MiMedx and Organogenesis stocks tumble after CMS proposal to slash spending [Yahoo! Finance]
MiMedx Group, Inc (MDXG)
Last mimedx group, inc earnings: 4/28 07:00 am
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Source: Yahoo! Finance
Medicare & Medicaid Services (CMS) proposed a rule that would drastically cut Medicare spending on skin substitutes. The proposal, part of the CY 2026 Medicare Physician Fee Schedule, aims to reclassify skin substitutes as "incident-to supplies" rather than biologicals for Medicare payment purposes. This change is expected to reduce spending on these products by nearly 90%, according to CMS. Medicare spending on skin substitutes has skyrocketed from $256 million in 2019 to over $10 billion in 2024, which CMS attributes to "abusive pricing practices" and use of products with limited evidence of clinical value. Current payment rates for skin substitutes can reach as high as $2,000 per square inch. The proposed rule would significantly impact companies like MiMedx and Organogenesis, which specialize in skin substitutes and wound care products. Both companies derive substantial revenue from Medicare reimbursements for these treatments. CMS Administrator Dr. Mehmet Oz stated, "We a
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MDXG
News
- MIMEDX Enters into Exclusive U.S. Distribution Agreement for RegenKit®-Wound Gel [Yahoo! Finance]Yahoo! Finance
- MIMEDX Enters into Exclusive U.S. Distribution Agreement for RegenKit®-Wound GelGlobeNewswire
- With 47% stake, MiMedx Group, Inc. (NASDAQ:MDXG) seems to have captured institutional investors' interest [Yahoo! Finance]Yahoo! Finance
- MIMEDX Announces Publication in the Journal of Inflammation Focused on Immunomodulatory Effects of Purion® Processed Human Amniotic Membrane Allografts In Vitro [Yahoo! Finance]Yahoo! Finance
- MIMEDX Announces Publication in the Journal of Inflammation Focused on Immunomodulatory Effects of Purion® Processed Human Amniotic Membrane Allografts In VitroGlobeNewswire
MDXG
Earnings
- 10/29/25 - Beat
MDXG
Sec Filings
- 11/10/25 - Form 4
- 11/6/25 - Form 144
- 10/29/25 - Form 8-K
- MDXG's page on the SEC website