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  • hwmccusker hwmccusker Mar 18, 2013 8:58 AM Flag

    It’s all about reimbursement.

    CMXI recently received protocol approval under the coverage with the Evidence Development (CED) program, and detailed coding and payment instructions have now been issued to CMS’ regional contractors and fiscal intermediaries. Medicare beneficiaries will be able to be treated with AutoloGel for non-healing chronic wounds. Medicare contractors have been instructed to pay claims in the following care settings: hospital outpatient departments, skilled nursing facilities, rural health clinics, comprehensive outpatient rehabilitation facilities, federally qualified health centers, and critical access hospitals. Claims processing will begin with an implementation date of 7/1/13 for claims with dates of service after 8/2/12. CMXI closed at $0.52 on 3/15/13; it’s news but a furtherance of the 3/4/13 release. CMXI has been bouncing between $0.50 to $0.53 since 2/21/13 after the drift downward on 2/20/13 and financing. The 50 day moving average is $0.60 and the 200 settles at $0.76 – in a down market CMXI should slip back and forth – a penny or two.

    Sentiment: Buy

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0.34-0.01(-2.86%)Nov 13 3:59 PMEST

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