Profound Medical Announces CMS Extension Of Temporary 'Code' For TULSA To ASC Setting; To Go Into Effect Jan. 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Profound Medical has announced that the Centers for Medicare & Medicaid Services (CMS) has extended the temporary 'code' for TULSA to the Ambulatory Surgical Center (ASC) setting. This will go into effect from January 1, 2024.
November 03, 2023 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Profound Medical's TULSA procedure has received a CMS code extension to the ASC setting, which could potentially increase its usage and revenue.
The extension of the CMS code for TULSA to the ASC setting means that the procedure can now be performed in more healthcare facilities. This could potentially lead to an increase in the usage of the procedure, which would in turn lead to increased revenue for Profound Medical. Therefore, this news is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100