Medicare Revenue Rises 11% as Tactile Medical Reports Q3 Earnings
1 report, 1 independent
Updated Sun 00:00
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What happened
Tactile Systems Technology reported third-quarter revenue of $91.9 million, which was up 7.1% from the previous year. The company reported that Medicare revenue increased by approximately 11%.
From themarketsdaily.com
Why it matters
The 11% rise in Medicare revenue reflects strong demand for the company's lymphedema products, which grew 13% year over year. This growth was attributed to sales-force investments, customer-relationship-management technology, and clinician education programs.
From themarketsdaily.com
Who's involved
- MedicareUS federal health insurance program that generated the reported revenue
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The entities involved
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Medicare
US federal health insurance
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