President and CEO of TranS1 Ken Reali attributes the decrease to insurance denials for lumbar fusion surgery and ongoing AxiaLIF physician reimbursement pressures. However, Humana’s recent move to cover AxiaLIF and the possibility of other payors following suit could drive more positive results for the company in the future, Mr. Reali says.
Domestic revenues made up $5.2 million of total 4Q revenues, according to the news release.
Read the company news release about TranS1’s 4Q financial results.
Read other coverage about device company’s financial reports:
– Integra LifeSciences Reports $194.1M 4Q Revenue, 6% Increase
– NuVasive Reports 4Q Revenue of $129.3M, 20.9% Increase
– Alphatec Spine Reports 4Q Revenue of $46M, 38.4% Increase
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
