Renalytix Secures KidneyIntelX Coverage with BCBSTX and PCHP, Boosting Reach in Texas
Portfolio Pulse from Benzinga Newsdesk
Renalytix has expanded the insurance coverage of KidneyIntelX in Texas by securing contracts with BlueCross and BlueShield of Texas (BCBSTX) and Parkland Community Health Plan (PCHP). This complements coverage already secured with several other Blue Cross Blue Shield plans across the country. The company believes that achieving payer coverage with these large state-wide plans is crucial for bringing the benefits of KidneyIntelX prognostic technology to large populations of adults with type 2 diabetes and early stage kidney disease.
September 22, 2023 | 11:10 am
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POSITIVE IMPACT
The new contracts with BCBSTX and PCHP will likely increase the reach and potential revenue of Renalytix's KidneyIntelX in Texas. This could have a positive impact on the company's stock in the short term.
The new contracts with BCBSTX and PCHP will likely increase the reach of Renalytix's KidneyIntelX in Texas, which could lead to increased usage and revenue for the company. This could have a positive impact on the company's stock as increased revenue generally leads to a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100