From Seekingalpha · · 40s
AVITA Medical Shares Jump 329% as Medicare Resets Billing Codes
AVITA Medical shares surged 329% in a year as Medicare resets billing codes next week.
In brief
AVITA Medical shares surged 329% in a year as Medicare resets billing codes next week. AVITA Medical's shares rose 329% in a year after Medicare resets billing codes effective January 1. Originally reported by Seekingalpha.
AVITA Medical Shares Jump
AVITA Medical shares rose 329% in a year as Medicare resets billing codes next week.
Medicare Billing Reset Effective Jan 1
Medicare replaces regional billing rates with nationalized rates effective January 1.
RCEL Revenue Growth
AVITA Medical reported third quarter revenue growth of 53%.
RCEL's ReceLL System
RCEL's RECELL system accounts for 86% of revenue and benefits from Medicare rate changes.
At a glance
AVITA Medical's shares rose 329% in a year after Medicare resets billing codes effective January 1.
