CLAIM #40519 · Medtronic PLC (MDT) · 2024Q4 earnings call · May 23, 2024 · due Sep 30, 2024
“We're also changing guidelines in Europe. We expect that to happen late this summer, which will help with adoption there.”
Sean Salmon · EVP, President Cardiovascular Portfolio
In context
“arts to make things tick upward for us. We'll look toward the final inpatient rule for outpatient reimbursement. That will be in the kind of late July time frame. I don't know if that's going to be there. But the vast majority of our procedures are going to occur in the outpatient setting, and we're pursuing both transition payment there as well as, most importantly, national coverage determination with evidence development. And we're in active conversations with CMS on that and, of course, pay private payers. So we expect the contribution to begin this year, as Geoff said, at the outset, paying down timing. It's not like we have a statutory date on these things, it's just when these come through. But suffice it to say, there's a huge effort to get that reimbursement established in place. We're also changing guidelines in Europe. We expect that to happen late this summer, which will help with adoption there. And we've got new approvals, not just China, but also Health Canada. Those would be catalysts. But it really is -- the most important thing is unlock on reimbursement and that's a full court press for us. Geoff Martha: Okay. Que, you want to answer the diabetes one? Que Dallara: Yes. We filed the Simplera Sync, which is the integrated sensor with 780G system in the US in line with expectations. It's hard to comment on the timing with the agency, but we're eagerly awaiting approval for that system. And just to remind everyone that we had limited launch of the Simplera Sync with 780 in Europe in five countries. That's going well and we're looking forward to expanding that to a full commercial launch in the summer. And then, of course, Simplera within InPen, we launched late last year. It's”
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SEC filings for MDT ↗ · Claim quote is verbatim from the 2024Q4 earnings call.