Envoy Medical Announces That The American Medical Association Current Procedural Terminology Editorial Panel Has Approved Five Category III CPT Codes For Totally Implantable Active Middle Ear Implants, A Crucial Development For The Co's Already FDA-Approved Esteem Product
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Envoy Medical, Inc. (NASDAQ:COCH) announced the approval of five Category III CPT codes by the AMA for its FDA-approved Esteem® device, a totally implantable active middle ear implant. This development could enhance market adoption and reimbursement opportunities for the device.
October 22, 2024 | 12:19 pm
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Envoy Medical's Esteem® device, the only FDA-approved totally implantable active middle ear implant, has received five new CPT codes from the AMA. This is expected to improve market adoption and reimbursement pathways, potentially boosting the company's market position.
The approval of new CPT codes is a significant regulatory development that can enhance the reimbursement process for the Esteem® device, potentially increasing its market adoption. This is likely to positively impact Envoy Medical's stock price in the short term.
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