Myomo announced that the Centers for Medicare & Medicaid Services (CMS) posted the final Medicare Durable Medical Equipment, Prosthetics, Orthotics, and Supplies fee schedule payment rates for the MyoPro powered orthosis on February 29.
The final average fee schedule rates for Healthcare Common Procedure Coding System code L-8701, for the Motion W device, and L-8702, for the Motion G device, are $33,480.90 and $65,871.74, respectively.
On January 1, the MyoPro was officially classified in the brace benefit category, which enables reimbursement on a lump sum basis. These final fees become effective on April 1.
“We’re extremely gratified to have reached a successful conclusion with CMS, a process that started in 2018 with the granting of the two HCPCS billing codes,” said Paul R. Gudonis, Myomo’s chairman and CEO.
