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Cardio Diagnostics Receives Gapfill Payment Rates for AI-Driven Cardiovascular Tests from the Centers for Medicare and Medicaid Services (CMS)

1. Cardio Diagnostics received preliminary gapfill payment rates for its diagnostic products. 2. Epi+Gen CHD™ rates at $350; PrecisionCHD™ rates at $684.76.

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FAQ

Why Bullish?

The payment rates signify Medicare's recognition of CDIO’s products, enhancing revenue potential. Historical precedents show that favorable reimbursement rates often correlate with stock price increases.

How important is it?

The announcement directly correlates to anticipated revenue increases, which can drive stock performance.

Why Short Term?

Immediate financial implications can arise from the approved payment rates, likely boosting sales projections.

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CHICAGO--(BUSINESS WIRE)--Cardio Diagnostics CMS has issued preliminary gapfill payment rates of $350 for Epi+Gen CHD™ and $684.76 for PrecisionCHD™.

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