iRhythm Technologies Notes on CMS Calendar Year 2022 MPFS | Financial Buzz

iRhythm Technologies Notes on CMS Calendar Year 2022 MPFS

iRhythm Technologies, Inc. (NASDAQ: IRTC) has commented on the Centers for Medicare and Medicaid Services (CMS) Calendar Year 2022 Medicare Physician Fee Schedule (MPFS) Final Rule.  CMS did not issue national pricing and continued carrier pricing for calendar year 2022 on CPT codes 93241, 93243, 93245 and 93247 for extended external ECG monitoring.  “While we are disappointed that national pricing was not included in the 2022 physician fee schedule, we are appreciative that CMS continues to engage with industry and other stakeholders to further their understanding of the cost components of AI-based solutions such as iRhythm’s Zio service. We firmly believe that national pricing remains the best option for all stakeholders,” said Quentin Blackford, iRhythm President and CEO. “In the meantime, we will continue to work with the MACs to provide information for the Calendar Year 2022 rate setting process and believe the Final Rule is potentially constructive in our conversations with the MACs. We will share updates at the appropriate time.”

In the company’s third quarter 2021, iRhythm will include remarks on this last ruling by CMS, on Thursday, November 4th, 2021 at 1:30 p.m. PT / 4:30 p.m. ET.  Investors may tune in by accessing the live and archived webcast of the event on the Investors section of the company’s website at www.irhythmtech.com.

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