Good News for COVID-19 Testing Companies: Medicare Nearly Doubles Reimbursement [The Motley Fool]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: The Motley Fool
Brian Orelli(TMFBiologyFool)Author BioDr. Orelli is a Senior Biotech Specialist. He has written about biotech, pharmaceutical, and medical device companies for The Motley Fool since 007.Follow @BiologyFoolAs of Tuesday, the Centers for Medicare and Medicaid Services (CMS) began paying laboratories $00 for eachCOVID-9"This is an absolute game-changer for nursing homes, where risk of coronavirus infection is high among our most vulnerable," CMS Administrator Seema Verma said in a statement.The increased reimbursement will benefit diagnostic companies, such asLaboratory Corporation of AmericaNYSE:LHQuest DiagnosticsNYSE:DGXrunning COVID-9 tests for over a monthImage source: Abbott Labs via PRNewswireIt's less clear how much of the increased reimbursement will trickle through to thecompanies that developed those testsRoche HoldingOTC:RHHBYThermo Fisher ScientificNYSE:TMONYSE:ABTThe American Clinical Laboratory Association (ACLA), a trade group of diagnostic testing laboratories, praised t
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ABT
News
- Abbott Laboratories (NYSE: ABT) had its price target lowered by analysts at Bank of America Co. from $125.00 to $115.00.MarketBeat
- Abbott Hosts Conference Call for First-Quarter EarningsPR Newswire
- FDA sketches out plan to bolster fragile US infant formula supply management [CBS News]CBS News
- FDA sketches out plan to bolster fragile US infant formula supply management [CNN]CNN
- Abbott Laboratories (NYSE: ABT) is now covered by analysts at UBS Group AG. They set a "buy" rating on the stock.MarketBeat
ABT
Earnings
- 1/25/23 - Beat
ABT
Sec Filings
- 3/17/23 - Form ARS
- 3/17/23 - Form DEFA14A
- 3/17/23 - Form DEF
- ABT's page on the SEC website