Orthofix Medical Shares Rise After Medicare Billing for Bone Growth Stimulators Expected to Return to Prior Rates

MT Newswires Live

07/07

Orthofix Medical (OFIX) shares were up 17% in Monday afternoon trading after the company said late Thursday it expects average Medicare reimbursement for non-invasive bone growth stimulators to return to rates prior to May 18.

Last Wednesday, the Centers for Medicare & Medicaid Services withdrew the reclassification of non-invasive bone growth stimulators from class III to class II devices that modified certain billing requirements and Medicare fee schedule treatment, the company said in a filing with the US Securities and Exchange Commission.

Price: 11.64, Change: +1.70, Percent Change: +17.05

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Medicaid Services withdrew the reclassification of non-invasive bone growth stimulators from class III to class II devices that modified certain billing requirements and Medicare fee schedule treatment, the company said in a filing with the US Securities and Exchange Commission.</p><p>Price: 11.64, Change: +1.70, Percent Change: +17.05</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"醫療保健設備","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649676587","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649676587","pubTimestamp":1783363022,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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