Medicare Now Covers Veracyte Diagnostic Tests
What happened
Veracyte, a cancer diagnostics company, secured reimbursement from Medicare for its diagnostic tests. The company recently reported third-quarter financial results for the period ended September 30, 2026. During that quarter, total revenue increased by 15% to $151.8 million, and testing revenue grew 15% to $146.4 million.
From manilatimes.net
Why it matters
The inclusion of Veracyte's tests under Medicare coverage could create a new revenue stream for hospitals that perform the tests. This decision also expands covered services and revenue streams for CMS.
Veracyte, headquartered in San Francisco, CA, offers diagnostic tests through central laboratories in the United States.
From manilatimes.net
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.