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Myomo® Application for Medicare Codes Receives Favorable Preliminary Decision
Business Wire
Business WireMay 14, 2018
CAMBRIDGE, Mass.--(BUSINESS WIRE)--
Myomo, Inc. (NYSE American:MYO) (“Myomo,” or the “Company”), a wearable medical robotics company, announces that the Centers for Medicare & Medicaid Services ("CMS") has published a favorable preliminary decision regarding the Company’s application for Healthcare Common Procedure Coding System (HCPCS) “L” codes. Myomo had filed its application in December 2017 to have CMS establish two new Level II HCPCS codes to describe “microprocessor-controlled, custom fabricated upper extremity braces.”
"We are very grateful to CMS and the whole HCPCS Workgroup for their preliminary decision to assign L Codes for our MyoPro line of powered orthoses," said Myomo Chief Medical Officer Dr. Brandon Green. "