Myomo Announces It Has Entered Into The First Contracts That Will Allow MyoPro To Be Provided To Patients Covered By Private Insurance On An In-Network Basis
Portfolio Pulse from Benzinga Newsdesk
Myomo, Inc. has entered into contracts with Blue Cross Blue Shield of Massachusetts and Paradigm to provide its MyoPro device to patients covered by private insurance on an in-network basis. This development could expand Myomo's market reach significantly.
October 31, 2024 | 8:40 pm
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Myomo, Inc. has secured contracts with major insurers, Blue Cross Blue Shield of Massachusetts and Paradigm, to provide MyoPro on an in-network basis. This could significantly expand Myomo's market reach and patient access.
The contracts with Blue Cross Blue Shield of Massachusetts and Paradigm allow Myomo to offer its MyoPro device to a larger patient base under private insurance. This is likely to increase sales and revenue, positively impacting the stock price.
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