NEW YORK, Feb. 3, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of traders of iRhythm Technologies, Inc. (“iRhythm” or the “Enterprise”) (NASDAQ: IRTC). Such buyers are encouraged to get in touch with Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns no matter if iRhythm and specified of its officers and/or directors have engaged in securities fraud or other illegal organization practices.
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On January 29, 2021, Medicare Administrative Contractor Novitas Solutions printed reimbursement charges for extended external electrocardiography (EKG) products, including iRhythm’s wearable heart level screens, below the U.S. Facilities for Medicare and Medicaid Products and services 2021 Medicare Health practitioner Rate Schedule. The posted reimbursement charges ranged from $40 to $80, representing a drop of hundreds of pounds from prior reimbursement prices. A Baird analyst cited one instance where iRhythm was previously reimbursed around $311, but would now acquire just $42.68. On this information, iRhythm’s inventory rate fell $82.58 for each share, or 32.9%, to shut at $168.42 for each share on January 29, 2021.
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Robert S. Willoughby
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