. iRhythm submitted a meeting request with Novitas on January 3, 2021. iRhythm anticipates meeting with Novitas but the meeting has not yet been scheduled.
The Company believes that the published rates by Novitas on January 29, 2021, are crosswalked from CPT codes 93224 and 93226, which are existing CPT codes for external continuous electrocardiographic recording up to 48 hours.