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UNH UnitedHealth Group Inc

494.38
1.93 (0.39%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
UnitedHealth Group Inc NYSE:UNH NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.93 0.39% 494.38 494.87 491.86 492.48 2,029,505 01:00:00

Inspire Medical Shares Rise on UnitedHealthcare Coverage

08/07/2019 4:37pm

Dow Jones News


UnitedHealth (NYSE:UNH)
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From May 2019 to May 2024

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By Colin Kellaher

 

Shares of Inspire Medical Systems Inc. (INSP) rose more than 5% on Monday after the medical-technology company said health insurer UnitedHealthcare will provide coverage for the company's therapy, effective Aug. 1.

Inspire said UnitedHealthcare, a unit of UnitedHealth Group Inc. (UNH), considers the company's hypoglossal nerve neurostimulation device to be medically necessary for the treatment of moderate to severe obstructive sleep apnea when specified criteria are met.

The Golden Valley, Minn., company said it now has 35 coverage policies representing about 125 million members that cover the Inspire therapy, compared with 3 million members a year ago.

Analysts at SVB Leerink said the UnitedHealthcare decision is "a big incremental positive" for Inspire, adding that they believe the company "is nearing a reimbursement 'tipping point' that should lead to accelerated adoption of its technology."

Shares of Inspire were recently up 6.9% to $68.28.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

July 08, 2019 11:22 ET (15:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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