Inspire slides as ‘MAC flip flop’ adds uncertainty to coding saga, Truist says

Truist notes that shares of Inspire Medical (INSP) are trading down, and the firm believes this follows the publication of an updated billing and coding article from one Medicare Administrative Contractor, CGS Administrators, removing CPT 64568 as one of the acceptable codes for HGNS. Truist sees this “MAC flip flop” as adding uncertainty to a confusing roller coaster coding saga. The firm has a Buy rating on the stock with a price target of $165.