Listed Companies

Pacific Edge seeks US$40m backpay from US administrator

Brent Melville
Thu, 06 Aug 2020

Brent Melville
Thu, 06 Aug 2020
Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas. The retrospective claim follows last month's successful standard of care rating for the listed diagnostics firm from the US Centers for Medicare and Medicaid Services, meaning it will be paid for all testing at a set rate of US$760 per test from July 1, with eligibility also to claim commercial reimbursement from CMS patients. That price was set at the beginning of 2019, although the...

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