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Wednesday, September 16, 2020

Myomo rallies on Medicare provider status

Thinly traded nano cap Myomo (NYSEMKT:MYO) jumps 51% premarket on increased volume on the heels of its authorization to be a Medicare provider by the Centers for Medicare & Medicaid Services (CMS), allowing it to bill Medicare directly for its devices.

The company is now included in the Medicare Supplier Directory when it delivers its MyoPro powered orthosis in 39 states and the District of Columbia. It is working to complete the requirements in the remaining states.

https://seekingalpha.com/news/3614462-myomo-rallies-on-medicare-provider-status

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