Exact Sciences (EXAS) Gains on UnitedHealth (UNH) Coverage Update
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Short target, Exact Sciences (NASDAQ: EXAS) is gaining after-hours on disclosure UnitedHealth will cover Cologuard effective 7/1.
From the documents:
The following changes are effective as of July 1, 2017, date of service point in time (not at renewal):
Preventive Care Services Table:
- Colorectal Cancer Screening:
- Removed 2008 A ratings.
- Added June 2016 A rating.
- Added Code Group 6 for Fecal DNA 81528, limited to once every 3 years. No dx code limit.
- Added FIT to headers. (No impact since coding for FIT is the same as FOBT)
Preventive Care Services Table: Colorectal Cancer Screening: o Removed 2008 A ratings. o Added June 2016 A rating. o Added Code Group 6 for Fecal DNA 81528, limited to once every 3 years. No dx code limit. o Added FIT to headers. (No impact since coding for FIT is the same as FOBT)
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