NanoVibronix Applies For CMS Reimbursement Code For Its Ultrasound Devices In Efforts to Expand Addressable Market

NanoVibronix Inc NAOV completed the application process with the Centers for Medicare and Medicaid (CMS) to receive a reimbursement code for its UroShield and PainShield Plus devices.
UroShield is already reimbursable in government health institutions, which is included on the Federal Supply Schedule.
Original PainShield, the predecessor to PainShield Plus, is already reimbursable under the unique HCPCS code K1004.
UroShield is an ultrasound-based product designed to prevent bacterial colonization and biofilm on indwelling urinary catheters and increase antibiotic efficacy, ultimately reducing the incidence of catheter-associated urinary tract infections (CAUTI).
UroShield is also intended to decrease pain and discomfort associated with urinary catheter use.
PainShield Plus also utilizes ultrasound therapy to treat pain and various soft tissue injuries without ultrasound gels.
Price Action: NAOV shares are up 20.1% at $2.45 during the market session on the last check Thursday.