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CLAIM #40438 · Medtronic PLC (MDT) · 2024Q2 earnings call · Dec 8, 2023 · due Dec 8, 2025

As you know, the ramp is going to be highly gated by reimbursement, and we've been working that in parallel with the regulatory approval all along.

Sean Salmon · EVP and President, Cardiovascular

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versus commitment · official band 5 percent
Committed
the ramp is going to be highly gated by reimbursement, and we've been working that in parallel with the regulatory approval all along
Reported
The CMS reimbursement, it's a good number and it's broad.

In context

s compelling as the data is and as much as we have. It doesn't even tell the whole story. I mean, you talk to physicians out there that are involved in our trials, and the excitement's palpable in patients. Here, we have a number of patients been on this for years, and talking to them and how it's changed their life. And we're actually having a patient come in and talk to the entire company here in a couple weeks. It's very exciting. And so a big opportunity for patients, and a real big opportunity for us too. And so getting into some of the specifics, you asked about reimbursement. I'll turn that over to Sean, and then we can go to Brett to talk about -- I believe you're asking about the tibial opportunity and but why don't we start with Sean? Sean Salmon: Larry, thanks for the question. As you know, the ramp is going to be highly gated by reimbursement, and we've been working that in parallel with the regulatory approval all along. We see the payer split to be roughly 50:50 between Medicare and commercial payers of private insurance, and we've been, of course, pursuing both local and national, coverage determinations from Medicare. And that's an important input into the private payer decisions that will happen state-by-state and payer-by-payer. We've been in contact with those private payers, the largest ones, certainly. And the response so far has been very open and willing to engage with us to understand our data. And what's particularly of interest to them is the long-term data, which is atypical for a new therapy like this to have thousands of patients out three years from the therapy. So that's encouraging. Of course, you know, the Medicare population is the most important for us and to your question, that ther

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SEC filings for MDT · Claim quote is verbatim from the 2024Q2 earnings call.