Myomo’s (MYO) MyoPro Seeks CMS Classification for Medicare Cover

Myomo, Inc. recently achieved a significant milestone with its MyoPro device. The company’s request to the Centers for Medicare and Medicaid Services (CMS) to reclassify the MyoPro as a brace has been published for public comment. Myomo is a pioneering wearable medical robotics company catering to individuals with neurological disorders and upper-limb paralysis. With this development, the company advances with its target to support health equity for medically-qualified Medicare Part B beneficiaries. At present, MyoPro is categorized as durable medical equipment, reimbursed through rental payments. However, Myomo has appealed to CMS to reclassify it as a brace, which historically receives lump-sum payments. Read more >>